DoJ Issues “Yates Memo” To Change Direction Of Wall Street Prosecutions

It has long been known, and only recently publicly discussed, that there was in fact a two tiered system of justice in the U.S. As one example, Wall Street executives have been accused of not only breaking the law but, having been given warnings, they were said to have wiped their hands with indifference, breaking the law nonetheless and appearing untouchable.

Did knowing criminal activity wouldn’t be properly investigated encourage additional brazen behavior?

Such cases have yet to come to trial, but they could. What such brazen actions expose is an environment in which a narrow minority of elite corporate executives might have begun to believe they would not only get away with borderline criminal behavior,...