<story><title>“Cheating teachers go to jail. Cheating Wall Streeters don’t. What’s up?”</title><url>http://www.washingtonpost.com/blogs/answer-sheet/wp/2015/04/23/jon-stewart-cheating-teachers-go-to-jail-cheating-wall-streeters-dont-whats-up-with-that/</url></story><parent_chain></parent_chain><comment><author>_yosefk</author><text>You know who &lt;i&gt;never&lt;/i&gt; goes to jail? Regulators.&lt;p&gt;Madoff, for instance, moved from Wall Street into a cell where he belongs, refuting the above headline. His regulators, however, weren&amp;#x27;t even charged with anything AFAIK. That despite their inaction for many years being either criminal negligence or the result of being bribed.&lt;p&gt;(From &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;www.bloombergview.com&amp;#x2F;articles&amp;#x2F;2014-01-07&amp;#x2F;jpmorgan-pays-for-shorting-madoff-without-telling-anyone&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;www.bloombergview.com&amp;#x2F;articles&amp;#x2F;2014-01-07&amp;#x2F;jpmorgan-pa...&lt;/a&gt; - &amp;quot;The government regulators, led by the Securities and Exchange Commission, also didn&amp;#x27;t catch Bernie Madoff, even though they were his regulators and that was literally their job. And while yes JPMorgan ignored some red flags, so did the SEC. Like, the many many credible letters they got to the effect of &amp;quot;Bernie Madoff is a big ol&amp;#x27; Ponzi scheme.&amp;quot; Should the SEC be paying an even bigger penalty than $1.7 billion?&amp;quot;)</text></comment>
<story><title>“Cheating teachers go to jail. Cheating Wall Streeters don’t. What’s up?”</title><url>http://www.washingtonpost.com/blogs/answer-sheet/wp/2015/04/23/jon-stewart-cheating-teachers-go-to-jail-cheating-wall-streeters-dont-whats-up-with-that/</url></story><parent_chain></parent_chain><comment><author>falsestprophet</author><text>Jon Stewart&amp;#x27;s thesis is that teachers are punished for crimes and &amp;quot;Wall Street&amp;quot; is not.&lt;p&gt;In this segment he singularly cites the actions of loan officers soliciting incorrect information comparing their actions to teachers falsifying test results.&lt;p&gt;First of all, loan officers are hardly &amp;quot;Wall Street&amp;quot; fat cats. They are low level employees who are paid an average of $50,000 [1] and do not work for &amp;quot;Wall Street&amp;quot; firms like investment banks.&lt;p&gt;Secondly, loan officers operate throughout the United States rather than actually on Wall Street or in Manhattan and, as a group, are subject to the jurisdiction of the federal government, 50 states, and 3,144 counties each with independent prosecutors (elected state&amp;#x27;s attorneys, district attorneys, etc.).&lt;p&gt;If none of the thousands of entities who could have brought cases have done so, either there is conspiracy vaster than any other or there are not credible cases to bring.&lt;p&gt;[1] &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;www.glassdoor.com&amp;#x2F;Salaries&amp;#x2F;loan-officer-salary-SRCH_KO0,12.htm&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;www.glassdoor.com&amp;#x2F;Salaries&amp;#x2F;loan-officer-salary-SRCH_K...&lt;/a&gt;</text></comment>