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A Jobless Recovery?

CAMBRIDGE – Who will suffer the longest and the most from the implosion in 2008-2009 of Wall Street and the ensuing world recession?

Not the bankers and financiers who created the disaster. Some financiers, like Bernard Madoff, will go to prison for fraud. But, although Madoff was only the tip of the iceberg of rampant financial malfeasance, most suspect financiers need not fear arrest, either because their behavior merely skirted the law, or because financial impropriety more subtle than outright fraud is often difficult to prove.