Too Big To Fail came first with the bailout laid out on a silver platter for the big banks a few years ago. They have many advantages because of fear that their failure would tank our economy: Cheaper loans, more leeway in investigations, hardly any regulation or oversight. Large Financial institutions continue to make record profits, and continue engage in bloating up with the express help of our government.
Criminal behavior in the same industry has often been forgiven without criminal trials, just promises made to not do it again, and payment of fines. No one even loses their job in most cases! Recently, even though HSBC and its subsidiaries have been providing access to cash for enemies of the United States, caught laundering money for killers and terrorists, they only pay a stinking fine. No prison time for anyone. No revocation of banking charter. After doing it again and again over the years. Here is an article on prior bad acts from July that got lost in the Presidential race coverage. How many times can HSBC illustrate that they have no regard for American law? How huge does the crime have to be, before our justice system stops it, or is fear for our economy win in every case?
The answers Elizabeth Warren have gotten in the last few Senate Banking Committee meetings indicate that there is no limit.
I guess some folks are Too Big To Go To Jail. Click on this link if you think that is wrong, and you want President Obama to change the way we allow the biggest crooks to rape their consumers: http://signon.org/sign/action-tell-obama-to?source=email&id=64304-24865689-DQfdQYx