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It would appear that it's a mistake to commit white collar crime without being an American bank. [1][2][3][4]

[1] "70% of early payment defaults had fraudulent misrepresentations on their original loan applications" - http://www.anu.edu.au/fellows/jbraithwaite/_documents/Articl...

[2] "half of all the loans called sub-prime, were also liars loans. Liars loans means that there was no prudent underwriting of the loan" - http://www.neweconomicperspectives.org/2011/09/william-black...

[3] "how many criminal referrals did the same agency do, in this crisis. Remember it did well over 10,000 in the prior crisis. Well the answer is zero. They completely shut down making criminal referrals" - ibid

[4] "In 2003, Freddie Mac coughed up $125 million after it was caught misreporting its earnings by $5 billion; nobody went to jail. In 2006, Fannie Mae was fined $400 million, but executives who had overseen phony accounting techniques to jack up their bonuses faced no criminal charges. That same year, AIG paid $1.6 billion after it was caught in a major accounting scandal that would indirectly lead to its collapse two years later, but no executives at the insurance giant were prosecuted." - http://www.rollingstone.com/politics/news/why-isnt-wall-stre...



This is very interesting and disturbing, but I fail to see what this has to do with a lawsuit in Sweden. As far as I am aware these two events are unrelated.


Only related in the sense that they reflect US government priorities for white collar prosecution. Their state department has been leaning on Sweden for some time to clean up The Pirate Bay [1]. And there's, of course, the recent MegaUpload news. Copyright enforcement is a critical issue for them, corporate malfeasance is not.

[1] http://wikileaks.org/cable/2009/03/09STOCKHOLM141.html#par12


Well, don't you know that copyright infringement is responsible for this economic depression? The pirates are upsetting Mikey.




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