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Friday, May 13, 2011

Why isn't Wall Street in prison?

Why isn't Wall Street in prison?: There's being provocative, and then there's getting down on your knees and absolutely begging for a nasty backlash. Business journalist and author Roger Lowenstein aims for the latter in a long piece for Bloomberg BusinessWeek exploring the degree of criminal culpability, (or lack thereof) that Wall Street financial institution executives deserve for their role in detonating the Great Recession. The headline tells the tale: "Wall Street: Not Guilty: Why have no executives gone to jail for their roles in the financial crisis? Perhaps because risk-taking and stupidity aren't criminal."