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On Saturday, Federal Reserve Governor Daniel Tarullo told an audience at the Institute of International Finance that recent banking scandals cannot be chalked up to just a few bad actors. Tarullo said that the recent slate of scandals, from mortgage-backed securities fraud to Libor manipulation, isn't the result of random criminals. Instead, Tarullo cited a fundamental problem on Wall Street with the structure of incentives and managerial expectations. Of course, this isn't news to Money Morningreaders. Our Capital Wave Strategist Shah Gilani, has been exposing the problems with banking incentives and culture for years, including his latest investigation into secret tapes that reveal Goldman Sachs' (NYSE: GS) ability to skirt oversight from its regulators.