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Sadly, because we are not a fascist nation people have to actually be proved guilty in a court of law before they can be punished for criminal activity. Had we a responsible system of financial regulation, that might have been possible.
But we don't, so we can't.
We do. This is nothing but trying to make excuses for politicians that will not do their jobs because of the massive amount of money they are gave.
The links and corrosponding links lays it all out really well but politicians simply refuse to prosecute them. Not because they can't.
It's really not the politicians fault either, it's those like yourself that will defend them.
Just thought i'd point out the lack of liberals on this thread. How is it that Wall Street is so bad under George W. Bush, but liberals can't find it within themselves to condemn the Obama Administration for the same cronyism?
Why So Few Ended Up in Jail After the Financial Crisis Since 2000, the Office of Thrift Supervision has not referred a single case of fraud to the Justice Department, according to The New York Times. The Office of the Comptroller of the Currency has referred just three cases.
Looks like it has been happening since your buddy Bush was in office.
Don't lay all of this at Obama's feet.
Since 2000, the Office of Thrift Supervision has not referred a single case of fraud to the Justice Department, according to The New York Times. The Office of the Comptroller of the Currency has referred just three cases.
That's because 800 financial executives went to prison after the savings and loan crisis of the early '90s. By 2000, most of the prosecutions had been completed.
Quote:
Originally Posted by chielgirl
Don't lay all of this at Obama's feet.
Letting Goldman Sachs off the hook IS all on Obama.
From your own link...
Quote:
"Not only have most bank execs avoided prosecution this time around, but many are still gainfully employed by the banks that ran the economy into the ground."
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