Let’s say you’re an upper-middle class US of A citizen, sitting at $950,000 net worth. You commit huge wire fraud. But instead of going to prison, you get a $50,000 fine. Isn’t that a slap on the wrist?

Yet this is exactly what Goldman Sachs got away with in 2016 (95B market cap, 5B settlement).

Isn’t it neat that those who are too big to fail are always too big to obey the law? Rules for thee and not for me.