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Federal judge asks: Why havenít any top executives been prosecuted for financial crisis? [link only]
Raw Story [link only] | January 2, 2014 | Travis Gettys

Posted on 01/02/2014 7:30:18 PM PST by grundle

link only:

http://www.rawstory.com/rs/2014/01/02/federal-judge-asks-why-havent-any-top-executives-been-prosecuted-for-financial-crisis/


TOPICS: Miscellaneous
KEYWORDS: barackobama; obama

1 posted on 01/02/2014 7:30:18 PM PST by grundle
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To: grundle

Then they all had a hearty laugh!


2 posted on 01/02/2014 7:30:59 PM PST by 2ndDivisionVet (A courageous man finds a way, an ordinary man finds an excuse.)
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To: grundle

Better question. Why hasn’t Barney Frank been arrested?


3 posted on 01/02/2014 7:31:18 PM PST by Viennacon
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To: grundle

Start with Barney Fwank.


4 posted on 01/02/2014 7:31:30 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: grundle

Perhaps there were no crimes committed.


5 posted on 01/02/2014 7:32:17 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: grundle

I agree! why hasn’t anyone prosecuted Obama yet !?!

He’s the nations chief executive, is he not?


6 posted on 01/02/2014 7:33:00 PM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: grundle

Is that his job?


7 posted on 01/02/2014 7:33:07 PM PST by sickoflibs (Obama : 'If you like your Doctor you can keep him, PERIOD! Don't believe the GOPs warnings')
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To: grundle

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.


8 posted on 01/02/2014 7:33:35 PM PST by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: grundle

Why has no one in Congress, White House or the bureaucracy been charged??


9 posted on 01/02/2014 7:34:46 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: grundle

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.


10 posted on 01/02/2014 7:37:34 PM PST by FlingWingFlyer (The Truth Is Out There. Just don't let anyone know that you're looking for it.)
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To: grundle
maybe because Congress is equally responsible, especially Senator Dodd and Congressman Frank. Democrats controlled both houses the last two years of the Bush presidency and he went to them something like 17 times trying to make changes in the law that he thought would avert the crisis. The Democrats obviously wanted the financial crisis.
11 posted on 01/02/2014 7:37:45 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: grundle

Why hasn’t our Chief Executive Officer (POTUS) been prosecuted?


12 posted on 01/02/2014 7:38:14 PM PST by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: grundle

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.


13 posted on 01/02/2014 7:40:58 PM PST by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
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To: grundle

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.


14 posted on 01/02/2014 7:41:27 PM PST by volunbeer
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To: elpadre
Shuuush!

No record of it!...lol

http://www.youtube.com/watch?v=Yga7TlsA-1A&gl=CO&hl=es-419

15 posted on 01/02/2014 7:42:28 PM PST by M-cubed
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To: grundle
Because behind every executive is a slimy politician? Exposing the executive exposes the politician?

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.

-PJ

16 posted on 01/02/2014 7:43:04 PM PST by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: elpadre
The Democrats obviously wanted the financial crisis.

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.

17 posted on 01/02/2014 7:45:56 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: BenLurkin
Perhaps there were no crimes committed.

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.

18 posted on 01/02/2014 7:49:45 PM PST by Wingy
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To: grundle

because it was congress’s fault?


19 posted on 01/02/2014 7:51:42 PM PST by jyro (French-like Democrats wave the white flag of surrender while we are winning)
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To: Wingy

@ Post 18. You get it. FRegards!


20 posted on 01/02/2014 7:59:45 PM PST by volunbeer
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To: Wingy

The sale of those mortgage backed derivatives should never have been permitted, but there was no law against them that I know of.


21 posted on 01/02/2014 8:00:49 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: grundle

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)!


22 posted on 01/02/2014 8:03:00 PM PST by zencycler
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To: TexasFreeper2009

Yep.

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.


23 posted on 01/02/2014 8:03:13 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: grundle

24 posted on 01/02/2014 8:08:14 PM PST by Vince Ferrer
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To: Wingy

“If Justice was truly blind, there would have been nightly perp walks for years.”

Bingo.


25 posted on 01/02/2014 8:14:03 PM PST by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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To: BenLurkin
The sale of those mortgage backed derivatives should never have been permitted, but there was no law against them that I know of.

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?

26 posted on 01/02/2014 8:23:44 PM PST by Wingy
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To: grundle

Why haven’t Barney Frank, Chris Dodd, Charlie Rangle, et al been prosecuted also?


27 posted on 01/02/2014 8:23:45 PM PST by BwanaNdege (Those who make peaceful revolution impossible will make violent revolution inevitable. J.F. Kennedy)
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To: grundle
Who let AIG off the hook?

Jaime Gorelick?

28 posted on 01/02/2014 8:33:29 PM PST by Paladin2
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To: grundle

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?


29 posted on 01/02/2014 8:50:13 PM PST by dragnet2 (Diversion and evastion are tools of deceit)
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To: grundle

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?


30 posted on 01/02/2014 8:52:25 PM PST by dragnet2 (Diversion and evastion are tools of deceit)
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To: Wingy; BenLurkin
The risks were there for the buyers to see, in the prospecti and the footnotes to the banks' financial statements.

Goldman Sachs was hauled before Congress for a MBS it had sold, when the buyers themselves weren't suing them for it. And it had nothing to do with the financial meltdown.

What there was was a bubble economy and concentration of investment risk on U.S. home prices, which grew out of whack in relation to household income.
31 posted on 01/02/2014 9:13:58 PM PST by kenavi (Debunk THIS!)
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To: Viennacon

And Chris Dodd!


32 posted on 01/02/2014 9:19:40 PM PST by Taxman (So that the beautiful pressure does not diminish!)
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To: grundle

Because they can all point their fingers right back at the federal government, starting with Barney Frank, Franklin Raines and Jamie Gorelick.


33 posted on 01/02/2014 9:32:19 PM PST by kaehurowing
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To: grundle

Who, like John Corzine? The current DOJ will never take down a democrat hack and/or patron.


34 posted on 01/02/2014 9:40:54 PM PST by Go Gordon (Barack McGreevey Obama)
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To: volunbeer
If you think I am wrong, why did the Fed give so much of TARP to foreign banks?

The Fed didn't do TARP, that was the Treasury.

What foreign banks got TARP money? You have a list?

35 posted on 01/02/2014 9:48:02 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: grundle

Good luck prosecuting the President and the Democrat party.


36 posted on 01/02/2014 9:53:46 PM PST by <1/1,000,000th%
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To: Toddsterpatriot

http://www.zerohedge.com/article/meet-35-foreign-banks-got-bailed-out-fed-and-just-cpff-banks

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

http://money.cnn.com/news/storysupplement/economy/bailouttracker/

http://www.zerohedge.com/article/exclusive-feds-600-billion-stealth-bailout-foreign-banks-continues-expense-domestic-economy-

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.


37 posted on 01/02/2014 10:36:41 PM PST by volunbeer
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To: Toddsterpatriot

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.


38 posted on 01/02/2014 10:39:55 PM PST by volunbeer
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To: Oldeconomybuyer

Add Allan Greenspan to this list.


39 posted on 01/02/2014 11:36:44 PM PST by Steelfish (ui)
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To: volunbeer
That’s a start.

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.

40 posted on 01/03/2014 7:12:49 AM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: volunbeer
By the way - the Fed owns the Treasury.

Flip that around.

41 posted on 01/03/2014 7:13:40 AM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: elpadre
The Democrats obviously wanted the financial crisis.

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.

42 posted on 01/03/2014 7:51:05 AM PST by VRW Conspirator ( 2+2 = V)
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