Wall Street banksters have owned our government (both political parties) at least since the 80’s. If you can remember the S & L crisis. The savings and loan debacle was one-seventieth the size of the 2008 crisis, both in terms of losses and the amount of fraud. In that crisis, the savings and loan regulators made over 30,000 criminal referrals, and this produced over 1,000 felony convictions in cases designated as “major” by the Department of Justice. But even that understates the degree of prioritization, because the regulators, worked very closely with the FBI and the Justice Department to create a list of the top 100 — the 100 worst fraud schemes. They involved roughly 300 savings and loans and 600 individuals, and virtually all of those people were prosecuted. We had a 90 percent conviction rate, which is the greatest success against elite white-collar crime (in terms of prosecution) in history.
Hey, republicans don’t like all those regulations about Wall Street. We are not allowing free enterprise to flourish and raise all boats. They want to do away with big government and all those silly rules.
Actually, he’s just taking off with more cash raised from investing in private prisons, that are almost as quick at making cash as a printing press, or an oil company (same thing).
milesbw almost 9 years ago
Corruption in sport is SO much more important, especially in someone else’s national game!
jones.knik almost 9 years ago
Wall Street banksters have owned our government (both political parties) at least since the 80’s. If you can remember the S & L crisis. The savings and loan debacle was one-seventieth the size of the 2008 crisis, both in terms of losses and the amount of fraud. In that crisis, the savings and loan regulators made over 30,000 criminal referrals, and this produced over 1,000 felony convictions in cases designated as “major” by the Department of Justice. But even that understates the degree of prioritization, because the regulators, worked very closely with the FBI and the Justice Department to create a list of the top 100 — the 100 worst fraud schemes. They involved roughly 300 savings and loans and 600 individuals, and virtually all of those people were prosecuted. We had a 90 percent conviction rate, which is the greatest success against elite white-collar crime (in terms of prosecution) in history.
Theodore E. Lind Premium Member almost 9 years ago
Hey, republicans don’t like all those regulations about Wall Street. We are not allowing free enterprise to flourish and raise all boats. They want to do away with big government and all those silly rules.
Tarredandfeathered almost 9 years ago
Inaccurate Cartoon.None of those bankers ever came closer to that Prison than the Stock they own in the Corporation that Runs it.
Dtroutma almost 9 years ago
Actually, he’s just taking off with more cash raised from investing in private prisons, that are almost as quick at making cash as a printing press, or an oil company (same thing).