The U.S. Needs to Crack Down on White-Collar Crime
We don't need a "crackdown".  The problem with our approach to financial crimes is that it is based almost entirely on crackdowns -- splashy press releases that are supposed to deter all the thousands of other financial crimes that we lack resources to prosecute.  Sometimes this leads to injustice, e.g., see the documentary film Abacus: Small Enough to Jail.  The only bank to be prosecuted criminally for shenanigans in the subprime era.What we do need is vastly more resources for financial regulators, as well as courts.  Yes the laws and regs could also be improved, but that is a harder problem.  The easy problem is that the people doing good work to combat financial crimes only have the staffing and money to go after a small, small fraction of likely targets.  And the courts do not have what they need to handle a high volume of increasingly complex, technical subject-matter.