On Obama's light touch with Wall Street, its important to remember that there are cases from the financial crisis in which big banks *as institutions* plead guilty to felonies, but no actual bankers were prosecuted. https://www.washingtonpost.com/politics/obama-book-biden-trump-palin/2020/11/13/36c4828a-25b8-11eb-8599-406466ad1b8e_story.html

I'm sure Obama believes this, but the experience here shows that he was not really a reformer with regard to Wall Street. Look at all of the scandals that piled up at Wells Fargo after the 2008 crisis. Banks learned they were in many ways above the law.
https://www.huffpost.com/entry/why-does-wells-fargo-still-exist_n_5b80148ee4b0729515126185

The real question on the Obama administration and Wall Street isn't whether they did too little but whether they did too much. They established a new, weaker criminal law standard and used a foreclosure relief program for homeowners to squeeze families on behalf of big banks.

This is a case where Obama's reputation as a moderate is misleading. Obama wasn't pursuing incremental change for Wall Street instead of sweeping reform. He was instead very assertive about implementing a particular economic vision. https://twitter.com/zachdcarter/status/1326909605029535751

I have no doubt that Obama was sincerely concerned about "violence to the social order," as he says. But implementing an economic program that shielded elites from from accountability did just that. https://www.huffpost.com/entry/financial-crisis-10-years-later-ben-bernanke-hank-paulson-timothy-geithner_n_5b9d7dc8e4b04d32ebf92396