The Financial Times has a very interesting profile of former Bakersfield real estate guy Carl Cole, who’s about to start a long stint in prison for mortgage fraud during the bubble.
That time is well deserved, as the FT shows, but it’s yet another reminder of how the relatively small fry have gotten pinched after the crash, while everyone on Wall Street remains free.
via An FT story lets Wall Street off the hook : Columbia Journalism Review.
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