In protecting Wall Street after the 2008 crash, the executive branch violated its core constitutional duty. It is now clear that there are virtually no limits on the magnitude of the crimes that the nation's most powerful private actors can commit with impunity.
New York State Attorney General Eric Schneiderman may go down as the most important public official in reforming the corrupt financial system -- if he can hold out against pressure from Wall Street, the Federal Reserve, and the Obama administration.
An audit examining assignments of mortgage recorded in the Essex Southern District Registry of Deeds issued to and from JPMorgan Chase Bank, Wells Fargo Bank and Bank of America during 2010 found that 75% of assignments of mortgage are invalid.
Roger Lowenstein's piece "Wall Street: Not Guilty" is well worth reading, if only as a case study in the moral and logical blindness that's reached epidemic proportions among otherwise reasonable people in influential Washington and Wall Street circles.