Zero is right. No one from D.C. has been tried and convicted of anything. Leland Brendsel walked with $25 million from Freddie Mac. Franklin Raines with $90 million from Fannie Mae. Raines had to give back $2 million. No criminal charges were pursued even though there was clear evidence that Brendsel and Raines manipulated earnings for maximum compensation.
Certainly no one from the SEC has been held accountable. Barney Frank was not held accountable. Chris Dodd left town under a cloud. No one from the banking regulators has been held accountable. No one from Wall Street has been held accountable. Angelo Mozilo paid a large fine but kept $500 million in compensation earned while he destroyed Countrywide. No one at Countrywide has been prosecuted for offering bribes to Congressmen. The list goes on and on.
No one anywhere has been held accountable for the financial crisis, except a few small fry.
Would that this episode could be condensed into a Cliffs Notes version by just one of the dinomedia. Something that the average and ignorant couch potatoe could get hold of. Even FoxNews, more or less mainstream now, has pretty much steered clear of the down and dirty elements of this filthy, stinking mess. Glenn Beck, now gone from Fox of course, is the ONLY one I'm aware of who had the cheek to actually do some serious investigative work on it and IMHO laid the blame squarely where it belonged; with the DC cabal and its connections to the poverty pimps. I gather he was butchering some sacred cash cows. Others will occasionally make a passing remark about it but rarely with any conviction and certainly little investigative work.
Makes me want to puke sometimes.