[atr_gz]

The story about Abacus was interesting. I didn't realize they were the only actual bank to be prosecuted. That said, a handful of employees at other small banks around the country were prosecuted - I personally know a low-level mortgage broker who went to prison for fraud related to the 2008 crisis. They were falsifying mortgage applications for unqualified customers.

The enforcement still wasn't enough in my opinion, but (and I'm struggling to find a source backing me up) I believe there were several hundred of these cases. None, however, from the big banks that arguably should take more of the blame.

[paulie_a]

Post 2008 the real estate industry was rife with fraud. I had a boss that got kickbacks from contractors fixing rigged bids on foreclures to the tune of 500-600k. He never got caught. It was blatantly illegal and involved federal agencies.

[FireBeyond]

Abacus as a bank wasn't guilty of this.

They had some brokers that they fired, before any criminal action had been filed, when a senior manager noted indiscrepancies in the closing process (like writing multiple small checks for down payments and closing costs).