Crime or Punishment Why Wall Street Elites Don't Do Time

Brenner, Michael
http://www.counterpunch.org/2016/06/03/crime-or-punishment-why-wall-street-elites-dont-do-time/

Publisher:  CounterPunch
Date Written:  03/06/2016
Year Published:  2016  
Resource Type:  Article
Cx Number:  CX19472

Illicit financial behavior has been decriminalized in the United States -- for all practical purposes. Despite the revelations of massive misconduct by banks and other financial services businesses, criminal investigations are rare, indictments exceptional and guilty judgments extraordinary. Most potentially culpable actions are overlooked by authorities, slighted, reduced from criminal to civil status when pursued, individuals evade penalties much less punishment, and the appeals courts take extreme liberties in exonerating culprits when and if the odd conviction reaches them. The last mentioned are establishing new frontiers in the formulation of ingeniously sophistic arguments to justify letting financial malefactors off the hook.