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Divine Intelligence, etc

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Lack of Prosecutions for Mortgage Fraud and Financial Crisis Fallout

The chapter sheds light on the failure to prosecute individuals and institutions involved in mortgage fraud post-financial crisis, including unsuccessful attempts to convict players like a Chinese bank and Bear Stearns. It touches on the transfer of Bear Stearns' assets to JP Morgan and the lack of executive accountability through the SNL and global financial crises, accentuating the disparity in treating financial crimes and the dominance of major banks controlling a significant portion of the U.S. money supply.

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