Not one of the executives at any of the 10 or so giant international investment banks in the U.S. and Europe that imploded the financial system five years ago by using illegal trading methods has gone to jail, or even been prosecuted. Why hasn't more been done? That's a good, and frustrating, question.
Five years after the Great Recession of 2007-08 destroyed the lives of millions of people and cost trillions of dollars, many of the big investment banks that caused the near total meltdown are still involved in shady and sometimes criminal financial gambling schemes that could crash the world economy again.
Since it's spring -- or at least, feeling spring-like -- I'm going to start today's roundup with the announcement of a new feature you'll see sprouting in our blog rail this coming week. It's called "Change My Mind": Two bloggers will debate a topical subject and readers will be able to vote on who won.
In other news, it was the week that started -- and ended -- with the Kony 2012 video. Unless you have been living under a rock (or, come to think of it, on the lam in an African jungle), you could not avoid being aware of the controversy surrounding the viral video made by Invisible Children.
Clearly, Greg Smith is the very product of the environment he is so quick to criticize. Under the guise of a now viral op-ed piece in the New York Times, Smith -- once a Goldman Sachs executive -- has successfully guaranteed that every employer, every corporation, every Jack, and Jill around the world, including the Hill, will be aware of his accomplishments.