July 24 we got the Rigas "perp walk" and the markets rallied. Arthur andersen was put out of business. A couple of the Enron and Tyco guys were indicted. As far as I can tell, not much else has happened. Bernie Ebbers, Gary Winnick, Jack Grubman, Robert Rubin, the heads of Goldman, Morgan, Merrill, the crooked analysts, the CEO's who pumped and dumped their stock on CNBC, nothing has happened to any of them. Oh yeah, some banks were forced to pay some protection money in the form of settlements to the state AG's. BFD. How much did they net out of the fraud that they ran on innocent investors? I have to agree with Jim Cramer that the SEC and Justice Department seem more interested in teenage internet pump and dump operators than big time crooks. Drexel Burnham was small time compared to this. Don't blame it soley on the Republicans either. Most of this stuff happened on Clinton's watch, and plenty of big money Dem's are up to their eyeballs in this stuff. Sen. Corzine ran Goldman, Robert Rubin tried to get the Treasury to use its influence to stall the Enron debacle, Clinton money man Terry McAuliffe made millions on Global Crossing. Wonder how much ended up with Clinton? A couple of months ago the Wall Street inspired backlash started, along the lines of how unfair it was to penalize these brokers and analysts who were just going along with the program. What BS. Now apparently it's not news anymore. You lost 12 trillion dollars but hey, that's life, don't expect anyone to do anything about it and as long as you're on the line, how about some Janus funds or a hot IPO? Mary Meeker has a buy on this one. Oh yeah, I'm in. I continue to be astounded that there is not more public outrage over this. People get more excited over a service charge on their ATM card. Both political parties are missing the opportunity of a generation to brand themselves as the champion of individual investors, all 100 million and growing of us. Guess it's more important to maintain stability on Wall Street.