Are 'Too Big to Fail' Bankers Running or Ruining Wall Street?

When it comes to naming names and actually holding people accountable for wrongdoings at Wall Street firms, charges are rare. So it caught many by surprise when U.S. regulators charged a former S&P executive, Barbara Duka for misleading investors. She's now suing back and already working at Arbor Commercial Mortgage, doing similar work. TheStreet Foundation's Susan Antilla says 'securities regulators often use a soft touch in enforcement proceedings.' Antilla cites the canceled IPO of Toys R Us in 2010 as an example of banking gone wrong. Ten firms settled with a fine that totaled $43.5 million for pitching favorable rating for the IPO business. The firms included Barclays (BCS), Citigroup (C), Credit Suisse (CS), Goldman Sachs (GS), JPMorgan (JPM), Deutsche Bank (DB), Merrill Lynch (BAC), Morgan Stanely (MS), Wells Fargo (WFC), Needman.