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11:29 AM on 09/10/2012
Considering the "fat cat" banker talk Obama has participated in, it is strange to realize that Obama and friends have not convicted a single wall street crminal who "wrecked our economy" in 2008.

Then again, if the DOJ cannot convict Corzine, who was Obama's fundraiser, and stole $1.6B dollar last year, we would not be very hopeful.
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Jimco
12:17 PM on 09/10/2012
When you put a wall street attorney in charge of the justice dept , especially a toady like Holder you really aren't looking to get tough .
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ASnarkRangOut
TAX RETURNS ARE THE NEW BIRTH CERTIFICATE
03:00 PM on 09/10/2012
So Obama wasn't supposed to talk to the banks at all after Bush bailed them out and gave away all that money? Why didn't Bush investigate them before he paid it out? Hm.
05:59 PM on 09/10/2012
Obama pretends to be hard on big evil bankers, yet he is financed by goldman and has convicted zero banking criminals.

For example - Corzine who stole 1.6B and helped Obama get elected - google it
11:05 AM on 09/10/2012
Steal $100 and go to jail. Steal $100 million and get stock options.
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Inkosi
The gods themselves rage against stupidity
11:34 AM on 09/10/2012
Torsian fanned and faved. They will NEVER serve one day in jail. Just a Mitt and his family will never serve one day in the military - that is just for peasants - you know, the poor and middle class. Deregulation was touted at increasing competition - that is/was a lie. There are fewer banks, fewere airlines, fewer farms, fewer factoris - less of everything.
11:01 AM on 09/10/2012
They need to go after the Fed private bankers(Central Bank) is who they need to put in Jail. They are the ones who did nothing about Libor and pulled all the money out of the economy. They are the ones who forced the Treasury to loan the bankers the Tarp loans instead of the Fed(central bankers) and caused it all. Its their responsibilty to keep the economy going since they control the money supply. They are the ones that caused it all. They hold the Government "portfolio" ... and they are the ones ripped the banks. They don't care about the middle class. They wanted the banks to foreclose on everyone. They are the ones that hold the GM motors account that shipped the jobs this week to China to build the cars for India instead of letting Americans build them. The Fed(Central Bankers) are who gutted the middle class by forcing the Treasury to be the Central Bank instead of them. They should go to jail. They should have to put the money back in the Treasury because they shouldn't have pulled the money out of the economy just cause we were getting a Democrat in office they didn't like. They are suppose to be the Central Bank.. not the Treasury ...to loan money that was the agreement. They need to go to jail.
11:30 AM on 09/10/2012
Read the Krugman article, liberals cheer the federal reserve as the path to prosperity.
11:53 AM on 09/10/2012
Its magic how they are able to accomplish it... they see Bernake and that is all they see and they don't see the empire behind him that is controlling everything with no hawks watching them at all, they are totally able to plunder the Treasury and thus making all Americans having to forever pay to the modern day company store aka..Fed.
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Paul Niziol
10:55 AM on 09/10/2012
Another example to show that it's not our elected officials but Big Business that is running our country. The Corporate Elite not our elected officials, who are nothing but their official proxy, dictate the terms under how governments are run. You can bet it will not be for the good of people but for the good of their bottom line and power base.
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JoAnn Kennedy
10:17 AM on 09/10/2012
With out any criminal charges, or prosecution -- consumer confidence in the financial sector and the government will bottom out -- in addition, moral will disintegrate and trust in the legal system
will erode to nothing
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NotAFundamentalist
09:13 AM on 09/10/2012
Remember during the 2008 election as the economy was imploding Obama said he was going to re-regulate big banks and Wall Street? It never happened. I was horrified to realize he was simply schilling for those same evil doers when Rahm Emanuel left to run for Mayor of Chicago and was replaced by William Daley of "the Chicago Daleys" who was the ultimate big business insider; he was a board member of JPMorgan Chase, Merck & Co., Boeing and Boston Properties (kind of the perfect storm of political influence - military industrial complex, big banking, big pharma, big developers). I even understand his reluctance to keep his promises on Marijuana reforms, what with all that private prison money to be had as well as the money from tobacco.
Nangael
Don't read my bio over my shoulder!
08:57 AM on 09/10/2012
Jail is only for "you people"
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MrStat1
Conservative, NRA and Proud of It
09:37 AM on 09/10/2012
Well, if the gov't had the legal evidence to get a conviction in court that might happen. But since the legal evidence doesn't exist and no one at Justice can cite the specific section of the US Code Wall Street violated, it's tough to get a conviction.
Nangael
Don't read my bio over my shoulder!
10:21 AM on 09/10/2012
Ah, but if you steal an apple for your kid...
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11:05 AM on 09/10/2012
Let's start with Sarbanes-Oxley (executive control fraud), Sherman Antitrust Act (LIBOR), Patriot Act (drug-money laundering) and RICO (MERS, robosigning). Then we can move onto garden-variety fraud, perjury, forgery and theft. Of course, you are a terdpolisher for the 1%, so of course you will deny any wrongdoing. Too bad most of us know better.
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08:47 AM on 09/10/2012
"The Fix Is In."

There's nothing more to say.
JDOK
Listen, Read, Think and then Post
08:43 AM on 09/10/2012
Pity, since they so deserve to be jailed or, at the very least, marched in the streets. Maybe next time (and there will be a next time).
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SeenItBefore
Ya want to super size that?
08:22 AM on 09/10/2012
Well, that about settles it. The banks and Wall Street won. The Republicans, when in power, refused to pursue these crooks and the Democrats, when in power, refused to pursue these crooks and now, a Congress divided and an incompetent Justice Department has refused to pursue these crooks.

As Don Meredith was famous for saying, "Stick a fork in them, their done." Them, of course, defined as the American voting public. Nothing we do has had any effect on the lawlessness for these people and their coconspirators, our 537 elected officials in Washington.

It's my understanding the Constitution provide remedy for eliminating a corrupt Congress, Supreme Court and Executive. It's well past time to seriously consider a recall vote for the lot of them.
09:13 AM on 09/10/2012
Excellent post, SeenitBefore. Congress is complicit in the scandal, either by involvement in or selective choice of who survived. DOJ is either corrupt or incomptent. Meanwhile, they spend millions of dollars pursuing a perjurer (Roger Clemens) & trying a cad (John Edwards) in trials that could accomplish nothing. Recalling them all is a good place to start.
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MrStat1
Conservative, NRA and Proud of It
09:40 AM on 09/10/2012
There is no provision in the constitution for the recall of officials in elected federal offices or appointed judges to the federal judiciary. The only way that would happen is via a consitutional amendment.
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JoAnn Kennedy
10:47 AM on 09/10/2012
However, the Declaration does afford a throwing off the government when it no longer serves We, the People
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11:05 AM on 09/10/2012
or with torches and pitchforks.
07:52 AM on 09/10/2012
Wall Street has given more to Obama's re-election then ever before. No suprise here.
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stape45
It IS what it IS!
08:02 AM on 09/10/2012
Palling-around with a sitting president makes them the bad guys, right? Time for a history-check.
08:07 AM on 09/10/2012
Obama is alway bashing Wall Street but he never turns down the Money to keep the scams going.
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beckola
Dance like no one is watching
08:25 AM on 09/10/2012
Wall Street has thrown its support to Romney. So far this election cycle, workers in the securities and investment industries have donated $11.5 million to Romney compared with $4.2 million to Obama, according to the Center for Responsive Politics. As of August 21, the five largest contributors to the Romney campaign's war chest have all been big financial institutions.

No surprise there!
dhammer489
A Boomer
07:35 AM on 09/10/2012
Are you kidding!! Eric Holder!! Obama's left hand Man!! You want the Market up? Get gas down under 2 dollars,get the cost down and the Groceries will follow.The Democrats since 07 have cost Americans in every phase of Life.You check the archives when Pelosi and Reid came in power with their speeches and interviews.And don't forget the Democrats forcing the Banks to give Home Loans to Persons who couldn't pay it back.They can point fingers all they want but the facts are there.
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stape45
It IS what it IS!
07:55 AM on 09/10/2012
You do realize that it's not Washington that sets gasoline prices, don't you? But then, that would explain oilman Bush's $4.15/gallon gasoline. Right?
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stape45
It IS what it IS!
07:58 AM on 09/10/2012
Where were the Repugs while the Dems were (supposedly) doing all of these terrible things? Had they not finely-honed their considerable obstructionist skills yet?
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michaelallenmar
07:30 AM on 09/10/2012
I Always think of this quote whenever these losers make the news:

'The very existence of flamethrowers proves that sometime, somewhere, someone said to themselves, “You know, I want to set those people over there on fire, but I’m just not close enough to get the job done.”' - George Carlin

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equilange
you tell me
06:32 AM on 09/10/2012
Three strikes laws for minor drug possession convictions come to mind. This is the height of injustice.
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equilange
you tell me
06:31 AM on 09/10/2012
I think the problem isn't too much information, it's that people confuse "information" with "knowledge". Information is easy to come by, knowledge isn't.