Many US laws were broken in the events leading up to the GFC. There were multiple types of fraud, including mail fraud, a federal crime. The robo-banking scandal in particular was acknowledged to be a form of mail fraud, committed by many bank execs. See Matt Taibi's blog for details. For example: http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511
Holder has in recent times decided to go after the institutions to recover some of the costs. He has done well getting the money back. But he has failed to jail, or decided not to jail, the execs. The fact that several the banks have rolled and paid settlements in the billions proves they knew they were guilty.
Many US laws were broken in the events leading up to the GFC. There were multiple types of fraud, including mail fraud, a federal crime. The robo-banking scandal in particular was acknowledged to be a form of mail fraud, committed by many bank execs. See Matt Taibi's blog for details. For example:
http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511
Holder has in recent times decided to go after the institutions to recover some of the costs. He has done well getting the money back. But he has failed to jail, or decided not to jail, the execs. The fact that several the banks have rolled and paid settlements in the billions proves they knew they were guilty.