Obama will clean up Wallstreet right???? He did promised to

[Vel]

He can't do it all alone...

Always an excuse. You obviously don't understand what leadership means.

 

[Remodeling Maidiac]

He can't do it all alone...

Always an excuse. You obviously don't understand what leadership means.

Bots don't understand leadership. All they know is how to read talking points. They would make good parrots

 

[KissMy]

Obama let Wallstreet criminals off the hook. Even his criminal buddy Jon Corzine gets a free pass because he donated to Obama's campaign.

Too late for NY prosecution in securities meltdown

While New York Attorney General Eric Schneiderman alleges massive fraud in mortgage-backed securities in a lawsuit filed this week, he's not criminally prosecuting anyone.

Described as a template for more lawsuits to follow, the move signals that Wall Street players won't face state prison for packaging and selling the troubled investments that nearly brought the U.S. economy to its knees. The felony statute of limitations under New York's Martin Act against securities fraud is five years, so it's too late to bring a criminal case.

The civil suit claims misconduct by Bear Stearns & Co. in 2006-2007 cost investors $22.5 billion in losses and left them holding an additional $30 billion in bad loans. The suit filed Monday names Bear Stearns successor JP Morgan Chase, which says it will contest the allegations.

"The statute of limitations is an issue we expect to be in dispute in the litigation," Schneiderman said in describing the civil suit, noting that even then, it's six years under the Martin Act. That also puts pressure on his office to bring cases soon against other investment banks for actions that led to the 2008 market crash.

 

[Sinjorri]

He can't do it all alone...

now the excuses fly, none for bush but obama gets them.

 

[KissMy]

Trump is going to deregulate Wall-street again so they can cause another Bubble & Great Recession & Greater DEBT!

Thump is going to make Wall-Street Bank CEO Jamie Dimon the US Treasury Secretary!