I respectfully disagree with what the real culprits are in this article…it’s plain and clear simple Corruption going on behind the scenes. We have witnessed this over and over again with the revolving door and in private emails involving regulators etc… INCLUDING the media that writes these articles.

Bloomberg-

In my previous post, I summarized Judge Jed Rakoff’s objections to all the reasons federal prosecutors have given for failing to charge top financial executives with criminal wrongdoing. So, what explains the hesitance to bring to justice those who contributed to the worst economic crisis since the Great Depression? In his speech before New York securities lawyers last week, Rakoff, the outspoken federal judge, laid out a few theories.

Notably, he doesn’t suspect the infamous “revolving door” — the idea that bureaucrats are simply positioning themselves to move to cushy private-sector jobs. Prosecutors, he said, want to make a name for themselves. The easiest way to do that is by bringing cases against high-level people, and the prospect of eventually going to work for a Wall Street firm isn’t a deterrent.

[BLOOMBERG]

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