There has been a bit outrage about Wagoner loosing his job at GM as a condition of continued government assistance. Such as this front page headline on TPM:

WHY DOES GM'S CEO GET THE BOOT WHILE WALL STREET'S FIRMS FLY FREE?

Have we already forgotten that AIG's head had to go as part of the bailout deal?

Willumstad will lose his job at the helm of AIG, according to a person briefed on the matter, in connection with the U.S. government's $85 billion rescue package for the giant insurer.

He will be replaced by Edward Liddy, a former chief executive of the insurer Allstate Corp, said another person briefed on the matter.

Have we forgotten that the heads of both Freddie and Fannie had to go as part of helping them out.

Should more heads have rolled?

Possibly, but to claim The Street has gotten off scott- free is a conflation of facts.