The Mudcat Café TM
Thread #140523 Message #3230752
Posted By: Donuel
28-Sep-11 - 05:32 PM
Thread Name: BS: I voted for Obama, but...
Subject: RE: BS: I voted for Obama, but...
Besides doubling down with war and bombings, The President has seen to it that not one single criminal Wall Street Bank president has gone to jail.
The only cases prosecuted were Madoff and one insider trader violation.
What does it take to prosecute the theft of $50,000,000,000,000.00 50 trillion dollars is more damage that WW 2 inflicted upon the entire world.
Simply put, these criminals placed bets on credit and bought insurance on their bets to fail with money they did not own. Then they told Congress the money machines would stop working in 5 days if COngress did not give them real betting money to cover the insurance and bad bets...and the money better be clean and not allow any judicial review... or else.
We are told to not expect any bankers to go to jail, WHY THE F NOT?
I say the US people and the world will delight to the prosecution of the bankers who sold worthless derivitives, bundled mortgage securities and insured thier bets by working to bankrupt key US corporations and manufacturers. What they did was worse than treason.
The man who was chairman of the deregulation of banks to be required to cover thier bets with thier own money was the Chairman of Goldman Sachs, Hank Paulson (with the help of bought off Federal SEC Regulators) on April 24 2004 in the NYC 235 Woolworth Building. That was when the banks satrted to become so much in control of the entire money supply and never so much out of control.
Paulson was then appointed as the US Treasury Secretary by GWB.
President OBAMA: WHERE IS OUR NUREMBERG TRIAL OF THE CRIMINAL US BANKERS? WHERE IS OUR JUSTICE ?