Has Anyone Noticed...

That with all of this talk of bailout there hasn't been any talk of culpability? It would be truly extraordinary if no one was prosecuted. Then again, I remember two little tidbits from my brief days lugging ledgerbooks at an investment house:

a. John Gutfreund (or however you spell it) 's clerk was immediately fired after the early 90's Solomon Brothers scandal... but Gutfreund walked away with a 10 million or so bonus.

b. Michael Milikin's Sales assistant spent more time in jail than he did.

In other words, what I imagine will happen is that some low level manager or trader will be prosecuted and the big guys will walk away with fat checks, courtesy of the taxpayer.