Bill Black: Fiat Justitia Ruat Caelum (Let Justice be Done, Though the Heavens Fall)

Yves here. This post by Bill Black is important because it presents and dissects an ugly example of failure of morality and common sense within what passes for the elite in the US. Earlier this week, Matthew Yglesias defended the Administration's distaste for pursuing fraud investigations against financial players: ....the Obama administration felt it was important to restabilize the global ...