Wall Street Nearly Home, Scott Free

Willliam Cohan in the NYTimes chronicles How Wall Street Has Gone Free on nearly every incident leading to and during the Financial Meltdown. There is evidence of great fiduciary,  civil and regulatory wrongdoing and nothing is being done by Justice or any of the other 17  financial regulatory agencies. Now only one stone remains – Goldman Sachs duplicitous CDO market making. And  Marketwatch/Wall Street Journal are hinting that a big but chump change fine [$600M when Goldman clears nearly $6B in profits every quarter] with no admission of guilt  is in the offing. Now my question is where does Real Financial Reform go when there are no legal  consequences for the greatest financial malfeasance of the last half century?

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