Explain worthless mortgage securities

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In case you haven't noticed, the public seems to be less tolerant of criminal conduct by businesses. Federal prosecutors are looking at criminal charges against the biggest bank in the country, JP Morgan/Chase for its role in selling worthless mortgage securities before the financial crisis. And how about Volkswagon? Criminal charges for scamming US auto regulators? Let's talk.....if a business employees thousands of people or provides products or services for millions, should it have the same criminal liability as, say, the guy selling pot on the street corner? Won't we be hampering free enterprise if we start putting business people in jail when crimes are committed by their corporations? How is a CEO supposed to know everything that happens in every department in every city across the world? Is it fair that we might hold him/her personally liable? Don't be afraid to show off and do some quick internet research on this subject. You'll probably find an article that would be great to share!

Reference no: EM133108334

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