Corporations can be prosecuted as criminals and every year some get convicted of crimes. However, over the past decade the government has not stepped up corporate crime enforcement. In fact, the evidence is to the contrary.
I was in my early 20's when a jury convicted me, and I faced a possible sentence of life. If Stanford struggles with his conscience, as I did, he will feel alienated from society in ways that aggravate the pain.
Absolute power corrupts absolutely, and in a world where the gap between the powerful and powerless grows wider each day, corruption in political and economic institutions spreads much faster than shame.
I'm all for cracking down on political corruption and the insidious ways in which money subverts our democracy. But even within this category of wrongdoing I can think of plenty of bigger fish to fry than John Edwards.
When bankers think they can get away with rampant fraud and get paid very well to do it, they'll do it. Robert Rubin's best defense is that he really isn't all that bright -- he's either an idiot or a criminal.
Wachovia Bank is accused of laundering $380 billion in Mexican drug cartel money, and is expected to emerge with a slap on the wrist thanks to a government policy which protects megabanks from criminal charges.
Will Goldman survive the assault? Will the threat of criminal charges being pursued against the world's leading investment bank spill over onto others on Wall Street? Is the criminalization of the crisis underway, or is all this just a maneuver?
Marc Rich, the world's most powerful oil trader who had systematically avoided reporters and had given his last interview over twenty years ago, finally opened up about his businesses and his private life.