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View Diary: Yves Smith: "The Top Twelve Reasons Why You Should Hate the Mortgage Settlement" (156 comments)

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  •  Bush the First Put Thousands of Fraudsters in (9+ / 0-)

    prison for the S&L scandal. Do you think that the Savings and Loan criminals didn't have the best lawyers? Our laws haven't changed, so why haven't our current fraudsters been charged?

    The claim that wealthy crooks can hire the best lawyers so charging them with crimes is a waste of time is merely a justification for letting wealthy criminals go free. Furthermore, its not as though the Obama Administration charged a bunch of fraudsters and then lost at trial. Instead, he hasn't filed charges against a single one of the guys who caused our current great depression.

    How about he charge a half dozen of the worst offenders? I assume the entire Justice Department has more lawyers than a half dozen extremely wealthy crooks could hire. If not, then how about Justice hiring a few more.

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