He must not have given the PTB their cut, as Communist Vietnam is so corrupt that they make the Thieu government look lily white.
The lack of prosecution of bankers responsible for the great financial collapse has been a hotly debated topic over the years, leading to the coinage of such terms as "Too Big To Prosecute", the termination of at least one corrupt DOJ official, the revelation that Eric Holder is the most useless Attorney General in history, and even members of the judicial bashing other members of the judicial such as in last night's essay by district judge Jed Rakoff.
And naturally, the lack of incentives that punish cheating and fraud, is one of the main reasons why such fraud will not only continue but get bigger and bigger, until once again, the entire system crashes under the weight of all the corruption and all the Fed-driven malinvestment. But what can be done? In this case, Vietnam may have just shown America the way - use the death penalty on convicted embezzling bankers. Because if one wants to promptly stop an end to financial crime, there is nothing quite like the fear of death to halt it.
More @ Zero Hedge
Now there is a novel concept; being held responsible for your actions. I am willing to bet the proverbial mortgage on the houe, that back in 2008 had we hung the heads of BOA, Shereman Brothers and AIG, aka "too big to fail banks" that there would have been a radical change in how all banks did business, and kept their balance sheets. And I am sure too, that other financial institutions would have duly taken note.
ReplyDeleteIn addition I would have done at noon, live TV and had a large card hung around their neck reading: I am a thief and an embezler.
Seems reasonable to me. :)
Deleteyou can tell this is a libtard scandal no one went to jail if it was a conservative scandals theyed still be holding trails.the mozoliis man and wife statred countrywide did all that crookedness boa was forced to buy them out then the mozolis sold short and made anther bundle,course their big dems your friend truckwilkins
ReplyDeleteI am sure.
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