Meanwhile, the justice system couldn't give two shits about prosecuting bankers for predatory loan practiced or curtailing insider trading among congress critters.
Two things: One, the predatory lending practices and other shady shit that wall street did prior to the financial collapse was for the most part perfectly legal. That was the problem, and we don't do ex-post-facto laws around here. AFAIK, in the cases where there were illegal actions, investigations are ongoing (also, congress managed to change the laws for next time. See Dodd-Frank).
Secondly, the justice department has no control over insider trading in congress. Again, that's a legal activity which some congressional members are trying to make illegal by passing a bill. Separation of powers, my friend.
It would be fun to see U.S. threaten China about blacklisting them. Oh, wait, they can't because U.S. is so dependent on China that it would hurt U.S. more than it would hurt China.
Surprise, China is already on the Priority Watch List in the "Special 301" report: http://www.ustr.gov/webfm_send/2849
Other nations you may have heard of that are already on this list include: Canada, India, Israel, and Pakistan.
Being named in this list, as the ambassador suggested might happen to Spain, does not mean that the U.S. is starting some kind of trade blockade or economic war with Spain.
Does the Sinde law sound bad? Yes. But the ultimate responsibility and/or blame lies with the Spanish government. Insinuating that the only reason the law was created and passed is that the U.S. threatened Spain with an act of war is silly hyperbole.
All great discoveries are made by mistake. -- Young