[Tom Joad]

This article pretty much captures my feelings about this.

Here's an excerpt.

So let’s see how the justice system dealt with these two cases. When mostly African-American educators at poor schools in Atlanta cheat on tests, they get the book thrown at them. Ten of the 11 convicted on Thursday went directly to jail while they awaited sentencing; Superior Court Judge Jerry Baxter only spared the eleventh because of her imminent pregnancy. They each face up to 20 years. With Baxter quoted as saying “they have made their bed and they’re going to have to lie in it,” it’s difficult to expect much leniency. Even higher-ups got drawn into the criminal justice net; the former Atlanta School Superintendent, Beverly Hall, only avoided conviction for looking the other way at obvious fraud because she was too sick to stand trial. She died of breast cancer earlier this year.

As for the entire housing market, top to bottom, you can count the number of people who went to jail on one finger. Lorraine O’Reilly Brown was the CEO of a default services company called DocX, which filed over 1 million false documents in courts and county offices from 2003 to 2009. This was industry practice, but only Brown went to jail for it, with the claim that she committed a conspiracy of one, allegedly defrauding banks by concealing the fraudulent document scheme. Apparently when banks contracted DocX to create documents they should have legally already had in their possession, they never expected them to be fake.

Read it all here.