If any decent person is caught embezzling, spending and gambling with someone else's money, they face serious incarceration. So why don't the people who run the banks? Are they not people? The banks in and of themselves are not people; thus they are not the ones making foolish investments with their customers money. Banks are nothing but a network of people in which tens of thousands of other people have entrusted with their hard-earned money. Just like everyone else, the CEO's and Investors who made these foolish ventures should face the same prosecution as everyone else in America who are bound by a set of morals and ethics we call "laws" and who can't buy their way out of trouble.
The notion that banks are "too big to fail" is absurd and is costing our citizens their savings.