Gillian Tett of this parish is wondering why more bankers are not in jail. She thinks it’s partly because all this finance stuff is too complicated for the poor little lawyers to understand. But there may be other reasons, like judges who think they should take the working environment of wrongdoers into account. Like the fantasy judge imagined by the Jets in Westside Story, who lets off a hoodlum because he pleads a tough childhood, this New Jersey judge seems to think working in a “pernicious and pervasive … culture of corruption” is a mitigation of accuseds’ offence.
© The Financial Times Ltd 2016 FT and 'Financial Times' are trademarks of The Financial Times Ltd.