Why Isn't Wall Street in Jail?

Matt Taibbi plumbs the depths of Wall Street and Washington corruption. Long, but as usual worth reading all the way through. The U.S. is not quite yet a banana republic but it's getting too close for my comfort. What has the world come to when China is the leader in innovation, Russia wins the space race by default, and Egypt sets the standard for government of the people, by the people and for the people?