US probes banks over recession

Officials widen investigation of seven major financial firms in bid to unveil cause of 2008 economic crisis.

Bank of America pkg

New York’s attorney general is widening his investigation into US bank practises that caused the 2008 financial crisis.

The inquiry focuses on the activities of seven major financial firms. But after three years, there’s growing public frustration that no one has yet been found criminally responsible for the economic meltdown.

Al Jazeera’s Scott Heidler reports from New York.

Source: Al Jazeera