The Obama administration and Bush administration before it took great pains to protect big banks during the financial crisis which affected this country and indeed the world. As we continue to find, these same banks and bankers were responsible for the crisis themselves through their fraudulent and reckless behavior.
A New York Times editorial in August explained that the Department of Justice's excuse for failing to prosecute Wall Street executives - that it was too hard to obtain convictions - "has always defied common sense - and all the more so now that a fuller picture is emerging of the range of banks' reckless and lawless activities, including interest-rate rigging, money laundering, securities fraud and excessive speculation."
How can the Administration let such negligence be?