In almost a decade since the financial crisis, only one Wall Street banker—a Credit Suisse executive—had gone to jail, despite an economic collapse that had thrown millions out of work and lowered living standards. More than one thousand bankers were convicted for their roles in the savings and loan crisis in America in the 1980s and 1990s. In 2006, a court found Ken Lay, the former CEO of Enron, guilty of fraud. Since the crisis, though, the Justice Department had shied away from singling out individuals for white-collar crimes, preferring instead to reach deals with banks to defer
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