Skip to main content

View Diary: Remember those righteous Savings and Loan prosecutions? (38 comments)

Comment Preferences

  •  How times have changed!! (2+ / 0-)

    The roots of the S+L crisis lay in the deregulatory measures passed during the Reagan administration.  The GHW Bush administration lead the way in prosecuting the bank fraud perpetrated by Saving and Loan bank officers

    The roots of the current banking crisis lay in the deregulatory measures passed during the Clinton administration.  The Obama administration has seen fit to absolve all bank officials of any wrong-doings regarding banking and investment crimes.  

    "The fool doth think he is wise: the wise man knows himself to be a fool" - W. Shakespeare

    by Hugh Jim Bissell on Sat Jan 26, 2013 at 08:57:41 AM PST

    •  one of the things I love about DailyKos (2+ / 0-)
      Recommended by:
      MrAnon, virginislandsguy

      is the careful reading and thinking. People here are not content to recite narrative points reflexively without some reflection, debate, and deep analysis.

      self-appointed intellectual cop

      by citizen k on Sat Jan 26, 2013 at 09:00:12 AM PST

      [ Parent ]

      •  As deep as your analysis (2+ / 0-)

        of Don Dixon? Who I think you know was not quite so small time as you purport above.
        But in the end,what does it matter? As Mark Twain & countless others have said:"We have the best government money can buy." Pity the fools that work to change it.

        "George RR Martin is not your bitch" ~~ Neil Gaiman

        by tardis10 on Sat Jan 26, 2013 at 09:08:05 AM PST

        [ Parent ]

      •  The historical record is clear (0+ / 0-)

        The GHW Bush did much to close and resolve insolvent S+L, and prosecute bank crimes by S+L bank officers.  It is true that members of the Bush family were found to have been profitably involved in S+L fraud, and held to account.

        Sadly, The Obama administration has done nothing to prosecute bank fraud in the wake of the 2008 bank crisis.  So we will never know if any members of Obama's family or staff made profits from bank fraud.  Perhaps that is why the Obama administration has been so shy about prosecuting bank fraud.

        "The fool doth think he is wise: the wise man knows himself to be a fool" - W. Shakespeare

        by Hugh Jim Bissell on Sat Jan 26, 2013 at 09:26:56 AM PST

        [ Parent ]

        •  well (0+ / 0-)

          You disagree with the Congressional committees cited in the 2 LA Times articles and the GAO report. But I'm sure you have evidence.

          self-appointed intellectual cop

          by citizen k on Sat Jan 26, 2013 at 09:31:27 AM PST

          [ Parent ]

          •  So is it your claim that the Bush admin (0+ / 0-)

            So is it your claim that the GHW Bush administration did not preside over the operation of the Office of Thrift Supervision, and that no S+L officers were prosecuted by that administration, while the Obama administration has launched prosecutions against a multitude of bank officials?

            See, there is never an intellectual cop around when you need one!!

            "The fool doth think he is wise: the wise man knows himself to be a fool" - W. Shakespeare

            by Hugh Jim Bissell on Sat Jan 26, 2013 at 10:04:01 AM PST

            [ Parent ]

            •  my claim is that most of the S&L prosecution (0+ / 0-)

              was against small timers.

              That's why the Democrats in Congress in 1990 held hearings on the bullshit job the Bush Administration had done.

              self-appointed intellectual cop

              by citizen k on Sat Jan 26, 2013 at 12:39:09 PM PST

              [ Parent ]

              •  Bush did a better job than Obama (1+ / 0-)
                Recommended by:
                nuclear winter solstice

                For all your complans about the GHW Bush administration's handling of the S+L crisis, it is still clear that the Bush administration did more to prosecute bank fraud than has the Obama administration.

                Where is the congressional investigation on the bullshit job the Obama administration is doing?

                See that: there is never an intellectual cop around when you need one!!!

                "The fool doth think he is wise: the wise man knows himself to be a fool" - W. Shakespeare

                by Hugh Jim Bissell on Sat Jan 26, 2013 at 12:46:01 PM PST

                [ Parent ]

                •  no it's not clear at all (0+ / 0-)

                  The same kind of regional and small time bank fraud prosecute by Bush was and is prosecuted by Obama. Take a look at DOJ press releases on convictions. You should take a look at how Bush's DOJ prosecuted the CEO of Continental Illinois- not at all. The S&L crisis took place in a thousand regional and community banks, the 2008 crisis was at the heart of power.

                  self-appointed intellectual cop

                  by citizen k on Sat Jan 26, 2013 at 12:58:48 PM PST

                  [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site