For those of you who don't think bank executives are getting off easy, here's a story for you to consider
The FDIC has sued not only the Washington Mutual's executives who were the alleged "architects" of WAMU's aggressive mortgage lending strategy, but their wives, too. In its lawsuit, the FDIC is seeking not only unspecified damages against the executives, but to freeze the personal assets of their entire families.
In my opinion, this is a disgusting abuse of power by the FDIC. The business decisions of these executives certainly were risky (perhaps stupid), but just as certainly they were not criminal. Even if the FDIC were successful in recouping every dime of compensation paid to these executives, it would be a tiny fraction of WAMU's losses. I'm not saying the executives shouldn't be sued for their negligence, but dragging their families into this is excessive and unfairly punitive.
In the end, the only one who gets anything out of these suits are the private attorneys the FDIC hired to represent it, including one firm which touts its expertise in."all areas of litigation, including personal injury."