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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: Paul Smith who wrote (24271)8/21/2012 11:17:41 AM
From: Wharf Rat2 Recommendations  Respond to of 85487
 
"WALL STREET PROSECUTIONS UNDER OBAMA: ZILCH"
As opposed to the smaller S&L scandal...
And yet, the Street hates Obama cuz he is too tough on them
:>)

In the wake of that debacle, special government task forces referred 1,100 cases to prosecutors, resulting in more than 800 bank officials going to jail. Among the best-known: Charles H. Keating Jr., of Lincoln Savings and Loan in Arizona, and David Paul, of Centrust Bank in Florida
nytimes.com



To: Paul Smith who wrote (24271)8/21/2012 12:28:53 PM
From: koan  Read Replies (1) | Respond to of 85487
 
I know, I got banned from two liberal threads for complaining about it.

But Obama must have done something (like Warrens new agency) because Wall street feels Obama has been too hard on them and has deserted him?

Imagine after all wall street did to blow up the economy in 08, they want to go back to being totally unregulated and Romney will do that in spades. He said so.

So wall street has changed it allegience from Obama to Romney and Romney is getting much more money this year from wall stree than Obama.

And if Romney wins he will give Wall street anything they want and undo all that Warren tried to do and deep six her agency. And we will be back in he wild west with hundreds of trillions of dark money transactions that could take us over the ewdge again.

<<WALL STREET PROSECUTIONS UNDER OBAMA: ZILCH

For all the bluster of Obama, pre- and post-2008, as well as that of Attorney General Eric Holder concerning the alleged criminal activities on Wall Street, there have been zero Wall Street prosecutions under Obama/Holder. Compare that with his predecessors Bush and Clinton:

Bush: 1,300 convictions; Clinton: 1,000 convictions; Obama: Zero attempts.

Read more:
http://times247.com/articles/on-wall-street-obama-all-bluster#ixzz248wy6kE4