If you want to know why the wall st. bigshots are above the law, think about the nature of Capitalism, namely an economy based on the idea that those with capital buy land, facilities, and tools, and hire labor to build businesses.
Such an economy ends up essentially being owned by the financier, which ends up being the lenders and the institutional investors. Banks end up too big to fail because, particularly when they have investment arms. This is one reason why building an alternate financial system is so important ;-)