The SEC has decided to charge some Fannie Mae and Freddy Mac honchos with civil fraud, saying they misled the government and taxpayers about risky subprime mortgages ...
Note "civil" charges, meaning they're just being asked nicely to return what was stolen and maybe pay a penalty -- probably large enough to cut a couple of weeks off their vacations in the Hamptons next summer.
No jail for them, unlike some poor schmuck who got caught lifting a set of hub caps from parked car in Newark.
Look, if these guys profited by lying through their teeth about the value of the junk mortgages they bought and sold, they're criminals. And they have a lot of company in the genteel world of Crony (which it is) Capitalism (which it is not).
My guess is that the guilty total something in the thousands. Together they created misery and sometimes absolute poverty for hundredsof thousands of decent enough (though often, admittedly, dense) Americans.
Holder, this is the time to uncage your most rabid prosecutor, some brilliant guy with a night-school law degree, halitosis, and a badass attitude. Slip his leash and say sic-em.
Meanwhile Hillary can open negotiations to buy the old Frog prison on Devil's Island. A guy does hate to think of the Armanied thieves serving their 40 years in such a nice tropical climate, but we can compensate by making bug repellent contraband.