‘Untouchable’ Wall Street Execs Avoided Prosecution since the gigantic global banking collapse. These same creeps overwhelmingly supported Obama’s 2008 presidential campaign but they all ran off to one of their own, Romney, in the following election. We have zero choice between our parties when it comes to Zionism or banking. The other issues are fairy dust thrown in our faces so the looting of the US can continue. The looters don’t think things through, though. What comes next is total collapse due to the US running everything in the red and our elites viewing this country as a looting expedition rather than carefully nurturing the nation so it grows stronger and better.
The reopening of these cases represents a shift for the government, the first acknowledgment that prosecutors are coming to terms with the limitations of how they punish bank misdeeds. Typically, when banks have repeatedly run afoul of the law, they have returned to business as usual with little or no additional penalty — a stark contrast to how prosecutors mete out justice for the average criminal.
When punishing banks, prosecutors have favored so-called deferred-prosecution agreements, which suspend charges in exchange for the bank’s paying a fine and promising to behave.
The Times story complains about the ‘culture that prioritizes profit’ over being legal, that is, they want money and will break any and all laws to gain more money for themselves.
One of the commenters gives a thumbnail sketch of transgressions that were prosecuted under Reagan and not prosecuted under Bush Jr. and Obama:
V is a trusted commenter Los Angeles 3 hours ago
Following the savings and loan crisis of the ’80s, more than 1,000 bankers were convicted by the Reagan’s Justice Department. Among those jailed were Charles Keating Jr., whose Lincoln S&L cost taxpayers $3.4 billion, and David Paul, who was sentenced to 11 years in prison for his role in the $1.7 billion collapse of Centrust Bank.
Why isn’t Joseph J. Cassano, founding member and head of AIG Financial Products, in jail? Cassano resigned from his position at AIG FP in 2008, having pocketed $280 million in cash and an additional $34 in bonuses. He even managed a $1 million-a-month retirement package that kept him on at AIG as a “consultant”.
Cassano was directly responsible for AIG’s credit-default swaps program that put the firm’s many clients in danger when it was unable to pay out on insurance claims. He essentially sold billions of dollars worth of vapor — he failed to provide what had been paid for by the firm’s clients.
Why isn’t Countrywide Chairman and CEO Angelo Mozilo in jail?
Mozilo was charged in 2009 of insider trading and securities fraud by the SEC. Mozilo personally sold hundreds of millions of dollars in stock while using shareholder funds to buy back stock to support the share price. He is also responsible for the “Friends of Angelo” VIP program under which lawmakers, including Senate Banking Committee Chairman Christopher Dodd, as well as many Fannie Mae employees and other “Friends of Angelo”, received discounted mortgages.
Put them in jail, Obama.
The bankers own our government, they pay hefty BRIBES to keep in power and when they wrecked the global economy and destroyed America and plunged everyone into an unnecessary financial crisis, the government did one thing only: bailed them all out! Why don’t they complain of the big fines?
Because the Federal Reserve which is run mainly by Jewish bankers these days, gave these bankers an Xmas gift of ZIRP loans for several years now! The bankers are fat cats again and laughing all the way to the bank. We have rampant inflation in necessities like food and fuel and savings earns 1% interest when held by these crooked bankers or less, or worse, they charge you for keeping money in their banks.
Arrest them all.
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