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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (114744)	6/4/2012 3:47:46 PM
From: i-node	Read Replies (1) \| Respond to of 149317

>> More recently, MF Global's Corzine raided customer funds to pay off bad investment in Europe that he made. This is a big no non, as customer accounts have always been considered sacrosanct. How would you like it if your checking account was raided by the BoA CEO, if his derivatives bets don't pan out? That's what Corzine did. He stole. Plain and simple, and yet, because he was a big Obama donation bundler, Eric Holder has refused to prosecute him. It's disgusting. I haven't followed the Corzine case, but from what I recall, he is under investigation and will probably face criminal charges. Has Holder declared Corzine to be free from criminal prosecution? In a past life I was involved the defense of persons who were charged with these kinds of crimes, and it normally takes several years for it to play out. So, unless DOJ has said he is in the clear I would assume he isn't. >> you really need to read up on all the crimes that the banks have already admitted to committing in the lead up to and in the after math of the 2008 crisis. I've probably read most of what I'm going to on this subject. While there is probably some crime involved, it is doubtful that crime was a proximate cause of any of this. And if there WERE crimes committed that caused it, that would be prima facie evidence that more regulation is uncalled for; if you aren't enforcing the legislation already on the books, what good does it do to enact even more unenforced legislation? At any rate, I've not seen the evidence that any widespread crime contributed to the collapse of 2008, unless you can call Frank & Dodd's failures to act a crime.