Prosecuting Wall Street Fraud

 

Kaufman urged President Obama to prosecute individuals who committed fraud by knowingly compiling and selling fraudulent mortgage-backed securities. In a memorable line from his "Prosecuting Wall Street Fraud" speech on the Senate floor, Kaufman remarked: "…people know that if they rob a bank, they will go to jail. Bankers should know that if they rob people, they will go to jail too."