“The tea party regards Barack Obama as a kind of devil figure, but
when it comes to hunting down the fraudsters responsible for the
economic disaster of the last six years, his administration has stuck
pretty close to the tea party script. The initial wingnute reaction
to the disaster, you will recall, was to blame the crisis on the people
at the bottom, on minorities and proletarians lost in an orgy of
financial misbehavior. Sure enough, when taking on ordinary people who
got loans during the real-estate bubble, the president’s Department of
Justice has shown admirable devotion to duty, filing hundreds of
mortgage-fraud cases against small-timers.
But high-ranking financiers? Obama’s Department of Justice has thus
far shown virtually no interest in holding leading bankers criminally
accountable for what went on in the last decade. That is ruled out not
only by the Too Big to Jail doctrine that top-ranking Obama officials
have hinted at, but also by the same logic that inspires certain wingnut thinkers (now, there's an oxymoron for you)—that financiers simply could not have committed
fraud, since you would expect fraud to result in riches and instead so
many banks went out of business.”
Read more at: Salon
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