The Huffington Post - William Black Warns That Financial Reform Bill Won't Stop The Wall Street Crime Wave:
The securities fraud case against Goldman Sachs is a powerful reminder that the financial crisis responsible for millions of lost jobs and lost homes wasn’t just the result of market vagaries and regulatory failure — it was also the result of massive fraud at all levels of the financial system.
This epidemic of fraud has gone largely uninvestigated and almost entirely unprosecuted.
And the incentive structures that led so many people to intentionally take advantage of so many others for personal gain remains largely unaddressed by the legislation being considered in Congress.
