More theater, more injustice, more kickbacks. We demand Mary Schapiro's immediate resignation for gross dereliction of assigned duty. From WSJ:

In a statement Monday, the SEC said it didn't find evidence that individuals at the Charlotte, N.C., bank executives deliberately concealed information from Bank of America's lawyers or that internal or outside counsel intentionally sought to mislead shareholders.

"For these reasons, the SEC's proposed complaint does not seek charges against any individual officers, directors or attorneys," according to the statement. "SEC staff has advised the Commission that, after a careful assessment of the evidence and all of the relevant circumstances, it has determined that charges against individuals for their roles in connection with proxy disclosure are not appropriate."