Sunday, October 04, 2015

WELL, WHY DIDN'T YOU FIGHT FOR PROSECUTIONS?

Ben Bernanke's has told USA Today a little more about what he thinks of some banksters and the NYT provided a few excerpts:
"It would have been my preference to have more investigations of individual actions because obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm," Bernanke said.

Asked if someone should have gone to jail, the former Fed chairman replied, "Yeah, I think so." He did not, however, name any individual he thought should have been prosecuted and noted that the Federal Reserve is not a law-enforcement agency.
That last phrase is a bit disingenuous because he could have referred some cases to the FBI or SEC.

3 comments:

Ken Hoop said...

http://cepr.net/blogs/beat-the-press/donald-trump-says-his-tax-cut-will-lead-to-6-gdp-growth-and-president-obama-says-tpp-will-boost-growth

The Elite protects its own and the Elite press protects its own, in this case, Obama.

Steve J. said...

TPP may or may not boost growth but in either case is bad for the middle class.

Anonymous said...



http://www.counterpunch.org/2015/10/09/democrats-neoliberalism-and-the-tpp/


good piece.