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View Diary: There's Privilege, There's Insiders, and Then There's the Goldman Untouchables (10 comments)

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  •  What we have now (3+ / 0-)
    Recommended by:
    jamess, Lujane, J M F

    is not just insider trading, but RICO, where the insiders created toxic assets, had them rated AAA, then knowingly  pawned them off on pension funds and other investors, and then hedged against them.  IMO, that is racketeering and yet the Obama Administration is trying to stop Schneiderman's investigations and get the states to settle for less than a 1/10 of a cent per dollar.  

    Not only has the Obama Administration not done anything to prevent future similar crimes nor changed any one in the banking industry with a crime, but now the Obama Administration is trying to sweep this all under the rug.  In my opinion, that makes the Obama Administration a partner in these crimes.

    The United States is not just losing its capacity to do great things. It's losing its soul.--Bob Herbert. gulfgal98's corollary- Our soul is gone.

    by gulfgal98 on Fri Aug 26, 2011 at 08:23:26 AM PDT

    •  these cover-ups and wristslaps disturb me greatly (4+ / 0-)
      Recommended by:
      Actbriniel, gulfgal98, Lujane, J M F

      for being well-versed in the Law,

      this Administration, does not seem to have much intent,

      for actually upholding and prosecuting that Law.


      at least in regards to Wall Street favoritism.

      Just look at the Mortgage Mess being swept under the citizen rug ... for a Prime-rate example:

      DOJ Desperately Seeking Settlements
      by jamess -- Aug 11, 2011


      What is necessary to change a person is to change his awareness of himself.
      -- Maslow ...... my list.

      by jamess on Fri Aug 26, 2011 at 08:38:29 AM PDT

      [ Parent ]

      •  I was afraid my comment seemed hypobolic (1+ / 0-)
        Recommended by:
        jamess

        But the Obama Administration cannot be doing this out of ignorance.  They are simply trying to thwart justice, IMO.

        Martha Stewart was nobody, nothing.  But Lloyd Blankfein, Jamie Dimon, and other banksters are "savvy businessmen."  It makes me sick to see how low our government has gone.  This push for a cheap settlement is unconscionable.

        The United States is not just losing its capacity to do great things. It's losing its soul.--Bob Herbert. gulfgal98's corollary- Our soul is gone.

        by gulfgal98 on Fri Aug 26, 2011 at 09:45:35 AM PDT

        [ Parent ]

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