Today, as the bankers now openly confess to a single act of fraud that they themselves estimate is roughly $350 trillion in scope, well over 90% of all crime in the world (by dollar value) is now white-collar crime. Meanwhile, we just had 25% of Wall Street executives confess that crime was a way of life in banking (and presumably the other 75% were lying). In short, never in all of human history has white-collar crime required such maximum deterrence. I suggest to all these thieves they not only study their history books but (for those based in the U.S.) they also take a glance toward Death Row, and contemplate what "maximum deterrence" means in the 21st century U.S.A. This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.