
I can see your point Lou. Overall it seems like the serialized story is taking more of a back seat when you look at the overall season (comparing say the first season to this season).
It may not have generated any emotional interest, but I think it severed its purpose. They needed a case that would add some tension to the Jesse wants to kill Michael aspect. It allowed for a bigger part for Michael's mom to deliver the "don't kill my son for at least a few days" speech. She wouldn't have done that for a swindled stock broker. It also created a little more tension due to the added pressure on Michael to get this one done while avoiding Jesse, and gave Fee and his mom a more plausible reason to be a bit more forgiving of Michael.
Like it or not I think it was a good caper as it allowed for a lot of good cast interactions.
Actually I think the kidnapping caper seriously suffered because of the overriding story arc because of a shorter time allowed plus the distractions. The caper was interesting but felt very shoehorned and not fleshed out properly.

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