[zx8080]

What were the consequences after 2008 financial crisis?

[jfengel]

We created a Consumer Financial Protection Bureau to try to head off that kind of crisis before it happened again.

We got rid of it last year.

[r0fl]

Nothing

Stock market at all time highs

Miami houses selling north of $150,000,000.00

No one cares about that crisis anymore

The markets keep ripping no matter what

Just some hiccups along the way

[josuepeq]

You’re correct, but this is unsustainable.

[night862]

Well, in order to go up, first it must go down…

[malshe]

Yeah both Bush and Obama ignored those crimes

[chollida1]

What were the crimes you believe were committed in 2008 and who do you think committed those crimes?

[uncivilized]

You seem to think you’ve found some sort of gotcha. There were plenty of crimes committed in the MBS world. See GS, Credit Suisse, and others. However very few were prosecuted at the individual level.

[chollida1]

I wasn't looking for a gotcha at all. I was wondering what specific individuals are you referring to and what crimes you think they committed.

[SpicyLemonZest]

It's a fair question that I used to ask, but it's a very answerable one. To pick one example (https://www.sec.gov/news/press/2010/2010-59.htm), the SEC believes that one Fabrice Tourre was primarily responsible for the mortgage fraud committed at Goldman Sachs. But either they never referred him to the DOJ for prosecution or the DOJ declined to prosecute him.