>>http://dealbook.nytimes.com/2013/12/11/criminal-action-is-expected-for-jpmorgan-in-madoff-case/?hp&_r=0
>>
>>So, we have executives at JPM Chase involved in criminal behavior again and walking off into the sunset with their golden parachutes.
>>Billions in fines are being paid by shareholders and, in some cases, taxpayers when some of these penalties are used to offset net income.
>>Cost to the people at Chase who did it? - nothing.
>
>http://www.rollingstone.com/politics/blogs/taibblog/nobody-should-shed-a-tear-for-jp-morgan-chase-20131025
>To them fines are nothing more then cost of doing business. Kind of like speed ticket to traveling salesmen.
>They put up for display some face vaguely resembling remorse, pay up their fine and then quietly speed off towards the next town.
>(Reaching 130 mph right behind the next curve)
That's an excellent story by Matt Taibbi. Thanks for the link.
Just a handful of journalists have picked this up.
Gretchen Morgensen of the NY Times has also.
These people have hoodwinked the public on a scale that makes Bernie Madoff look like a cub scout and the government rewards them with a tax deduction.

Meanwhile, virtually none of the "reforms" that were aimed at preventing a recurrence have been put into practice and these people are busily concocting the next boondoggle.