Via WiscoDave
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.
