Here’s The Memo That Could Finally Send A Wall Street Bigshot — Jon Corzine — To Jail
Mar. 24, 2012
There was a major development yesterday in the nation’s collective desire to send at least one Wall Street bigshot to jail after the financial crisis.
Normally, after a financial collapse and crash like the one we had, Wall Streeters are rounded up in packs, vilified, and incarcerated.
This time, however, no bigshot has been so much as charged with anything, let alone sent to jail.
(The reason for this, which no regulator or Congress-person will admit, is because the vast majority of what happened in the years leading up to the financial crisis was legal, courtesy of silly laws enacted by Congress. But Congress can’t admit that, so Congress instead blames prosecutors and regulators for being too wimpy.)
But now it has become clear that at least one crime was committed at a major Wall Street bank.