Inequalities, Fraud and Caste Punishments: An American Saga

Abstract

What is the nature of equality under the law? How should someone be treated who has created a confusion and caused people to lose millions as opposed to someone who cheats others of goods or services by deception? What is the difference in intent when one person executes a fraud on an- other but the value of that fraud is in billions of dollars as opposed to one carried out that has the value of hundreds or thousands of dollars? There appears to be a wall in our society between those crimes that are defined as such and those acts where are deceptive but cheat others of their property. An examination of this phenomenon provides an insight into the special caste people in the financial world have created for themselves. Banks claim that regulation of the Dodd-Frank legislation is ruining the financial system. The implication is that banks and bankers are exempt from fraud.