Here is another video interview with Matt Taibbi about the aftermath of the financial meltdown. Lack of law enforcement and prosecutions probably mean that there will be another financial crisis which may result in banks being bailed out by the government unless the laws and the politics change. Politicians seem isolated from what the average American is going through (with foreclosures and loss of savings).
Wall Street and Washington have a commingled relationship or a "revolving door" which puts financial people into government and government people into the financial system until they become one and the same entity.
See the video here
GoldmanSachs666 Message Board
According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage". In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia