Skip to comments.Federal judge asks: Why havenít any top executives been prosecuted for financial crisis? [link only]
Posted on 01/02/2014 7:30:18 PM PST by grundle
Then they all had a hearty laugh!
Better question. Why hasn’t Barney Frank been arrested?
Start with Barney Fwank.
Perhaps there were no crimes committed.
I agree! why hasn’t anyone prosecuted Obama yet !?!
He’s the nations chief executive, is he not?
Is that his job?
The Republic needs a complete reboot and that includes throwing out every federal judge and not allowing any of them to hold a federal judgeship ever again. Worthless bastards ought to be made to all ride the circuit and I mean on horses like every one of them including supreme court justices did in the beginning. They need a dose of reality.
Why has no one in Congress, White House or the bureaucracy been charged??
That’s funny because I’ve been asking myself why haven’t any Federal “judges” been prosecuted for their disregard of the U.S. Constitution and the Bill of Rights, legislating from the bench and their political activism. Our “judicial system” is very anti-Caucasian and anti-American! Stalin and Hitler would be proud though.
Why hasn’t our Chief Executive Officer (POTUS) been prosecuted?
The answer is in the first paragraph of the article...the statute of limitations has tolled in most if not all of these cases. And if it hadn’t, then this judge would be accused of all manner of dirty deeds and most of the subject cases would be near-certain mistrials.
Besides, we like and need our bankster masters.
Kudos to this Judge and many of us here have asked the same thing over and over.
There is an answer though - You have to begin at the top and that would be the Freddie/Fannie execs who cooked the books and lied to congress to preserve there mega-bonuses prior to the collapse. Many of them were diehard Clintonistas and elite progressives so they had top-cover. The statute of limitations is now expired on this stuff.... Issa missed his chance for a most meaningful series of hearings and one can only conclude they are all in on it.
Enron costs the public very little people went to jail - Fannie/Freddie cost our nation trillions and nobody went to jail. Go figure.
The banks would also have an interesting defense that they were only doing what congress and the DOJ demanded they do - increase diversity in their portfolios regardless of the ability of the loan recipient to pay. The banks gave the politicians enough sugar to be able to originate the loan making a bit of money and then dump the bundled crap on the government supported entities. Pretty soon, everyone to include Freddie/Fannie began to package this crap as mortgage backed investment instruments and the Feds/congress/bankers told the whole world how shiny these turds were and they were backed by the full faith and credit of the U.S. and the rest is history.
If you think I am wrong, why did the Fed give so much of TARP to foreign banks? Hint - look at how heavily they were invested in our mortgage backed securities.
No record of it!...lol
Countrywide Chris Dodd will be the last politician who is ousted. And he wasn't prosecuted, he just declined to run again.
I'm still waiting for Sarbanes-Oxley charges to be filed against Jon Corzine.
No question about it.
IMO, the 'Rats also intentionally engineered the crisis -- as part of a plan to "transform" America into a Euro-style Nanny State.
Oh there were crimes committed, of that you can be sure. Just for starters, S&P and the other rating agencies marking piles of mortgages as AAA so the brokers could get top dollar when they sold "Mortgage Backed Securities" on the open market. A 44 year old undocumented strawberry picker with an income of $19,000 in his best year, got a $725,000 mortgage in California and it was rated AAA. This story was repeated countless times. Standard and Poors rated truckloads of these, and that amounts to fraud on the unsuspecting buyers and their insurers.
I could go on and on but I like short posts. Google Fanny and Freddy and look at their part in the meltdown. If Justice was truly blind, there would have been nightly perp walks for years.
because it was congress’s fault?
@ Post 18. You get it. FRegards!
The sale of those mortgage backed derivatives should never have been permitted, but there was no law against them that I know of.
There have probably been more people adversely affected by small businesses that fail - so why haven’t owners of failed small businesses been prosecuted! (Okay, just in case - SARCASM)!
When the dam breaks on that one, I predict there will be a flood of gigantic proportions.
Of course, those associated with or close to his murky past have a nasty tendency to wind up dead.
What few remain should be looking over their shoulders.
And going public as soon as possible.
“If Justice was truly blind, there would have been nightly perp walks for years.”
There is no law against selling MBS, and as far as I'm concerned there shouldn't be, but fraudulently marking them up to hide the true risk to the buyer is against the law. That law was broken and no one was charged. Why?
Why haven’t Barney Frank, Chris Dodd, Charlie Rangle, et al been prosecuted also?
We have been paying hundreds of billions for border security we never received...
Who was made responsible?
Who was made to pay?
Who was made accountable?
Who was held accountable for the tens of hundreds of thousands of foreigners allowed to flood into the U.S., when half our population is unemployed or underemployed?
And Chris Dodd!
Because they can all point their fingers right back at the federal government, starting with Barney Frank, Franklin Raines and Jamie Gorelick.
Who, like John Corzine? The current DOJ will never take down a democrat hack and/or patron.
The Fed didn't do TARP, that was the Treasury.
What foreign banks got TARP money? You have a list?
Good luck prosecuting the President and the Democrat party.
That’s a start. Few talk about how European banks ended up a good bit of our toxic mortgage backed securities that destabilized them when the housing market crashed - they were AAA rated by our financial leaders. The affirmative action bubble bonanza was poised to take down lots of banks here and abroad so the banksters that promised them the junk we sold them were good as gold stepped up and found them dollars to cover the losses.
By the way - the Fed owns the Treasury. They have an incestuous relationship and even though they are two entities on paper it is obvious that the Fed Chairman carries the big stick.
Add Allan Greenspan to this list.
A start to what? TARP was the Treasury, not the Fed.
If you think foreign banks got TARP money, post your proof.
Few talk about how European banks ended up a good bit of our toxic mortgage backed securities that destabilized them when the housing market crashed
Those banks also had plenty of their own, home grown toxic mortgages.
Flip that around.
They knew the economy would crash in 2008 and conspired to blame Bush. That is a fact. And, it worked. And that leads me to believe that they Dems know the economy is due for a major crash, now.
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