Why isn't Wall Street in jail?

[Intense]

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."

I put down my notebook. "Just that?"

"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

Why Isn't Wall Street in Jail? | Rolling Stone Politics

Why isn't Wall Street in jail?

Who would be left to run the Government?

 

[The T]

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."

I put down my notebook. "Just that?"

"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

Why Isn't Wall Street in Jail? | Rolling Stone Politics

Why isn't Wall Street in jail?

Who would be left to run the Government?

What aren't or leaders Past and Present IN JAIL for what they've done?

 

[uscitizen]

How can one put their owners in jail?

 

[Mr. Jones]

America is a failed state with a dual justice system....

Washington's Blog

 

[LA RAM FAN]

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."

I put down my notebook. "Just that?"

"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

Why Isn't Wall Street in Jail? | Rolling Stone Politics

Yeah Wall Street is why america is in a mess.There is a really great book out that everybody here should read that nails how evil wall street is called WALL STREET KILLED KENNEDY.who of course was the last president we had for the people instead of for the corporations.

 

[LA RAM FAN]

I printed this article out, put it at the bottom of the pile and will read it in a month or so.

I am sympathetic towards critics of Wall Street, having seen Wall Street up and close. However, Matt Taibbi, the author of this piece, is a dumbass with seemingly little understanding of financial history. His hack piece on Goldman was awful.

I just explained it here
Screwed Again: INVISIBLE BANK FRAUD

You are in a trance with the entire country.

He sure is.thats an understatement.

 

[LA RAM FAN]

These international banking criminals will rape this nation dry until there is nothing left to rape. Then, They will start a World War that we can't possibly win, pack up their bags & bank accounts (or wait, there in Sweden) their families and move on to the next Nation of victims. Then the stupid sheople will ask why, or how did this happen? As SOME helplessly watch their own families, friends and strangers become animals in the face of starvation, mass gang rapes and killings. Bet it, because it's coming to a theater near you sooner than later. ~BH

exactly.well said.

 

[waltky]

Check out the documentary...

Why no Wall St. bigwig has been prosecuted
5/15/2011 - They took risks, some of them extreme, but (so far) that isn't a crime

"Forgive me," began Charles Ferguson, the director of Inside Job, while accepting his 2011 Oscar for Best Documentary. "I must start by pointing out that three years after a horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that's wrong." The audience erupted in applause. Ferguson is not the first to express outrage over the lack of criminal cases to spring from the financial crisis, and his speech triggered a wave of similarly prosecutorial sentiments. Since that February night, financial journalists, bloggers, and who knows how many dinner party guests have debated the trillion-dollar question: When will a Wall Street executive be sent to jail?

There are those who have implied that prosecutors are either too cozy with Wall Street or too incompetent to bring cases to court. Thus, in a measured piece that assessed the guilt of various financial executives, New York Times columnist Joe Nocera lamented that "Wall Street bigwigs whose firms took unconscionable risks … aren't even on Justice's radar screen." A news story in the Times about a mortgage executive who was convicted of criminal fraud observed, "The Justice Dept. has yet to bring charges against an executive who ran a major Wall Street firm leading up to the disaster." In the same dispassionate tone, National Public Radio's All Things Considered chimed in, "Some of the most publicly reviled figures in the mortgage mess won't face any public accounting." New York magazine saw fit to print the estimable opinion of Bernie Madoff, who observed that the dearth of criminal convictions is "unbelievable." Rolling Stone, which has been beating this drum the longest and with the heaviest hand, reductively asked, "Why isn't Wall Street in jail?"

Taken from the top, these sentiments imply that the financial crisis was caused by fraud; that people who take big risks should be subject to a criminal investigation; that executives of large financial firms should be criminal suspects after a crash; that public revulsion indicates likely culpability; that it is inconceivable (to Madoff, anyway) that people could lose so much money absent a conspiracy; and that Wall Street bears collective guilt for which a large part of it should be incarcerated.

These assumptions do violence to our system of justice and hinder our understanding of the crisis. The claim that it was "caused by financial fraud" is debatable, but the weight of the evidence is strongly against it. The financial crisis was accompanied by fraud, on the part of mortgage applicants as well as banks. It was caused, more nearly, by a speculative bubble in mortgages, in which bankers, applicants, investors, and regulators were all blind to risk. More broadly, the crash was the result of a tendency in our financial culture, especially after a period of buoyancy, to push leverage and risk-taking to the extreme.

More Why no Wall St. bigwig has been prosecuted - Business - US business - msnbc.com

 

[The T]

How can one put their owners in jail?

Easy. Just arrest them for failing the public TRUST they ran on. Let the COURT sort it out.

 

[sparky]

<pop>

1. A belief that ultimate powers resides in the people is ________________.

A) Popular Vote

B) Political Culture

C) Popular sovereignty

D) Majority Rule




2. A consistent pattern of beliefs about political values and the role of government is __________.

A) Political Ideology

B) Liberalism

C) Conservatism

D) Political Culture




3. ____________ is an ideology that cherishes individual liberty and insists on minimal government, promoting a free market economy, a noninterventionist foreign policy, and an absence of regulation in moral, economic, and social life.

A) Monopoly

B) Libertarianism

C) Liberalism

D) Socialism




4.________ is the right to vote.

A) The American Dream

B) Popular sovereignty

C) Natural rights

D) Suffrage




5) Democratic and civic habits of discussion, compromise, and respect for differences, which grow out of participation in voluntary organizations is______________.

A) Social capital


B) Democratic consensus


C) Capitalism


D) None of the above




True or False:



6) Antitrust legislation allows monopolies to dominate industry and trade.___


7) Natural rights are also called human rights. ____


8) Governance according to the expressed preferences of the majority is called majority rule._____

9) A monopoly is the domination of an industry by a single company that fixes prices and discourages competition. ___

10) Socialism an ideology that the government can and should achieve justice and equality of opportunity. ____



Fill in the blank:




11) The widespread agreement on fundamental principles of democratic governance and the values that undergird them is called a ________________.

12) A belief that limited government ensures order, competitive markets, and personal opportunity is called __________.

13) People who believe in true freedom are people who are in favor for _____________.

14) The right to vote is called ______.


15) An economic system characterized by private property, competitive markets, economic markets, economic incentives, and limited government involvement in the production, distributions, and pricing of goods and services is _______.

answers>(no peeking)>http://apgovernment2010.yolasite.com/ch4.php

 

[editec]

Gee! Why didn't the servants put their masters in prison?

Let me think about that for a while, okay?

That's a tough one.

We're the dumb ass masters who elect the servants who we know keep robbing us and the servants are a CRIME FAMILY.

That's because all of you are in a trance. The brainwash propaganda works. Our servants in the CIA figured out how to do that. Keep denying it you dumb ass.

You honestly think the American people can vote out this unholy alliance of corporation power and government?

Seriously?

Do you truly think that an uncorruptable man is every going to get on enough State ballots to become POTUS?

And assuming that such a miracle happened, do you think that honest POTUS would not have his Dallas moment, too?

This nation needs to elect 536 uncorruptable citizens to have a chance of hope and change.

 

[editec]

Until there is some SERIOUS and ALL ENCOMPASSING Reform to campaign finance, they'll only prosecute a case here and there to serve as window-dressing to keep the masses entertained

And that's never going to happen because the SCOTUS has systematically empowered corporations such that they own every nexus of power and the media, too.

Our governments (note the plural there) are rotten through and through.

You want to know why? Because we do EXACTLY the opposite of the following to find people who are DISHONEST enough to be on the team, that's why.

And then, I said, we must try them with enchantments that is the third sort of test --and see what will be their behaviour: like those who take colts amid noise and tumult to see if they are of a timid nature, so must we take our youth amid terrors of some kind, and again pass them into pleasures, and prove them more thoroughly than gold is proved in the furnace, that we may discover whether they are armed against all enchantments, and of a noble bearing always, good guardians of themselves and of the music which they have learned, and retaining under all circumstances a rhythmical and harmonious nature, such as will be most serviceable to the individual and to the State. And he who at every age, as boy and youth and in mature life, has come out of the trial victorious and pure, shall be appointed a ruler and guardian of the State; he shall be honoured in life and death, and shall receive sepulture and other memorials of honour, the greatest that we have to give. But him who fails, we must reject. I am inclined to think that this is the sort of way in which our rulers and guardians should be chosen and appointed. I speak generally, and not with any pretension to exactness.

Plato; Book III The Republic

 

[sparky]

This nation needs to elect 536 uncorruptable citizens to have a chance of hope and change.

sorry but, i'm Sparky, not St. Sparky Editec....

 

[FRIKSHUN]

You could write a 5000 page book just to answer your question..File a loan doc. with Bank of America and list checking account balance and cash on hand $(13,417,456,750,909.20)....

 

[Publius1787]

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."

I put down my notebook. "Just that?"

"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

Why Isn't Wall Street in Jail? | Rolling Stone Politics

Because no crimes were commited that werent encouraged by U.S. law. See Community Reinvestment Act. Community Reinvestment Act - Wikipedia, the free encyclopedia

 

[frazzledgear]

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."

I put down my notebook. "Just that?"

"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

Why Isn't Wall Street in Jail? | Rolling Stone Politics

Because no crimes were commited that werent encouraged by U.S. law. See Community Reinvestment Act. Community Reinvestment Act - Wikipedia, the free encyclopedia

You are right -our own government is at the core of it all and those in government most guilty didn't just encourage it with US law but are also guilty of PUSHING it -and are now the ones most loudly insisting Wall Street execs are "evil" and portraying them as enemies of the state. If they are evil enemies of the state -what does that say about our own politicians who are the real root of the problem in the first place? No one is in jail because the most guilty are the ones in government busiest pointing fingers anywhere else but at themselves. It makes me sick listening to these politicians try to deny their own involvement in it all. And NOW using it as justification for the demands to give government an even BIGGER role and as evidence that it requires giving government GREATER regulatory involvement in the private sector. And saps who want to believe Wall Street just upped and did this without the ACTIVE participation, encouragement and even PRESSURE from our own government who actually encouraged it as part of their social engineering experiment -want to blindly give power hungry politicians ever more power so they can fuck things up even more.

 

[Publius1787]

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."

I put down my notebook. "Just that?"

"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth &#8212; and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

Why Isn't Wall Street in Jail? | Rolling Stone Politics

Because no crimes were commited that werent encouraged by U.S. law. See Community Reinvestment Act. Community Reinvestment Act - Wikipedia, the free encyclopedia

You are right -our own government is at the core of it all and those in government most guilty didn't just encourage it with US law but are also guilty of PUSHING it -and are now the ones most loudly insisting Wall Street execs are "evil" and portraying them as enemies of the state. If they are evil enemies of the state -what does that say about our own politicians who are the real root of the problem in the first place? No one is in jail because the most guilty are the ones in government busiest pointing fingers anywhere else but at themselves. It makes me sick listening to these politicians try to deny their own involvement in it all. And NOW using it as justification for the demands to give government an even BIGGER role and as evidence that it requires giving government GREATER regulatory involvement in the private sector. And saps who want to believe Wall Street just upped and did this without the ACTIVE participation, encouragement and even PRESSURE from our own government who actually encouraged it as part of their social engineering experiment -want to blindly give power hungry politicians ever more power so they can fuck things up even more.

Here it is. Enjoy.

[ame=http://www.youtube.com/watch?v=_MGT_cSi7Rs]YouTube - &#x202a;Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis&#x202c;&rlm;[/ame]

 

[rdean]

They're protected by Republicans.

 

[Publius1787]

They're protected by Republicans.

Really? Name on guy that broke the law that is protected by republicans in regards to the financial crisis.

 

[rdean]

They're protected by Republicans.

Really? Name on guy that broke the law that is protected by republicans in regards to the financial crisis.

Deregulated means "laws were revoked". Republicans deregulated Wall Street. Laws weren't broken because they were "removed". It's not news. It happened when they held both houses and the Presidency.

Why is the right is always so surprised at what their "masters" do? Seriously. They vote for those people, defend them, but haven't a clue what they are doing. I find that mighty bizarre.