Originally posted by jolepp Sometimes the scandal is not that something has been done illegally but that it might in fact have been quite legal?
not to mention things like NOT rating securities CORRECTLY just leads down a trail of "human errors" that are hard to prove as to culpability...... much of what was done was not legal but not provable..... another problem...
Second theres the reward vs the cost of prosecution which has been the major excuse that I've seen. Of course that also is a judgment call.
Like trying Bush for war crimes the "evidence" is there... but nobody wants to.
IF you dig much of the financial stuff was "not quite" legal but "not quite" illegal.... fun huh... just depends who gets paid off......