Despite the clear record of Wall Street Executives choosing greed and short term profits over law regulated policy which resulted in the world -wide recession from which recovery here at home and most clearly in places like Greece and Spain where recovery is still a question for millions of people, what has the Obama administration done to punish those responsible? Not one corporate or Wall Street Executive has gone to jail .
Only Martha Stewart, hardly a Wall Street CEO, spent time behind bars, his Secretary of the Treasury Timothy Geithner with the support of NY Senator Chuck Schumer has consistently protect his Wall Street buddies and let them get off scott free after buying their way out of jail. Yes it sometimes looks like a lot of money paid ... dirty corporate money ... buys freedom of incarceration.
Ultimately the public will pay through increase service charge etc, Here again banking officials clearly guilty, publicly admitting their error are allow to stay out of jail.
Someone (we) needs to tell Obama to tell Geithner to stop playing monopoly; That there should not be a "Get Out of Jail " free card for sale to the highest bidder . Better yet Geithner should prosecute the criminals on Wall Street who break the law. We have a serious disrespect for the law in our country today. For example Tea Party defiance on paying taxes, public defiance of drug policy are undermining the very basis of civil society. (If the laws are wrong , change them,) When some criminals usually white rich males are allowed to buy their way out of the legitimate punishment for their crimes it sets a terrible role model for anyone else to think crime does pay. What Obama should be supporting is the "robin hood" transaction tax on each Wall Street transaction. This small individual transaction tax can be the source of funding for social services , the so called threatened with defunding "entitlements" under attack as well as research into AIDS research and the cost of transitioning from fossil based energy to green alternative energy including solar and wind. I am writing the President and my two Wall Street protecting Senators , Schumer and Gillibrand and ask them to stop this outrageous protection of Wall Street criminals. Here is one more reason the election of Elizabeth Warren has the potential to stop this "get out jail" policy at the Treasury and Justice Departments has in place, I wrote Schumer and Gillibrand and Warren, will you? if please cc reality check every.minute,matters@mail.com, Remember change starts at the local level not the top. Be a part of the Grass Roots movement to take back America!
Matt Taibbi: After Laundering $800 Million in Drug Money, How Did HSBC Executives Avoid Jail?
Only Martha Stewart, hardly a Wall Street CEO, spent time behind bars, his Secretary of the Treasury Timothy Geithner with the support of NY Senator Chuck Schumer has consistently protect his Wall Street buddies and let them get off scott free after buying their way out of jail. Yes it sometimes looks like a lot of money paid ... dirty corporate money ... buys freedom of incarceration.
Ultimately the public will pay through increase service charge etc, Here again banking officials clearly guilty, publicly admitting their error are allow to stay out of jail.
Someone (we) needs to tell Obama to tell Geithner to stop playing monopoly; That there should not be a "Get Out of Jail " free card for sale to the highest bidder . Better yet Geithner should prosecute the criminals on Wall Street who break the law. We have a serious disrespect for the law in our country today. For example Tea Party defiance on paying taxes, public defiance of drug policy are undermining the very basis of civil society. (If the laws are wrong , change them,) When some criminals usually white rich males are allowed to buy their way out of the legitimate punishment for their crimes it sets a terrible role model for anyone else to think crime does pay. What Obama should be supporting is the "robin hood" transaction tax on each Wall Street transaction. This small individual transaction tax can be the source of funding for social services , the so called threatened with defunding "entitlements" under attack as well as research into AIDS research and the cost of transitioning from fossil based energy to green alternative energy including solar and wind. I am writing the President and my two Wall Street protecting Senators , Schumer and Gillibrand and ask them to stop this outrageous protection of Wall Street criminals. Here is one more reason the election of Elizabeth Warren has the potential to stop this "get out jail" policy at the Treasury and Justice Departments has in place, I wrote Schumer and Gillibrand and Warren, will you? if please cc reality check every.minute,matters@mail.com, Remember change starts at the local level not the top. Be a part of the Grass Roots movement to take back America!
Matt Taibbi: After Laundering $800 Million in Drug Money, How Did HSBC Executives Avoid Jail?
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