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"Litigation risk" for Goldman, Citi, BofA and Morgan Stanley?

That's what Felix Salmon thinks at Reuters. Banksters in orange jumpsuits doing the perp walk on the teebee? That would be a morale booster! But no "bad apples," mkay?

CEOs, only! After all, accounting control fraud takes place, by definition, at the executive level (and if you haven't read that transcript of Bill Black on Bill Moyers, do so at once).

NOTE I'd love to think that The Big O would haul some bankster CEOs off to jail for fraud as an October Surprise. Na ga happen: They're "savvy businessmen," and there's no way Obama can walk that back.

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