The big problem is that we've been far too soft on repeat crime in this country for far, far too long.

BBC: Transcript of Nick Clegg interview

Mr Clegg said he wanted to break the "dismal cycle of repeat crime" which was reflected in the fact that 60% or more of the adults in court because of last week's disturbances had previous convictions or were known to the police.

BBC: Nick Clegg announces panel to hear from riot victims

The typical corporate crook has no prior convictions, will never again be put in a job where he can repeat the crime, and is usually a promising candidate for rehabilitation.

ECONOMIST: Corporate crime