Fraud prosecutions fell AS CRISIS LOOMED

[JohnWxy]

http://www.usatoday.com/news/washington/2009-12-15-prosecute-fraud_N.htm

WASHINGTON — Federal prosecutions for serious financial crime plummeted as the nation headed toward one of the worst economic meltdowns in U.S. history, a USA TODAY examination of Justice Department records shows.

That drop in enforcement touched everything from stock-trading schemes and corporate wrongdoing to fraud aimed at individual consumers, according to the records.
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THe dot-com versiion of usa today doesn't have it but the paper version had a good chart showing
New Cases Prosecuted -
..........2003 = 141 (stated on left verticle axis)
..........2004 ~ 157 (estimated from graph)
..........2005 ~ 112 (estimated from graph)
..........2006 ~ 89 (estimated from graph)
..........2007 ~ 62 (estimated from graph)
..........2008 ~ 54 (estimated from graph) - down 62% from 2003
..........2009 = 63 (stated on right verticle axis) ..after Obama arrives it starts going back up.

[The Backlash Cometh]

1. White collar crime is too big to fail. Too white, too.