• Question: ... How do you account for the fact that hundreds went to jail in the previous banking scandal in the '80s and no one has gone to jail here?

• Sheila Bair: I don't know. I think it's a combination of things. I think the line between fraud and just cluelessness or looking the other way -- it's sometimes hard to figure out where to draw that line.

pbs.org/wgbh/pages/frontline/oral-history/financial-crisis/sheila-bair/