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The Law Enforcement Response to the Financial Crisis

As the financial crisis has deepened, the pressure for prosecutions from politicians, the media and the public has grown. In turn, federal and state law enforcement and regulatory agencies have devoted vast resources to investigating the crisis.

9 minute read March 30, 2009 at 10:13 AM
By
Mark K. Schonfeld
The Law Enforcement Response to the Financial Crisis

Last month, the Senate Judiciary Committee held a hearing entitled “The Need for Increased Fraud Enforcement in the Wake of the Economic Downturn.” During the hearing, Sen. Patrick J. Leahy (D-VT) said, “I want to see people prosecuted ' . Frankly, I want to see them go to jail.”

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