The Crimes of Wall Street: What Are We Going to Do Before Its Too Late?

There is a term in finance called "moral hazard." It refers to policies and practices that reward wrong doing by banker and investors instead of allowing them to suffer their losses in the win-lose environment of the rigged casino that we refer to as markets.

On one level, it suggests that yes, there is some notion of rules and, dare I say, "morality" lurking in the anything goes if I don't get caught financial vampire land responsible for the collapse of credit markets in the aftermath of the disclosure of the subprime ("subcrime") scandal.