You obviously didn't read the article. The SEC didn't just turn it's back on insider trading. And that is not the only "crimes" here that Taibbi catalogues by the AIG, Goldman Sachs, Bear Sterns, Citigroup, Fanny Mae. There was widespread mis-reporting earnings to investors, using phony accounting techniques to jack-up bonuses, concealing billions of dollars in loans from their balance sheets like Lehman did. Those are crimes, and Taibbi gave example after example of such misdeeds.
Tons of specifics that I guess you missed. Great piece yet again by Matt Taibbi on the shameful practices of Wall Street banks while the SEC looked the other way.
Tons of specifics that I guess you missed. Great piece yet again by Matt Taibbi on the shameful practices of Wall Street banks while the SEC looked the other way.