Put the Fear in Fera
- United States Senator Elizabeth Warren
- United States of America
The 2009 Fraud Enforcement and Recovery Act, meant to outline future and enforce previous punishments for the Wall Street Executives who knowingly committed crimes that resulted and/or exacerbated the 2008 financial crisis has failed to live up to its name.
On February 15 2013, Massachusetts Senator Elizabeth Warren cautioned, "too big to fail is now too big to trial." University of Illinois Attorney and Professor Jim Moye has researched extensively on the subject and crafted improvements for this piece of legislation.
LET‘S PUT THE FEAR IN THE FERA! SUGGESTIONS TO MAKE THE FRAUD ENFORCEMENT AND RECOVERY ACT OF 2009 A STRONG FRAUD DETERRENT by Jim Moye must be given the attention it rightfully deserves.
As a society we have grown fatigued talking about the 2008 financial crisis. However, this fatigue has allowed government regulators and prosecutors to side-step effectively solving this issue. As a result, major banks and executives have already returned to committing crimes across the world including international price manipulation, illegal forecloses, and laundering cartel finances while obtaining record profits.
We, the undersigned, call on the U.S. government, particularly members of the legislative houses to revisit and strengthen the Fraud Enforcement and Recovery Act, and utilize the framework established by Attorney Jim Moye so that we may move towards a day where fraud is not rewarded but adequately, publicly, and severely punished.
The Put the Fear in Fera petition to United States Senator Elizabeth Warren was written by Jacoby Cochran and is in the category Law Reform at GoPetition.