In an interview with Dylan Ratigan on Radio Free Dylan the former Florida Democrat said that it is none other than the President, who is the reason there have been no prosecutions on banks: " I am not only blaming the Obama administration, if the Bush administration had its head on straight they would have prevented a lot of these things from happening to start with. But the President Obama administration said at the beginning, we are going to look forward and not back and therefore in the process of making that decision basically let these crooks off the hook."
When it came to the mortgage fraud Grayson stated: "There is no doubt in a situation like that that people committed crimes, but in order to prosecute them for that you need to have a prosecutor who is willing to do it. And that is something that seems to have eluded us in the past, I guess, three years now.
DYLAN: And what does that sort of decision make, I call Obama the "turn the page president" whether it is war crimes, banking crimes or anything else, is there a point where the decision not to prosecute blatant crimes that are destructive to society really starts to breach the public trust with the government just because the President doesn’t really want to deal with the mess?
REP. GRAYSON: It’s actually worst than that. The same people who were committing fraud and crimes at Bear Stearns, they are now committing fraud and crimes at Bank of America, at Goldman Sachs and other institutions, because it turns out that crime does pay. It turns out that if you steal a large amount of money that leads to the collapse of your institutions, there’s jobs for you somewhere else.
on audit of FED--DYLAN: What do you think Tim Geithner is so afraid would be found?
REP. GRAYSON: I don’t know but I am sure that Tim Geithner didn’t want the Fed audited because Tim Geithner didn’t want Tim Geithner audited, he worked for the New York Fed, led the New York Fed for years before he became Treasury Secretary — and frankly it sounded a bit self serving to me that he said that.
REP. GRAYSON: Because the banking system and the bankers, the people in charge of the system have created this meme that the Fed can do no wrong and it has to remain independent of everybody and everything. It is almost as if they believe that the Chairman of the Fed is the Wizard of Oz and it’s not true.
Full transcript is at Dylan Ratigan website.
It is apparent from the interview that Alan is still a ball of fire.