What the "bankers" are failing to understand is that we don't care if their crony buddies who make the laws agree whether or not their actions are legal and justifiable. Even in the US the people are fully aware of governmental insider trading. The guys who make the laws are bought and paid for as a part of daily business operations and willingly vote down laws to prevent it, even though the people called for it. Hildebrand starts off saying that he feels he broke no legal limits but that he realizes "the general public is also expressing a moral concern". The moral here is that even though he committed what may be viewed as unethical, his treatment is far different then we might experience if it were a hedge fund manager. The word bubble ought to lend a visual aid.
