Lopsided Approach To Wall Street Fraud Undermines The Law

Ex-Senator: Bank Execs Needed To Be Held Accountable
Senator Ted Kaufman, a Democrat from Delaware and chairman of the Congressional Oversight Panel, speaks during a hearing on the Troubled Asset Relief Program (TARP) in Washington, D.C., U.S., on Thursday, Dec. 16, 2010. U.S. Treasury Secretary Timothy Geithner defended a foreclosure-prevention program criticized by the panel and said TARP was one of the most effective crisis-response programs ever implemented. Photographer: Andrew Harrer/Bloomberg via Getty Images
Senator Ted Kaufman, a Democrat from Delaware and chairman of the Congressional Oversight Panel, speaks during a hearing on the Troubled Asset Relief Program (TARP) in Washington, D.C., U.S., on Thursday, Dec. 16, 2010. U.S. Treasury Secretary Timothy Geithner defended a foreclosure-prevention program criticized by the panel and said TARP was one of the most effective crisis-response programs ever implemented. Photographer: Andrew Harrer/Bloomberg via Getty Images

Today, Justice Department and bank regulators are wrestling with the question of whether the government can criminally indict a foreign bank, to show that no bank is immune from prosecution. In my view, this question has taken the Justice Department down a rabbit hole.

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