Of course it’s not. The financial sector pays off the government to look the other way. :-)
And the person who has politically defended Wall Street more than any other politician is currently the Senate Minority Leader.
Comforting, eh? From the very article you referenced:
That sentiment was echoed as late as 2012 by Lanny Breuer, then the head of the Justice Department’s criminal division, who said in a speech at the New York City Bar Association that he felt it was his duty to consider the health of the company, the industry, and the markets in deciding whether or not to file charges.
There you go. Once the regulators have proposed reasoning that allows them to ignore their own regulations…..anything’s possible.