As Matt Taibbi said, they are the unjailables. The US system of justice becomes more of a sad joke by the year. Torture? No problem. Invade a country based on lies and kill 100,000? Things happen. Spy on American citizens and then continue the program from one administration to the next? It’s fine. Trigger a global economic meltdown causing the loss of trillions plus millions of jobs? For gosh sakes, don’t worry about it. Justice usually only works if it’s the elite screwing everyone else. What a pathetic system of justice.

Federal prosecutors have ended a criminal investigation of Countrywide Financial Corp. co-founder Angelo Mozilo, a person close to the investigation said Friday. The federal official told The Associated Press that the probe launched in 2008 into the actions of the former chief executive of the housing giant during the mortgage meltdown has been closed with no indictments. The person spoke on the condition of anonymity because the investigation was never publicly announced, and the Department of Justice as a policy does not announce the closing of investigations. In October, Mozilo agreed to a $67.5 million settlement to avoid civil trial on fraud and insider trading charges brought by the Securities and Exchange Commission, but prosecutors pursuing the criminal case against him found that his actions did not amount to crimes.

And as you may recall, a substantial portion of the $67.5 million dollar settlement was funded by Bank of America and not out of Mozilo’s pocket. Bank of America has been one of the biggest government welfare queens in the banking business, which means the taxpayers funded much of this.