Read the One Paragraph That Explains Why No Bankers Have Gone to Jail

Earlier this morning, as I was just minding my own business reading what appeared to be an uneventful Wall Street Journal article titled, Justice Department Gets Tougher on Corporate Crime, I came across a stunning revelation.

Before getting into it, I should provide a little background. Back in September, I highlighted a document known as the “Yates memo,” referring to a document written by deputy attorney general Sally Yates which promises to target individuals in cases of corporate wrongdoing. This of course made everyone wonder why the Justice Department wasn’t doing so in the first place. Which brings me to the shocking revelation in yesterday’s WSJ article…

Read more here.