Cowardice Is Destroying America
Posted on September 15, 2012 by WashingtonsBlog
Pulitzer prize-winning journalist Ron Suskind quotes Geithner as saying:
The confidence in the system is so fragile still… a disclosure of a fraud… could result in a run, just like Lehman.Former IMF economist Simon Johnson notes:
The Obama administration is prosecuting fewer financial crimes than under Reagan or either Bush, and the government’s entire strategy now – as during the S&L crisis – is to cover up how bad things are.The main motivation behind the administration’s indulgence of serious criminality evidently is fear of the consequences of taking tough action on individual bankers.
Wall Street fraud caused the Great Depression and the current financial crisis. Top economists and financial experts agree that the economy will never recover unless Wall Street fraud is prosecuted.
Monday, September 24, 2012
WE REALLY DO NEED A "FUNDAMENTAL TRANSFORMATION"
The lack of bankster indictments, let alone convictions, seems to be a case of protecting corrupt individuals to protect a corrupt system. Ask yourself how much you've heard recently about the LIBOR Scandal...
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