The Hustle Continues: Why the Feds Haven’t Nailed the Big Banks

New Republic, May 25, 2016–Dayen, David

Americans still want to see some measure of justice for the misconduct that precipitated the financial crisis. But Monday’s decision by an appeals court to throw out a $1.27 billion civil penalty against Bank of America will surely generate some despair. So few cases have even been attempted that when a successful one gets reversed, it can raise questions about whether there were any good ones to make in the first place.