You may have noticed that prosecutors in this country are in something of a white-collar slump lately.
The stock options backdating prosecutions have largely been a bust , not because it wasn’t a true scandal. The Securities and Exchange Commission and the Justice Department investigated more than 100 companies. Over a hundred took accounting restatements. Yet only a handful of executives went to prison, with some high-profile cases fizzling out.
comment by Gartrell Bibberts:
"Sounds just like Roosevelt in 1933! Lets put some SOBs in jail and ramp up our constituencies. I watch the industry too and outside of Chris Dodd and a few of his associates, I see more stupidity and greed than criminality."