Red Tory has a story up entitled Fall of the Wall Street Wizards, and it's about 4 investment type folk getting caught doing the naughty. These infractions appear to be in the millions, rather than the billions/trillions, so small fish I suppose, but the story begs some questions. The impression is given that they were caught because people tried to get their money out of the investments the scamsters had set up, and couldn't.
Nothing to do with any regulatory body. They didn't find it. Nooooo..... So, why not? What exactly have those people been doing in recent years? Why didn't we hear from the politico's and those representing the financial conscience? I suggest the very same reasons they are currently ass kissing the money folk.
Then there was that Conrad Black thing. The millions that became $1 million, and a healthy company that made people money, now gone and even the remnants are in tatters. Why is that, one has to ask? So how come these regulatory bodies were so diligent in that case? Oh right, they were sending a message to Corporate America and their derivatives. It took them how long to react to Madoff?
I suspect ole Bern was a master of the game taught by his ancestors. Don't forget the little people. Spread the grease far enough, and things get slippery for everyone.