Skip to comments.Obama's 'Untouchables:' How The Most Powerful Wall Street Execs Escaped Prosecution
Posted on 01/23/2013 8:50:40 AM PST by SeekAndFind
PBS' Frontline program on Tuesday night broadcast a new one-hour report on one of the greatest and most shameful failings of the Obama administration: the lack of even a single arrest or prosecution of any senior Wall Street banker for the systemic fraud that precipitated the 2008 financial crisis: a crisis from which millions of people around the world are still suffering.
What this program particularly demonstrated was that the Obama justice department, in particular the Chief of its Criminal Division, Lanny Breuer, never even tried to hold the high-level criminals accountable.
What Obama justice officials did instead is exactly what they did in the face of high-level Bush era crimes of torture and warrantless eavesdropping: namely, acted to protect the most powerful factions in the society in the face of overwhelming evidence of serious criminality. Indeed, financial elites were not only vested with impunity for their fraud, but thrived as a result of it, even as ordinary Americans continue to suffer the effects of that crisis.
Worst of all, Obama justice officials both shielded and feted these Wall Street oligarchs (who, just by the way, overwhelmingly supported Obama's 2008 presidential campaign) as they simultaneously prosecuted and imprisoned powerless Americans for far more trivial transgressions.
As Harvard law professor Larry Lessig put it two weeks ago when expressing anger over the DOJ's persecution of Aaron Swartz: "we live in a world where the architects of the financial crisis regularly dine at the White House."
(Excerpt) Read more at businessinsider.com ...
Simple....two words, actually three: Campaign Contributions and Kickbacks.....
Reagan was the last Pres to hold any Wall Street crooks somewhat accountable.
There is no GOP outrage against financial malfeasance today.
Face it - the Current Regime now occupying the kWhite Hut is a criminal enterprise.
On so many levels.
Face it - the Current Regime now occupying the White Hut is a criminal enterprise.
On so many levels.
Any trials would have lead to disclosure of the complicity of politicians and bureaucrats with the fraud. After all, Fannie and Freddie and the FHA were busy buying lots of these loans and then issuing CDO’s. The Govt knew that these securities were suspect..they wrote the rules that allowed them.
Believe it. Although that would be giving the Mafia a bad name. I prefer to think of it as Obama is King Pimp from the MacDaddy Pimp and Gang Ball who has won the prize (again).
I remember some of the Enron people going to prison.
Looking for the wrong crooks. While big bankers hold some culpability for the financial crisis, the biggest criminals responsible are Bill Clinton, Andrew Cuomo, and Janet Reno. Greenwald and the other cluck are both bigtime leftists who’d likd nothing more than to divert the public’s gaze away from the real chief perpetrators to Obama’s Wall Street cronies who were second-tier crooks compared to Slick Willy and his pals.
Jon Corzine should spend the rest of his natural life in prison for stealing $1.6-billion in customer-segregated funds.
Or blowing their brains out or euthanizing themselves.
Face it - the federal government has become a criminal enterprise!!!
He was the first one I thought about. Since Obammma got re-elected, the statute of limitations will run out and he’ll walk free instead of hang freely.
Full disclosure. Ain’t nobody ever going to do a day in jail.
Did anyone really expect the bankers to be put on trial?
Saw the broadcast last night on PBS. No mention of Fannie Mae or Freddie Mac nor of Chris Dodd or Barney Frank. And Lanny Breuer works for Eric Holder who works for Obama. The same characters that are involved in Fast & Furious.
“we live in a world where the architects of the financial crisis regularly dine at the White House.”
Obama&Co have proved that to be true.
WALL STREET PROSECUTIONS UNDER OBAMA: ZILCH
In Financial Crisis, No Prosecutions Of Top Figures
Gun prosecutions under Obama down more than 45 percent
too busy redistributin’ out thar.
It was a good program. That DoJ attorney Lanny Breuer is a joke. After all of that evidence, still not enough to take to a jury? Give me a break. Obvious that the Admin told him to stop the investigation. Odd that Sen. Kaufman and Phil Angelides actually came off looking good.
Which was Bush’s Justice Dept doing the prosecuting, just to be clear.
reminds me of the famous Charlie Rangel pose, minus the babe.
I wish to remain silent on the grounds that I might say something incriminating.
...Senate’s second-highest ranking Democrat, Dick Durbin, admitted in 2009: The banks “frankly own the place.”
... Former banking regulator and current securities Professor Bill Black told Bill Moyers in 2009 that “Timothy Geithner, the Secretary of the Treasury, and others in the administration, with the banks, are engaged in a cover up to keep us from knowing what went wrong.”
re Larry Lessig
Young Mr. Swarz killed himself, not because of fat cat banksters going un-punished, but because he fell victim to government power.
In fact, an example of government power, that demonstrates why we need to be prepared to protect ourselves from government power.
Prof. Lessig sort of mentions that Mr. Swarz faced a daunting task of defending himself, BECAUSE THE GOVERNMENT WAS PILING ON CHARGES THAT DID NOT PERTAIN, a bad habit of government, the nature of prosecuting attorneys and judges corrupted by their power, the very reason why we need to force government to adhere to DUE PROCESS because otherwise government more simply buries you.
The point is, that in this time when so-called “enlightened” liberals are decrying anybody’s observation of history and life, THAT WE MUST PROTECT OURSELVES FROM THE NATURE OF GOVERNMENT, FROM BAD GOVERNMENT, FROM ABUSES BY GOVERNMENT, AND BY A LARGE ASSORTMENT OF BAD GOVERNMENT AGENTS OF MANY TYPES ... the liberals neatly ignore the last decades of their many cries FOR DUE PROCESS for the very same reasons: we must have numerous protections from government.
DUE PROCESS and “the three branches of government” and the assurances from “enlightened” arrogators who state that “the Second Amendment is irrelevant” *and so presumeably we are to rely upon the condolences of the big egos of socialism ... as all we need to defend ourselves?!
We are to be happy that the socialist government will provide a funeral? Making room for a job applicant. You’re dead, and “So what?!” says Hillary Clinton!
Self defense, our right to keep and bear Arms, our right to worship God, being safe in our homes, having just about any right affirmed by the Bill of Rights ... THESE ARE ALL NOW “IRRELEVANT AND ‘OVER THE TOP’.”
Because the arrogant liberal’s vanity “knows better.”
Our safety should be in the hands of the liberals who look at the holocaust and deem it irrelevant, an aberration by government, merely an anti-semitic event and no chance that the nature of government power had anything to do with it.
In other words, Hitler was right, except where he was anti-semitic?! According to the “enlightened” liberal professors for nationalizing socialism and fascist-command economics and police statism?!
So remember, please, that young Mr. Swarz did not end his life because banksters are living it up. He ended his life, because he could not see any hope of defending himself against the ridiculous OVER-CHARGING by the prosecution who were attempting to elevate his crimes to being punishable by decades in prison.
The government was trying to MAKE AN EXAMPLE OF AARON SWARZ.
The government will often try to do that, and especially wield its power over the smallest and most ordinary people of a society ... when that government “enjoys” un-check police powers.
The liberals who fail to equate the loss of our Bill of Rights with the loss of due process, are hell bent.
Every sad story and statistic henceforth, upon The Continued Rape of The Bill of Rights by Socialists, they will blame on economics ... instead of the nature of government.
It was against the nature of government, that our *natural rights* including the right to keep and bear Arms for our defense, were affirmed in the Bill of Rights.
The nature of government is not irrelevant.
The Congressional midterms are coming up. We have to hoist Obama on his own petard. We’ve got to break the media on its own bias.
“This is the most corrupt Presidency in American history” must be our theme. The drips must become a torrent.
The OWS and 99%er attacks against wealth are typical communist attacks against wealth creation.
We must distinguish between market entrepreneurs and political entrepreneurs. Show no mercy or quarter for the latter, but honor and nurture the former.