Some of those things have been for things that weren't even illegal. The dance between Wall St and regulators is a delicate one, and shouldn't really be viewed in the same way as your everyday civil case.
They also probably haven't been fined for things that actually should be illegal, just because it's hard to write regulation that captures otherwise obvious ill-intent.
I honestly will never understand this kind of apologia.
I honestly will never understand this kind of apologia.