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View Diary: The case for prosecuting Wall Street Banks (61 comments)

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  •  Great book review in today's NYTimes (3+ / 0-)
    Recommended by:
    WheninRome, barbwires, gjohnsit

    Nearly four years after Washington began its huge rescues of banks with taxpayer dollars, an important player in this, one of the great financial dramas of all time, is offering a damning account of how the Bush and Obama administrations handled the whole episode.

    “The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true,” Mr. Barofsky said in an interview last week. “It really happened. These suspicions are valid.”

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