Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: TurboZamboni
Pension gap divides public and private workers (2007 article but timely)

What about the division between workers, both public and private, and the Wall Street high rollers who gambled away 401ks and crashed the economy for all in 2008?

You’ll see what regular Joes are angry about.

Regular Joes are upset about ordinary people facing financial hardship or ruin, whether they're public or private employees, business owners, blue collar or white collar, young or old, black or white. What's the point of trying to pit people against each other in a zero sum game? Adjustments and "haircuts" may need to be made, but they need to be in a spirit of necessity, not a spirit of malice.

46 posted on 07/18/2013 8:05:26 PM PDT by Route797
[ Post Reply | Private Reply | To 34 | View Replies ]

To: Route797

Who really unchained Wall Street?

For all the bluster of Obama, pre- and post-2008, as well as that of Attorney General Eric Holder concerning the alleged criminal activities on Wall Street, there have been zero Wall Street prosecutions under Obama/Holder. Compare that with his predecessors Bush and Clinton:

GAI [Government Accountability Institute] details how the George W. Bush and Bill Clinton administrations both actually took down financial criminals - unlike the Obama administration. Between 2002 and 2008, for instance, GAI points out how a Bush administration task force “obtained over 1,300 corporate fraud convictions, including those of over 130 corporate vice presidents and over 200 CEOs and corporate presidents.”

“Clinton’s DOJ prosecuted over 1,800 S&L (savings and loans) executives, senior officials, and directors, and over 1,000 of them were sent to jail,” GAI adds. But, despite having “promised more of the same,” especially in the wake of the 2008 financial crisis, the Obama administration’s DOJ has not brought criminal charges against a single major Wall Street executive. The Bush and Clinton administrations’ track records on prosecuting white-collar crime, and the Obama administration’s failure to do so, Schweizer said, is “evidence that this has less to do with some sort of partisan or philosophical issue.”

Bush - 1,300 convictions;

Clinton - 1,000 convictions;

Obama - Zero attempts.

No One Will Charged With a Crime for the MF Global Collapse—finance.html?_esi=1

49 posted on 07/19/2013 5:57:21 AM PDT by TurboZamboni (Marx smelled bad & lived with his parents most his life.)
[ Post Reply | Private Reply | To 46 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson