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View Diary: Pres. Obama: "Bankers Were Creative but Their Actions Weren't Necessarily Illegal" (175 comments)

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  •  You wouldn't understand or acknowledge (3+ / 0-)
    Recommended by:
    Adam AZ, Fogiv, Deep Texan

    any credible explanation given to you, because you're too invested in your own emotional feelings about this issue to be rational about it.  You've demonstrated your willful ignorance in this very thread.  I provided you a concrete example of the prosecution of two individuals, one of whom was a former director at Goldman Sachs, for insider trading and securities fraud - two illegal activities that facilitated the crash of the economy, and you're still absurdly insisting that if an individual isn't prosecuted for something that you're convinced crashed the economy, that their prosecution is somehow irrelevant.  

    This despite the fact that their illegal activities adversely effected real people.

    This despite the fact that insider trading (per Wikipedia):

    Insider trading is the trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company.

    was the quintessential malfeasance that derailed the economy.

    This despite the fact that you're suggesting, without any basis, that this President is not interested in prosecuting Wall St. executives because he reiterated the fact that some if not much of the activity that contributed to the crash was, in fact, legal.

    This diary is completely fraudulent, and this discussion is an exercise in the kind of incestuous, alarmist, anti-intellectual, knee-jerk nonsense that has come to dominate this site of late.

    •  Insider trading has a long history through (0+ / 0-)

      past centuries, yet the economy did not crash till 2007.

      Fraudulent? It's primarily direct quotes from Obama's press conference.

      Bernie Madoff Bernie Madoff!!!!!!

      "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

      by eXtina on Mon Nov 28, 2011 at 10:01:06 PM PST

      [ Parent ]

      •  Are you engaged in some kind of performance (3+ / 0-)
        Recommended by:
        Fogiv, Deep Texan, Adam AZ

        art?

        Insider trading has a long history through (0+ / 0-)
        past centuries, yet the economy did not crash till 2007.

        So ... your contention is that the economy first crashed in 2007?  Are you claiming that 2007 is the first time, in centuries that the U.S. economy crashed?

        Fraudulent? It's primarily direct quotes from Obama's press conference.

        Um ... your claim that the Great Depression doesn't qualify as an economic crash is completely fraudulent.

        Bernie Madoff Bernie Madoff!!!!!!

        Are you a fan of his?

        •  the great depression and the great (0+ / 0-)

          recession are not the only times in history that insider trading was being conducted.

          so, insider trading caused the economy to crash except for all the times that it didn't.

          that's your contention?

          "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

          by eXtina on Mon Nov 28, 2011 at 10:42:16 PM PST

          [ Parent ]

          •  Okay, if you insist ... (3+ / 0-)
            Recommended by:
            Fogiv, Deep Texan, Adam AZ
            the great depression and the great (0+ / 0-)
            recession are not the only times in history that insider trading was being conducted.

            Oh really?!  You should really diary this, because I bet a lot of people don't know that.  

            And why didn't Obama say something about that?!  Huh?!  He didn't even mention that insider trading that was "conducted" all the other times besides the Great Depression and the Great Recession!!!!  Why is that?!

            You know ... I noticed that in his press conference, he didn't say anything about whether or not insider trading has any statute of limitations.  That's very suspicious, because you know ... if it doesn't have a statute of limitations, then ... his not mentioning it "precludes" him from prosecuting all the insider trading cases that have happened over all the centuries.  ... You know, the cases that have happened all the other times ...

            He's!  ... He's actually ... not only is he trying to protect all the big boys from this century! ... He's trying to protect all the ones from the last century too!

            so, insider trading caused the economy to crash except for all the times that it didn't.

            Yes.  That is my contention.  I mean, you obviously wrote this diary on crack, and you're still alive.  Ergo crack doesn't cause death.  I mean, right?  And if you smoke twice as many rocks before you write your next diary or comment, nothing bad will happen.  I promise.

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