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Why Obama’s Regulators Let Wall Street Bankers Off Easy

Posted on April 10th, 2014 at 5:06 by Sueyourdeveloper in category: News -- Write a comment

Quote

If there’s anything more maddening than the sheer scale of the financial fraud that sent America and the rest the planet spiraling into the economic abyss in 2008, it’s the fact that no Wall Street bankers have gone to jail for causing the mess. As in zero, zilch, none at all.

So at his farewell party last month to celebrate a lengthy career at the Securities and Exchange Commission (SEC)—the US regulatory agency that supposedly keeps Wall Street in check—James Kidney, a trial attorney who had been hamstrung for years by indifferent bosses, broke his silence and went off on an awesome rant about how no one in the financial sector fears the body supposedly policing their behavior. The SEC, in essence, is a joke.

 

  1. Has our type of government really failed, or is is just human nature to be corrupt and greedy? The image of the self-sacrificing elected officials is gone, it’s been replaced by selfish pigs. Who knew the GOP was correct when they laughed at the idea of a community organizer being president?

  2. Let’s see…(not that I really know much about American politics, but it’s never stopped me or anyone else before).

    Yes and yes. Yes. Who knew? Ah, that’s a trick question is it?

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