Matt Taibbi thinks so. William K. Black thinks so. So does every American with half a brain.
I truly believe that our criminal justice system is so compromised and broken, that economically we are circling the drain. Taibbi's piece: http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817?link=mostpopular3
A good piece (abstract/summary) from Black: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1590447
The head of all law enforcement at the Federal level is the executive branch. The duty to enforce the law falls on the President. The Commander in Chief. What happens when he is clearly in bed with the criminals?
You tell me. It's all a little unprecedented at this point.