Then criminal investigations and prosecutions should begin and leave no stone unturned regardless of office or wealth. I am for everyone living under the same laws. I don't do special rights.
Punishment for corrupt watchdogs should be more severe than that of the criminals. You cannot afford permissiveness in this.
No. The DNC has been taken over by the revolutionaries who are trying to rob wall street. It's possible this could end that party in the next 3 elections if they can't succeed in creating a fascist state by then enslaving wall street. But if they fail it, the dems are done for, because wall street will never trust them again.
But that aside, that's why you want 100% transparent money reporting for all politics.
Why haven't the revolutionaries in the DNC turned Eliot Spitzger loose on Wall Street? About 1500 bankers went to prison after the Savings and Loan scandal -- so far not a single banker has even been charged with securities fraud from our latest Wall Street crime wave.
I agree with you here. The SEC was asleep at the switch or watching porn, literally. Moodys and Dun & Bradstreet, Fitch have never been called to account for the ratings they employed ala MBS's etc.
Same with the Department of Mines Minerals and Energy, that helped get us to the BP disaster, there is no accountability anymore it appears.
Quis custodiet ipsos custodes? We can't, its just to big...............
"It makes no sense to talk about this country’s political economic system (as conservatives do) as if there’s a sovereign 'government' on one side of the equation, and victimized 'business' on the other.
"Washington is increasingly controlled by the very same people who own Wall Street, so any attempts to separate the two are impossible, undesirable, and manipulative.
"Some examples of public-private incest further drive this point home:
"Many of the most prominent individuals in the Obama administration who are responsible for regulating Wall Street are former investment and banking executives themselves (see my previous piece: 'Larry Summers and the Jobless Recovery').
"To talk of the Obama administration as a group of raving 'Marxists' (as Glenn Beck and other statist reactionaries do) only makes sense if we recognize them as corporate socialists, committed to the redistribution of taxpayer dollars from the masses to the wealthy, privileged few.
"This basic point is lost in propaganda disseminated on right-wing radio and Fox News, and beyond the comprehension of those attacking Obama for 'taking over' the private sector."
Since the late 1970s Republicans AND Democrats have taken turns inflicting Wall Street's corporate will on America's taxpayers:
"Increasingly, members of Congress, along with most presidential candidates, are part of the corporate class.
"Most all the candidates running for president in 2008 were millionaires.
"Nearly half of the members of Congress are in the millionaires club, and many more will join their ranks when they retire from office. It makes little sense, then, to speak of 'government imposition' on business when the very officials running government are part of the same clique controlling the private economy."
If something is too big to fail, maybe it's too big to live?
"The bureaucratic-regulatory community is also increasingly subject to 'capture' by the private economy. A 'revolving door' between public and private institutions has long existed, and it is getting worse.
"A recent study by CBS News finds that nearly fifty former employees of Goldman Sachs alone have held major positions in the federal government as members of Congress, Congressional committee members and staffers, state and national Treasury Department officials, heads of non-profit government corporations, members of state and national Federal Reserves, as Presidential advisers, and as members of the Commodity Futures Trading Commission, the
Securities and Exchange Commission, and the Department of Commerce."
Possibly white collar criminals could become subject to a variation on the Three Strikes Law.
If the first conviction for stock or control fraud resulted in serving a 25 year sentence BEFORE the first parole hearing, many in our corporate class might live better lives.
Twisted Minds
Yep.
