For years now this has been DOJ's strategy: to rattle off the number of cases of "financial fraud" or "mortgage fraud" it has won, not a single one of which is the kind of case the public has been demanding.
We are left with one thing we could do now to go straight at the heart of darkness: prosecute these bankers. The president, to his credit, set up a task force to do just that. So why doesn't anything seem to be happening?
It should have been the lead story from coast to coast: A bipartisan panel of senators released a damning report that slammed bankers, regulators and ratings agencies. Yet the media responded with a collective yawn.