The first, who raised the question was Gretchen Morgenson, around 2008, in NYT.
It should be noted, the Morgenson herself caused the collapse of Countrywide on January 8, 2008. It was one of the key events that launched the financial crisis. She published a story about.... fraud in the court by Countrywide. Within hours, Countrywide collapsed, and they stopped trading in the NYSE... So the story of the financial crisis, from the start, is tightly linked to corruption of the courts and the legal profession.
I was in contact with her then.
The answer is clear - the US courts would not permit the conviction of the banksters. Judges like the corrupt Jed Rakoff have already shown that.
It is the same situation as the prosecution of the corrupt LAPD cops. After corrupt California judge Jacqueline Connor overturned jury conviction in the First Rampart Trial in 2001(Troll, we are talking the historical event, not rampant corruption... :)), it became clear that the LASP would not permit the conviction of corrupt LAPD cops. Already then, media suggested that the judges were afraid that convicted cops would tell the full story of judicial corruption underlying the Rampart scandal.
So they stopped the prosecutions.
Same story here: The Human Rights Alert (NGO) submission to the UN for the first ever international review of Human Rights in the United States focused on racketeering by judges, banksters, attorneys in the LA courts. The earliest documented case was from 1998! and by the early 2000s, FBI defined LA County as "The epicenter of the epidemic of real estate and mortgage fraud"...
Both US and California judges cannot afford for any bankster to be convicted! It is risky for them!
 08-01-08 Case of Borrower Hills (01-22574) - in the US Bankruptcy Court, Eastern District of Pennsylvania, Pittsburgh. Countrywide's Three "Recreated Letters" and a Transcript
 12-06-08 Courts and Judges as racketeering enterprises under RICO (the Racketeer Influenced and Corrupt Organizations Act) - key element in the current financial crisis
 Bribing of state and US judges by Bank of America must be serious concern. ...
 14-01-06 Duplicitous US judges: Jed Rakoff, Richard Leon
Joseph Zernik, PhD
Human Rights Alert (NGO)
Occupy Tel Aviv
* The Human Rights Alert (NGO) submission to the Human Rights Council of the United Nations was incorporated into the 2010 Periodic Review Report regarding Human Rights in the United States, with the note: "corruption of the courts and the legal profession and discrimination by law enforcement in California".
* The Human Rights Alert (NGO) submission to the Human Rights Council of the United Nations was incorporated into the 2013 Periodic Review Report regarding Human Rights in Israel, with the note: "lack of integrity of the electronic records of the Supreme Court, the district courts and the detainees courts in Israel."
On Tue, Jan 7, 2014 at 11:04 PM, Gary wrote:
Here is a very good column by USDC (SD-NY) Judge Jed Rakoff that recently appeared in The New York Review of Books
THE FINANCIAL CRISIS: Why Have No High-Level Executives Been Prosecuted?
articles/archives/2014/jan/09/ financial-crisis-why-no- executive-prosecutions/