David Vitter: “I applaud you for your decision not to proceed to procurement of the Medium Extended Air Defense System (MEADS) air and…”

Why isn't this crystal clear proof that an entity as big as Wells is not only too big to fail, but it is too big to manage and it is too big to regulate?

We need tough new laws to hold corporate executives personally accountable, and we need tough prosecutors who have the courage to go after people at the top.

The only way that Wall Street will change is if executives face jail time when they preside over massive frauds.

Was not this practice, in fact, by the numbers part of the Wells culture by definition because it was so widespread for so long a period of time?