...because, apparently, its hard to prove a case based on a humungous pile of documents . Also, the idea that "For every bad borrower, there's a bad lender" seems to be operative:
But former RCMP officer and Toronto-based corporate crime consultant Chris] Mathers questioned whether public money should be spent to investigate an alleged fraud that he said the bank should have avoided by properly vetting mortgage applications. He blamed the banks for creating a climate in which mortgage fraud thrives.
"The banks are fighting tooth and nail with each other to get this kind of mortgage business," he said. "They are cutting corners and so because they cut corners, they become victims of fraud."
So Tory MP Devinder Shory dodges one bullet. There are still questions he needs to answer, however.