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Bonuses for banksters


What a satisfying sight it would've been for the public to see Lloyd Blankfein, Jamie Dimon, and other high-rolling Wall Street banksters in handcuffs for having illegally foreclosed on the homes of hundreds of thousands of American families.

But, no. Instead of the kingpins of finance finally having to take responsibility for evicting so many people and wrecking the nation's housing market, not a single one has even been pursued by the law. Rather, federal regulators have negotiated a secret deal with Goldman Sachs, JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and nine other mortgage lending giants, letting banks pay $10 billion i...