‘Nobody wants a recession. Nobody wants historically high poverty rates and unemployment rates. Curiously, it’s the Occupy Wall Street folks who are most passionate about making whatever changes are necessary to ensure the next recession doesn’t happen. The financial industry, on the other hand, is fighting any effort at common-sense regulation tooth and nail.’

‘In all, industry advocates met more than two dozen times with White House and Education Department officials, including senior officials like Education Secretary Arne Duncan, records show, even as Mr. Obama has vowed to reduce the “outsize” influence of lobbyists and special interests in Washington.’

‘We should not underestimate, however, the difficulty of prosecuting high-ranking officials in large corporations. This case may be an exception, but senior corporate officers rarely have sufficient personal involvement to be charged with crimes. To reach the boardroom, where policies are formed that can lead to tragedy, we must be willing to hold corporations criminally responsible.’