A Senate Subcommittee Report Came Out the Other Day

which told everybody what everybody already knew, and that the Wall Street crash was a result of widespread criminality.

I would say aided and abetted by corrupt politicians in Washington who decided regulations were too cumbersome, or if they supported regulations, their donors did not.

Of course, nobody has gone to jail for this.

One reason for the absence of prosecutions is the power of the individuals involved, all of whom wield immense influence over politicians, the media and the legal system. But it goes deeper than the status of individuals, just as the sordid state of affairs as a whole arises not from individual greed, but rather from a profound crisis of the entire system.

The criminalization of the American ruling class is the outcome of more than three decades in which the accumulation of wealth by the corporate-financial elite has become increasingly separated from real production. In its pursuit of profit, the ruling class has dismantled huge sections of industry and turned ever more decisively to financial manipulation and speculation.
The ascendancy of the most parasitic sections of the capitalist class has been accompanied by a sharp decline in the living standards of the working class. The richest and most powerful layers have acquired staggering levels of wealth by plundering society.

The ruling class itself senses that to prosecute any of the leading figures in the defrauding of the American people (and the rest of humankind) would rapidly expose the criminality of the entire system.

It would mean putting the capitalist system itself on trial.

Well, yeah.