It is no exaggeration to say that since the 1980s, much of the American (and global) financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud. The behavior that caused the mortgage bubble and financial crisis was a natural outcome and continuation of this pattern, rather than some kind of economic accident.
Dr Charles Henry Ferguson (1955- )
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Source: Ferguson, C (2012, How Financial Criminalization Crashed the Economy, and the Culprits Got Off Scot-Free, Huffington Post.