Here’s a Question I’ve Been Asking Myself….

An article in the Rolling Stones asks Why Isn’t Wall Street in Jail? This is a question I’ve asked myself. If a nonpolitically-connected person had done such egregious crimes, they’d be looking at a life sentence. People that tried to do their jobs and investigate actual crimes were fired. I think that we’re going to have to get rid of the whole stinking mess in Washington before this gets better.


6 Responses so far »

  1. 1

    kcduffy said,

    I can’t say I disagree with that point. The moneyed and politically connected always have the advantage over the average Joe and Jane. Thing is, the apppointed and elected are only the part of the problem we can SEE. The cubicle-dwellers that draw a Government paycheck, division heads and ‘section leaders,’ are the ones who enforce or refuse to enforce the laws and rules on all those who serve under them – not OVER them. Firing is nearly unheard of – TRANSFER is the order of the day.

  2. 2

    no2liberals said,

    You first have to consider the source, Swampie. I mean…Rolling Stone?
    Picking a target for what has happened to our economy should begins and end with D.C.
    Why did banks create all of the financial derivatives, such as credit default swaps in the first place? Because of ridiculous laws that meddled with free markets, the Community Revitalization Act. Banks were forced to make unsound loans or face government sanctions, so to protect themselves from losses, they started bundling those loans and selling them off as fast as they could. Buying one of those bundled assets was like being served a salad, with the knowledge that under some of those pieces of lettuce was something toxic.
    Blame the government first, and their many worthless teat sucking bureaucrats, such as the high level execs at the SEC that were downloading porn instead of doing their $222,000 a year(plus bennies and perqs) jobs.

  3. 5

    ligneus said,

    It’s all one vast criminal enterprise.

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