More of the same: now it's Morgan Stanley turn to get a slap on the wrist for committing fraud

This time it's Morgan Stanley getting the slap on the wrist for robo signing and foreclosure-related fraud.

(MoneyWatch) The Federal Reserve plans to fine Morgan Stanley (MS) over "a pattern of misconduct and negligence" in how the investment bank handles foreclosures. The Fed also ordered the company to review thousands of foreclosures and reimburse homeowners who were improperly forced out of their homes.

Add Morgan Stanley to a long list of financial sector fraudsters that include Goldman, JP Morgan, BofA and many, many, more.

If you or I would have done anything remotely approaching that, they'd lock us up and throw away the key. However, the entire financial sector goes on the mother of all fraud sprees and nobody goes to jail. Oh, wait, Corzine will probably end up going to jail because of how masterfully he was "played" by JP Morgan Chief, Jamie Dimon.