Well said. Here's hoping this will result in some civil suits against individuals at Citi, if not actual jail time.
Don't believe me? Look up how many people went to jail for:
* Tycho
* Global Crossing
* Enron
* HealthSouth
* Madoff
* the S&L Scandals of the late 80's
* Washington Mutual
William Black on Moyers and Company[1]: Sure. The savings and loan debacle was one-seventieth the size of the current crisis, both in terms of losses and the amount of fraud. In that crisis, the savings and loan regulators made over 30,000 criminal referrals, and this produced over 1,000 felony convictions in cases designated as “major” by the Department of Justice. But even that understates the degree of prioritization, because we, the regulators, worked very closely with the FBI and the Justice Department to create a list of the top 100 — the 100 worst fraud schemes. They involved roughly 300 savings and loans and 600 individuals, and virtually all of those people were prosecuted. We had a 90 percent conviction rate, which is the greatest success against elite white-collar crime (in terms of prosecution) in history.
[1] http://billmoyers.com/2013/09/17/hundreds-of-wall-street-exe...
That's the problem, right? Years of "we're getting to this soon!" "We're on your side!" "We're going to get those bad guys!"
Then, you look back, and 5 years later you see nothing has happened. The "justice" system is lying, running out the clock, and just trying to hope everybody ignores bad people in powerful positions doing bad things without any meaningful, and personal, repercussions.