Those with suspicious and numbed-by-experience minds like my own may suspect that an ability to hold accountable those who were actually accountable will be swiftly snuffed out by the largest stockholders in the U.S. government.
(Reuters) - The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct that fueled the financial crisis.
To convince a jury that Bank of America engaged in fraud, lawyers in the Manhattan U.S. Attorney's Office turned to FIRREA, a once-dormant civil fraud statute that essentially allows the government to build a criminal case against financial institutions, but without having to prove it beyond a reasonable doubt.
But for the moment, there seems to be a ray of hope. Not a blinding light, mind you (think Citizens United), but a ray.