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

To: tejek who wrote (146943)

11/11/2014 8:47:50 AM

From: koan

Read Replies (2) | Respond to of 149317

Well, then why didn't one single banker go to jail for fraud?

Because there is the corporate veil....and while its been pierced in the past, its very difficult to do and rarely done.>>

They had plenty of evidence to prosecute bankers. Hundreds went to jail during the S and L crises.

I have to worry about fraud all the time and if I commit fraud I go to jail and pay a fine.

It is not that hard to prosecute the bankers when there is clear fraud. Obama didn't want to prosecute them.

We now have institutionalized "too big to fail and jail" and that is creepy and undermines our democracy.

The AG didn't even try. The AG protected the banks.

According to Michael Lewis when Obama met the bankers for the first time he told them: "I am here to protect you from the public!"

en.wikipedia.org