February 18, 2011 11:25 pm ET
And Why Isn't Wall Street in Jail?
By Matt Taibbi
FEBRUARY 16, 2011 9:00 AM ET
"...To understand the significance of this, one has to think carefully about the efficacy of fines as a punishment for a defendant pool that includes the richest people on earth — people who simply get their companies to pay their fines for them. Conversely, one 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."...
Gawd I love Matt Taibbi.
http://www.youtube.com/watch?v=VBmMsTkc9ms
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