Michael Hiltzik
Los Angeles Times
January 3, 2013

As the five-year statute of limitations approaches for the wrongdoing that bequeathed us the Great Recession, the question of why no high-level executives have been prosecuted becomes more urgent.

You won’t find a better, more incisive discussion of the question than the one by U.S. District Judge Jed Rakoff of New York in the current issue of the New York Review of Books.

[…]

In his new essay, Rakoff takes particular aim at the government’s habit of prosecuting corporations, but not their executives — a trend we railed against earlier this year.

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