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Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted. Their names by now are familiar to even the most casual Middle American news consumer: companies like AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and Morgan Stanley. Most of these firms were directly involved in elaborate fraud and theft. Lehman Brothers hid billions in loans from its investors. Bank of America lied about billions in bo
Because they are RUNNING the highest systems of what determines what is and isn't illegal, who is, and is NOT to be INVESTIGATED, and whom ultimately will and will not be held accountable!
Originally posted by dolphinfan
Get off the Wall Street is the only party to blame in this situation. Its tired, its old and its an argument filled with half-truths.
...The very same people who have been complicit in many of these UNBELIEVABLY CRIMINAL fraud schemes are not only never held accountable, but many of them are using that dirty money to BUY positions in the highest factions of our ever-corrupt gov! ....
Originally posted by dolphinfan
reply to post by DimensionalDetective
Why isn't the gent who makes $40K/year who signed a legal contract to get into a no money down loan for $300K which he could never afford be in jail? Because he's a "little guy"?.
Why isn't the bleeding heart government official who mandated that banks give loans to folks who could not afford them in jail? Because his intentions were noble?
Get off the Wall Street is the only party to blame in this situation. Its tired, its old and its an argument filled with half-truths.
It is no different than saying that a rich guy who robs a bank deserves a greater sentence than a homeless gent who robs a bank. Both are equally guilty and both deserve scorn and punishmentedit on 16-2-2011 by dolphinfan because: (no reason given)
Originally posted by dolphinfan
reply to post by DimensionalDetective
Why isn't the gent who makes $40K/year who signed a legal contract to get into a no money down loan for $300K which he could never afford be in jail? Because he's a "little guy"?.
Why isn't the bleeding heart government official who mandated that banks give loans to folks who could not afford them in jail? Because his intentions were noble?
Get off the Wall Street is the only party to blame in this situation. Its tired, its old and its an argument filled with half-truths.
It is no different than saying that a rich guy who robs a bank deserves a greater sentence than a homeless gent who robs a bank. Both are equally guilty and both deserve scorn and punishmentedit on 16-2-2011 by dolphinfan because: (no reason given)