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Quattrone trial highlights integrity crisis

The only thing worse than locking up Frank Quattrone, assuming that he is guilty, would be to let all the other scofflaws go scot-free.

    In response to the Oct. 16 Perspectives column by Charles Cooper, "Scapegoats on trial":

    Nice piece--I agree with most of it. I would only add that the only thing worse than locking up Frank Quattrone, assuming that he is guilty, would be to let all the other scofflaws go scot-free, giving other unnamed columnists endless opportunities to rail at that outcome. Perhaps another way to make your point would be to assert that the real crime would be for the criminal justice system to declare victory--if a guilty verdict were rendered on Quattrone--and revert to nailing car thieves.

    One final thought: We did not have a crisis of lax regulation, corporate governance or unworkable rules; it was a crisis of integrity, pure and simple, although everything contributed to the problem. But even though the watchdog is asleep, a junkyard hubcap thief should still go to jail--and if the little guy sits behind bars, so should the guy in the white collar.

    John Wolcott
    Darien, Conn.