Ralph cioffi bear stearns

It has seemed throughout this Wall Street debacle that the most powerful have eluded disgrace. John Thain, whose problems at Merrill Lynch were not limited to a $68,000 credenza, was put in charge of the giant lender CIT this February, for example. A month later, Jon Corzine, pushed out of Goldman Sachs, was made CEO of a brokerage. And last week, Robert Rubin, whose years at the Treasury and then Citigroup made him a symbol of deregulation and excess, and whose affair with a former trader was detailed this spring on the Huffington Post, announced his new investment-bank job. Even Steven Rattner, the private-equity guru caught in New York St

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