There is this crazy argument floating around that the bankers and money managers who drove the economy off a cliff (then got paid for it) should be investigated. There is the crazy antiquated notion out there that even rich people who indulge in criminal behavior should be investigated, arrested, come to trial, be judged, and face punishment. One of the people who is pushing that quaint notion is our own AG, Beau Biden.
Beau Biden, Attorney General of Delaware chimed in with reservations as well. “The events leading up to the mortgage crisis must be fully investigated, including origination and securitization practices, before any broad immunity is granted,” he said. “The American people deserve an investigation.” Pressure from the quick-let’s-settle-and-forget-it-all contingent has remained strong.