Too Big To Jail

The real problem with prosecution is the regulations that would prevent this from happening were systematically removed over a great many years making what is the greatest fraud in the history of mankind legal.
The economic rape of America has been a vision of these folks dating all the way back to Reagan and there is one man smart enough to have conceived it.
Milton Friedman was an advisor to Nixon, Reagan, and finally Bush.

The distinct similarity of Reagans S&L bailout to the current bailout should be obvious. Reagans Black Monday is no different than Bush's Black Friday.
For that matter the economic policies that lead to the Great Depression. By eliminating the laws that prevented it from happening only set the stage for it to happen once again.
One of the signature events of the Great Depression was the wealth was in the hands of the few.
A major player in the Great Depression was Bank of America who acquired huge land holding as a result of foreclosure and now once again we find Bank of America and others becoming the owners of land, and lots of it. With the loss due to devaluation itself no doubt temporary, offset by the Government/taxpayers.

Part two.
That brings us to the similarity of this economic crisis to the economic crisis of 1929.
People are doubt the depth of the problem due to the level of unemployment, 25% VS the current reported 10%. The fact is the manner in which unemployment is now calculated provides a much lower number than the reality.
Those small business owners who have closed their doors are not counted because they do not qualify. Those whose benefits have run out are not counted, Contract workers do not qualify and so on.
The point is the true unemployment is much higher than 10% placing the reality of the economy closer to a depression than is acknowledged.

While Roosevelt did though his programs significantly decrease unemployment in the end it was WWII and the resulting manufacturing effort that brought the country out of it.

I certainly am not suggesting we need a war but we do need a significant effort at rebuilding the manufacturing infrastructure in this country if there is to be any meaningful and sustainable recovery.

The reason is obvious. These toxic assets were forced on banks and financial firms by the likes of Barney Frank and Chris Dodd. Remember the emails to BOA? Come on...how quickly you forget! The truth is starting to surface. Just look at the latest Rasmussen polls on the dear leaders approval ratings. Once the truth comes out ( and it will; have no doubts ) behind Fannie Mae, Freddie Mac and the Democrats collusion in this financial disaster he will have lost all credibility with the American people. They are already in "damage control" cycle and looking for scapegoats. Bernanke is showing he has some chutzpah. He's not going to take this lying down. I hope Geithner has his resume up to date.

If they broke the law then prosecute them. If we have to have mass trials then so be it. I do not want even one of them exempt.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness. Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.

Where is Obama with all his promises? Oh yes, I forget, half of his senior staff consiss of those people, starting with Treasure Secretary.

So here's how I see this working; "We the people" pay the FBI and Prosecuters, "they, "the Wall Street executive type, pay them off. Double income the American dream.

So here's how I see this working; "We the people" pay the FBI and Prosecuters, "they, "the Wall Street executive type, pay them off. Double income the American dream.

If these guys are in charge when times are good then they're equally in charge when times go bad. If this isn't the case then there's no reason to have anyone at the wheel.

The FBI has estimated that over 70% of the fraud perpetuated during the ongoing sub-prime scandal as well as over 70% of the initial contact in any particular fraud case was instigated by the financial industry not the general public. All the prosecutors seam to prefer going after are relatively low level criminals or even the victims, before they dare take on the big boys. We must find some justice and Madoff isn't enough.

OH to bad ..they should have been using the wrong herb. Then they would be sure to find a bed in our jail industry.
OH they just cheated the little people. well I guess they can get away with that then.

OH

oh it is to bad that they were not using the wrong herb! for they would be sure to go to our jails Oh they were just cheating the little people

"they all got blindsided by a thousand-year storm." Except J.P. Morgan Chase and Goldman Sachs. Not to big to fail, just too well connected

Hello!!! Dems!! Can you read this? Are you listening? This is why we voted for you, now go in and clean this scum or there will be hell to pay!