"Criminal justice, as it pertains to the Goldmans and Morgan Stanleys of the world, is not adversarial combat.... Instead, it's a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats."
Why Isn't Wall Street in Jail? - Rolling Stone
Is there a solution? Tiabbi identifies one almost sure-fire (and highly appealing) possibility:
"[O]ne has to consider the powerful deterrent to further wrongdoing that the state is missing by not introducing this particular class of people to the experience of incarceration. 'You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street,' says a former congressional aide. 'That's all it would take. Just once.'""