All crime and no punishment on Wall Street

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By David Weidner, MarketWatch


NEW YORK (MarketWatch) — If you want to take the pulse of how many Americans feel about justice meted out to Wall Street, take a look at the more than 200 comments posted to MarketWatch’s story on the settlement between prosecutors and Angelo Mozilo, the former chief executive of Countrywide Financial.

“The average Joe Schmoe is paying the price financially while these CEOs get a slap on the wrist and a big check to retire.”

“People are losing their homes and dignity and jobs. We are finding out more and more every day that the money has been stolen from the average Joe and distributed to the high level executives.”

“You steal from people and you walk free by giving part of your loot to the police.”

“How are we supposed to believe that justice has been served? I’m not a lawyer but surely, this appears to be a big let-down for the victims of Countrywide’s bad practices.”

“When is Angelo going to get an orange jumpsuit to match his orange face?” ..........(more)

The complete piece is at: http://www.marketwatch.com/story/all-crime-and-no-punishment-on-wall-street-2010-10-19