Can Anybody Here... Answer This Question ??? - "WHY Have The Crooks Who Crashed The System...

[WillyT]

not been prosecuted?

And for bonus points: Who is responsible for prosecuting them?

:shrug:

[begin_within]

1. Because the crooks and the ones supposed to prosecute them are one and the same?

[lonestarnot]

2. Because the crooks apparently own everything now, even own you.

[phasma ex machina]

10. +1 Little people are neoserfs, bankster debt slaves. nt

[lonestarnot]

12. owned and owners, apparently all there is.

[arcane1]

3. Because they are the system?

:shrug:

[gateley]

4. I honestly don't understand why the WH is trying to put a

stop to any prosecution. I asked in an earlier thread, but only got the typical, jaded answers -- which I can understand, but maybe I should be asking "what REASONS are Holder giving for backing off?" I don't understand how they can justify this.

[TheKentuckian]

5. There is no justification but the reasons are discouraging.

[gateley]

9. I'm interested in the reasons THEY give for not pursuing this --

I think we all know the most likely reasons. Just fascinated to know how they could try to whitewash this.

[TheKentuckian]

21. I'm waiting on that logic too.

[MannyGoldstein]

6. "It is difficult to get a man to understand something, when his salary depends

upon his not understanding it."
- Upton Sinclair

[DJ13]

7. Because the crooks own our government

[CelticThunder]

8. Because Obama's administration is as corrupt as Bush's.

[spooked911]

20. we need to look forward, not backward!

[Solly Mack]

11. K&R

Great question

[applegrove]

13. Nothing will be done to really weaken the banks for two reasons:

One, when deregulation happens in a market a very few huge corporations are left and a whole hoard of smaller ones but the mid sized ones are destroyed. So with banking being deregulated around the world now, these next 50 years, will see whether American banks can end up on top. Now is the time. If they were left to fail or suffer huge losses they would lose in this worldwide competative race that is going on as we speak. The second reason is that when oil prices hit $200 a barrel nobody is going to be buying 'civil' goods because the transportation costs will be so high. The American government want the USA to not be in manufacturing at the time but in industries that don't require a lot of oil in transportation costs. Those industries? Software, pharmaceuticals, technology and BANKING.

[Rex]

14. Who will come along and fix decades of corruption?

Realistically, we are talking about decades of corrupt people working their way into the system so they could eventually buy the system. Do we have anyone that will step up and investigate years of criminal negligence? GWB is about to go on TVEE and tell the world to vote for the GOP. Took him 10 years to learn the script.

[gauguin57]

15. Because the crooks' buddies are hanging out in the West Wing?

... and because the crooks' other buddies are hanging out in the U.S. Capitol?

[Nye Bevan]

16. Because people are only prosecuted when the prosecutors believe that they are guilty of a crime,

and that they can convince a jury of this, beyond a reasonable doubt.

Greed, excessive pay, stupidity, hubris, and "crashing the system" are not crimes.

When there is strong evidence of criminality, people get prosecuted. Like Bernie Madoff and Ken Lay.

[kenny blankenship]

17. Misrepresenting the risk your institution has undertaken to regulators and investors is fraud

we prosecuted hundreds of cases of it during the S&L crash and bailout during the fucking REAGAN BUSH ERA of all occasions. It was endemic ("everyone was doing it") and the guilty were politically connected (for example Vice President, and later President of the United States G H W Bush's son, Neal Bush). But the same systemic crime goes unprosecuted under a "Democratic" President. S&P, Moody's, Fitch which are government approved credit ratings agencies gave fraudulent AAA ratings to investments made of bundled loans which the originating lenders knew would never be paid off. There was no prosecution of the obvious systemic corruption of the ratings agencies, and S&P paid Obama back for his leniency by downgrading the creditworthiness of the US Government.

[Nye Bevan]

18. "His" leniency? Obama personally decides who gets prosecuted?

And the rating agencies assigning AAA ratings to the CDOs certainly was monumental stupidity. But how do you prove that it rose to the level of criminal conduct?

[Festivito]

19. Our first Constitutional establishment is justice, but we don't seem to give a shit. /nt

[WillyT]

22. Kick !!!

:kick:

[guitar man]

23. That's easy

Because they are mega rich and they have managed to buy the government and our democratic process right out from under us. And until we, as a nation , manage to muster the collective courage to do what needs to be done, nothing will change... not a damn thing :(

[white_wolf]

24. Because we live in a capitalist system, ruled by capitalists, who look out for each other.

As long as it does not endanger capitalism itself, you shouldn't expect the capitalists to turn on their own class. They tend to look out for one another, they are much more united than the working class.