Yet the case still somehow ended in acquittal — and the Justice Department hasn’t taken any of the big banks to court since.
All of which raises an obvious question: Why the hell not?
…Criminal justice, as it pertains to the Goldmans and Morgan Stanleys of the world, is not adversarial combat, with cops and crooks duking it out in interrogation rooms and courthouses. Instead, it’s a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats.