From The Daily Kos:
Are there any Democratic party establishment people out there who can explain why during the much smaller (in terms of money and impact) Savings & Loans crime spree committed by banksters there were over 1,000 law enforcement officials assigned to it, resulting in hundreds of criminal convictions, while there are only (a reported) 55 assigned to the exponentially larger and devastating financial crimes and thievery that resulted in the collapse of the economy, countless suicides, hundreds of thousands of fraudulent evictions, and the de-funding of the proper functions government?
After I watched tonight's 60 Minutes report by Steve Kroft, on "the collapse of Lehman Brothers, which triggered a chain reaction that produced the worst financial crisis and economic downturn in 70 years," I got curious about the status of the much touted "Financial Crimes Task Force" announced by president Obama during the State of the Union Address.
The 60 Minutes segment, "The case against Lehman Brothers," shows that a nine-volume, 2,200-page report ordered by the Federal Bankruptcy Court found that there is enough evidence for a prosecutor to bring charges against top Lehman Brothers' executives, and "one of the nation's top accounting firms." It found that there is enough evidence for the Justice Department and the Securities and Exchange commission to prosecute. That was two years ago!
I'm watching this report in disbelief! Yes, I keep saying that we have pretty much turned into a corrupt Banana Republic, but there is a side of me that is hoping against hope that we may still have a chance to save the Republic; that someone will do the right thing--eventually.
So I set out to find out about the status of the much-publicized task force, and I pretty much hear crickets... I was looking for a Website with some updates, or at least some assurances that these truly horrendous crimes committed by the most vicious criminals in history (if one takes into consideration the incalculable suffering that resulted from the thievery and pillage) were being properly investigated.
And what do I find? I find an article by Becky Bond (Political Director of Credo Mobile), asking president Obama to get serious about the financial crimes unit, since there have been reports that only 55 law enforcement officials have been appointed to the case.
What is going on here? It's this some kind of cruel joke? There is nothing more important than having the government conduct a proper investigation about these heinous crimes, and that wherever there is probable cause, that indictments are handed down, followed by criminal and civil prosecutions.
Right now, there is the appearance that the SEC, and the FTC, and many other regulatory agencies are corrupt, and in the pockets of the very same criminals they are supposed to be policing.
Folks, this is what happens in backwards Banana Republics! This is not supposed to happen here.
To Obama's people... Please stop sending me emails offering me the chance to have dinner with the president, if I send a small contribution! Please stop. Send me emails with detailed information about how this president is going to enforce the laws of this nation. I promise I'll read those emails very carefully, and I may even be inspired to contribute to the campaign what I can.
SUN APR 22, 2012 AT 11:18 PM PDT
A Paltry 55 Staff to Investigate The Biggest Financial Crimes in History?
After I watched tonight's 60 Minutes report by Steve Kroft, on "the collapse of Lehman Brothers, which triggered a chain reaction that produced the worst financial crisis and economic downturn in 70 years," I got curious about the status of the much touted "Financial Crimes Task Force" announced by president Obama during the State of the Union Address.
The 60 Minutes segment, "The case against Lehman Brothers," shows that a nine-volume, 2,200-page report ordered by the Federal Bankruptcy Court found that there is enough evidence for a prosecutor to bring charges against top Lehman Brothers' executives, and "one of the nation's top accounting firms." It found that there is enough evidence for the Justice Department and the Securities and Exchange commission to prosecute. That was two years ago!
I'm watching this report in disbelief! Yes, I keep saying that we have pretty much turned into a corrupt Banana Republic, but there is a side of me that is hoping against hope that we may still have a chance to save the Republic; that someone will do the right thing--eventually.
So I set out to find out about the status of the much-publicized task force, and I pretty much hear crickets... I was looking for a Website with some updates, or at least some assurances that these truly horrendous crimes committed by the most vicious criminals in history (if one takes into consideration the incalculable suffering that resulted from the thievery and pillage) were being properly investigated.
And what do I find? I find an article by Becky Bond (Political Director of Credo Mobile), asking president Obama to get serious about the financial crimes unit, since there have been reports that only 55 law enforcement officials have been appointed to the case.
What is going on here? It's this some kind of cruel joke? There is nothing more important than having the government conduct a proper investigation about these heinous crimes, and that wherever there is probable cause, that indictments are handed down, followed by criminal and civil prosecutions.
Right now, there is the appearance that the SEC, and the FTC, and many other regulatory agencies are corrupt, and in the pockets of the very same criminals they are supposed to be policing.
Folks, this is what happens in backwards Banana Republics! This is not supposed to happen here.
To Obama's people... Please stop sending me emails offering me the chance to have dinner with the president, if I send a small contribution! Please stop. Send me emails with detailed information about how this president is going to enforce the laws of this nation. I promise I'll read those emails very carefully, and I may even be inspired to contribute to the campaign what I can.
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