Subprime meets nonprosecution.

Neatly tying together my previous posts about the Bush Justice Department's use of deferred prosecution agreements (nonprosecution) and the subprime mortgage crisis comes speculation that a Republican controlled Justice Department would not prosecute companies accused of wrongdoing in the subprime scandal. In fact, the existence of this corporate diversion program may have fueled the subprime crisis by encouraging bad corporate actors to believe they would not be held accountable for wrongdoing, says the NY Times.