08/08/2014 02:52 pm ET

Wall Street Criminals Are Still A Protected Class In America

Justin Sullivan via Getty Images

It's becoming a sort of ritual for the US government to cut a deal with the Wall Street bankers who caused the 2008 financial crisis. Last October, we saw JP Morgan get slapped with a $13 billion settlement for hawking shady mortgages to investors. Citigroup was charged $7 billion in a similar agreement reached this July. Usually, the settlements consist of large sums of money that can be trumpeted in splashy newspaper headlines and tough, self-congratulatory statements from Attorney General Eric Holder, who fancies himself a hero. But set against the backdrop of an ongoing War on Drugs that essentially criminalizes African American and Hispanic youth in many American cities, the federal government's stubborn refusal to criminally prosecute the white guys who sent the economy into a tailspin is a testament to just how heinous our legal system has become.

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