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"Why Isn't Wall Street in Jail?"

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ProfessionalLeftist Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 04:34 PM
Original message
"Why Isn't Wall Street in Jail?"
"Nobody goes to jail,” writes Matt Taibbi in the new issue of Rolling Stone magazine. “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." Taibbi explains how the American people have been defrauded by Wall Street investors and how the financial crisis is connected to the situations in states such as Wisconsin and Ohio.

http://www.democracynow.org/2011/2/22/matt_taibbi_why_isnt_wall_street

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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 04:34 PM
Response to Original message
1. Same reason war criminals aren't in jail - complicity (imo)...
Edited on Tue Feb-22-11 04:36 PM by polichick
Taibbi is so good!
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 04:36 PM
Response to Original message
2. Class.
Caste.

He who has the gold makes the rules.
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Marblehead Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 04:47 PM
Response to Original message
3. they have captured
the government. They can do what ever the fuck they want. There is still some wealth left in the middle class but not for long. The next bailout will be the finale. Sorry I'm so negative, I never used to be.
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ProfessionalLeftist Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 04:57 PM
Response to Reply #3
6. You're right.
I can't argue with what you said.
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Poboy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 04:48 PM
Response to Original message
4. recommend
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demosincebirth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 04:49 PM
Response to Original message
5. Because it's Wall Street!
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 05:31 PM
Response to Original message
7. THAT is an article I copied and will save, for posterity.
Essentially same game was played in the 30's and then again during Savings and Loan Scandal, but this time DOJ has declined to prosecute anyone, even the bankers who ADMITTED in a Congressional hearing they committed fraud.
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-22-11 05:48 PM
Response to Original message
8. Isn't it past time someone went to fucking jail...
That would get their attention. Guaranteed.
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