Too Big to Fail and Too Big to Jail Continues

Ed Koch, RealClearPolitics
The readers of my commentaries know how incensed I am that no CEO of a major corporation or major figure in the banking industry who is alleged to have contributed to the Great Recession has been pursued criminally. All of us have read and heard the phrase, “Too big to fail.” I have suggested an add-on: “Too big to jail.” For all of the chest puffing by the U.S. government, no one I know of connected with the Great Recession of 2008 has been pursued criminally and gone to jail.Instead, the corporation involved agrees to pay a fine while specifically...

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