Don’t Let Go of the Anger
NYTimes- By WILLIAM D. COHAN
One of the most frustrating facts of the recently abated financial crisis is that those who might have been partly responsible for it have got off scot-free. The only two people prosecuted criminally — the Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin — were found not guilty by a jury in Brooklyn. Other potential culprits — Angelo Mozilo, chief executive of Countrywide Financial, Joseph Cassano, chief executive of AIG Financial Products, and Dick Fuld, the chief executive of Lehman Brothers — were either slapped with a small civil penalty, in the case of Mozilo, or the Justice Department made the decision not to prosecute after months of investigation.
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Because, even though there are elaborate regulations procuring wall street actions…THEY ALL STILL BELIEVE THAT THE MARKET IS LIKE GOING TO VEGAS!