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In reply to the discussion: GAME OVER, Warrenista Liberals! [View all]joshcryer
(62,534 posts)Because I think the methods are sound.
Calling out Keystone XL is a very easy commitment, it sells well with liberals, and it will go through, it's already set in stone, the thing is practically complete, just need to connect it up. Likewise, calling for the bankers to go to jail is easily done, because it won't happen, since it was some 6 years ago and any prosecution hinges on bank fraud. The FCIC report only mentioned mortgage fraud, and as I established, Obama has made more mortgage fraud prosecutions than anyone.
If Warren really was serious about getting the bankers she should run for President and announce it now, before Clinton has a chance to do so. The statute of limitations for financial institution fraud is 10 years. That means the next President will have at most 2 to 3 years to prosecute. The investigation to something 7-8 years prior will be daunting, it could take two whole years to even do the investigation and it would cost tens of millions if not more than a hundred million to do it. Once the charges are made the courts would be tied up for another decade. By then, the old codgers who did the fraud will probably wind up like Kenneth Lay...