Kwame R. Brown, D.C. Council chairman, resigns after being charged with bank fraud - The Washington Post

[Dan Petegorsky]

http://www.washingtonpost.com/local/crime/dc-council-chairman-kwame-brown-to-be-charged-with-fraud-as-soon-as-today/2012/06/06/gJQAUXJqIV_story.html

So here's an example of very high profile case of criminal prosecution for bank fraud -- once again targeting someone who lied in applying for a loan.

"The three-page charging document says that Brown provided Industrial Bank of Washington �falsified documents� that overstated his income by �tens of thousands of dollars� to allow him to obtain a home equity loan and to purchase a boat. Prosecutors wrote that the two-year scam started in August 2005."

So they go after individual borrowers, but thus far have ignored the fraud factories that made loans like these by the tens of thousands and bundled them into securities....