New Economic Perspectives has the article We Send Teachers to Prison for Rigging the Numbers, Why Not Bankers? The article is by William K. Black

Any reader familiar with my work should be running over in their mind Citigroup’s vastly larger cheating frauds that senior managers produced by using exactly the same tactics to produce hundreds of billions of dollars in fraud.

How did people become suspicious and decide to conduct a real investigation?  They realized that the reported results were too good to be true.  That too is directly parallel to Citi, where massive purchases of “liar’s” loans known to be 90% fraudulent supposedly led to massive profits.

I was thrilled to see this article. Yesterday I made the connection, in the post Net neutrality emails raise suspicions, between the teachers’ conviction and the fraud perpetrated by Koch’s organizations to defraud Congress.  The Koch’s groups’ fraud used a flood of phoney emails on net neutrality to try to convince Congress people that the public is against net neutrality.  It is about time the elite were held to the same standards of honesty that the rest of us must adhere to.

Notice also the tendency of the media to hold public employees to much higher standards than private employees, all the while saying that we need to run government more like a business.  In his article, William K. Black pointed out the irony of this position favoring the techniques of private enterprise.  That is exactly how we got into this mess with the  teachers.