The media group that coordinated the Panama Papers investigation into offshore companies said on Thursday it would not participate in a criminal probe by the U.S. Department of Justice.

Preet Bharara, the U.S. Attorney for Manhattan, wrote to the International Consortium of Investigative Journalists seeking additional information from the group to aid his investigation into tax avoidance claims, the Guardian reported on Tuesday.

The group on Thursday told prosecutors in Bharara’s office that it would not release unpublished data to them.

Read on.

Start with having the IRS auditing the banks for possible violation for REMICs. 

The main problem with Wall Street isn’t that, as Bernie Sanders says, the banks are too big to fail. It is that the bankers who run them are too big to nail—to be held financially and personally liable for the bad or corrupt decisions they make. This is now, sadly, documented history. The heart of the subprime mortgage mania—the real reason it could go on for so many years, nearly sinking the world economy in the end—was that no one was really held responsible for any of his or her bad decisions. Ever.

Bank executives weren’t held responsible during the bubble as it was building, when banks stopped caring about their own mortgage lending…

An upcoming seminar co-hosted by Certified Forensic Loan Auditors, LLC

Attorney CLE Credit 6hrs

April 23, 2016 | Los Angeles, CA

9:00am – 4:00pm

Co-Hosted by:

Rodriguez Law Group, Inc.
Certified Forensic Loan Auditors, LLC

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