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Iamon lyme: Correction: Obama falsely accused him, not charged him. But he WAS charged and arrested as a result of that accusation. A false accusation leading to a criminal charge and arrest is itself a crime.
But as we saw with Bill Clinton, it's not always easy to go after the top dog... Clinton got away with doing and saying things anyone else would have gone to jail for doing (or saying). Lying before a grand jury, insider trading (cattle futures payed off handsomely for those in the know)... too many misdeeds for me to get into, but I guess the point here is as Mel Brooks once said... "It's good to be the king."