Can the Feds Prosecute Meltdown Mogul Angelo Mozilo?

Assuming prosecutors can clear legal challenges against applying retroactively the law's longer statute of limitations -- from five years to six -- the next step will be deciding whether to reopen the investigative files of top banking executives.

In my previous post, I explained why Justice Department lawyers believe the Dodd-Frank Act gives them an extra year -- until about the summer of 2014 -- to bring criminal cases against banks and senior bankers involved in the financial crisis.

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