"When it comes to fighting financial fraud, the Obama Administration’s record of success has been nothing less than historic."
Eric Holder, Attorney General for Obama Administration, Address To Columbia University
May I remind the Attorney General that, in the words of Charles Ferguson, " three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that's wrong."
Mr. Holder went on to say:
“We found that much of the conduct that led to the financial crisis was unethical and irresponsible. But we have also discovered that some of this behavior — while morally reprehensible — may not necessarily have been criminal.”And if that is the current standard of justice being applied to wanton, pervasive, and obvious financial fraud and white collar crime by powerful insiders in Washington DC these days, then it will come as no surprise to the thousands of victims of MF Global that no one will be held accountable. Not to mention the millions of victims of fraud in the mortgage crisis, and the ongoing predatory banking and market fixing.
And the rest of us should not be surprised when we find that nothing is safe from those who think that the law and words mean whatever they want them to mean.
When Obama said "Yes We Can" I think most Americans thought he meant something else.
And the shame and the pity is that this November Americans will be given a choice between Brand A and Brand B, which are in reality the same corporate products, manufactured by the same people, with just different marketing messages.
