Thursday, January 24, 2013
dept. of just is
The internets are lit up today with news of and reactions to PBS's Frontline documentary which aired last night on the absence of any prosecutions or jail sentences for the massive stock and mortgage fraud committed by thousands of bankers in the run up to the financial meltdown of 2008.
Unlike the aftermath of the savings-and-loan crisis, when wrongdoers were vigorously pursued by the government, the second depression we're still in is a crime without a scandal. Rather than being punished, the perps were bailed out.
if you don't have time to watch the hour-long documentary, Glenn Greenwald has an excellent synopsis and commentary.
By the way, is Obama's bagman and $1.6-billion thief Jon Corzine still running the streets? And why is he?