Senator Elizabeth Warren (D-MA), Member of the Senate Banking Committee and Ranking Minority Member of the Sub-Committee on Economic Policy, wrote two highly provocative letters this last week requesting a formal investigation into why President Obama’s administration has not brought criminal charges against the individuals and corporations involved in the 2007-2008 financial crisis.
According to Bloomberg, Senator Warren says that the Financial Crisis Inquiry Commission (FCIC) clearly believed there was enough evidence to prosecute them, and sent many criminal referrals to the Department of Justice, so she wants to open up investigations to better understand why that never happened.
“The Department has failed to hold the individuals and companies accountable,” she wrote. “This failure requires an explanation.” Her letter to FBI Director James Comey asked that he “release records of the FBI investigations into financial misdeeds in the wake of the crisis, to further illuminate why the Obama administration decided not to prosecute firms linked to the financial crisis.”
A three-page letter to FBI Director James Comey, and a twenty page one to DOJ Inspector General Michael Horowitz,  demanded an answer to why the Department of Justice (DOJ) has yet to prosecute any of the major players responsible for the 2008 financial crisis.
Applauding her demand for an investigation into why the referrals were not followed up, is Phil Angelides who had chaired the FCIC. “This is in the public interest,” he told Avi Asher-Shapiro of International Business Times. “We need to see if there was a fair investigation into what was happening on Wall Street.”


Register for a FREE Mortgage Fraud Analysis and get the FACTS you need to make the right decision regarding your loan!


For information on foreclosure defense call us at 844-372-8378. We offer litigation support, admissible evidence, expert witness testimony, education, training, and support in all 50 states to attorneys and pro se homeowners.

Fraudstoppers PMA

Feel free to connect with us . . .

332 S Michigan Avenue
Suite 1032 #F513
Chicago IL 60604-4434

Phone: 844-372-8378

Fraud Stoppers Logo

Legal Information Is Not Legal Advice: This site provides “information” about the law and is only designed to help users safely cope with their own legal needs. But legal information is not the same as legal advice — the application of law to an individual’s specific circumstances. THIS SITE IS NOT INTENDED TO BE MISCONSTRUED AS LEGAL ADVICE. Fraud Stoppers is NOT a law firm, non-profit organization, or government agency. Register for your Free Mortgage Fraud Analysis and Securitization Search, and get Free Foreclosure Defense Help and Free Foreclosure Defense Documents that you can use to stop a foreclosure and save your house.

Spread the love