General Discussion

el_bryanto

(11,804 posts)

12. That's 100% correct

Thu Sep 25, 2014, 04:41 PM

Sep 2014

When you study what our financial industry was up to in 2004-2008 (and before but it hit a fever pitch in those years) and then stand back and consider that very little was done when they shattered the economy and caused billions to disappear all over the year, I just get very ashamed of our nation.

I am a capitalist - I believe that Wall Street has a role to play in our economy - but when they aren't regulated and when they aren't punished for wrong doing, it is only natural that they will continue to do wrong.

Bryant

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Not prosecuting any of the Wall Street criminals was a big failure. [View all] cali Sep 2014 OP

On the contrary--his first major accomplishment. nt Romulox Sep 2014 #1

It was part of the deal or agreements Ichingcarpenter Sep 2014 #71

Recommended. H2O Man Sep 2014 #2

and we will continue- long into the future- to pay a steep price for Holder's failure cali Sep 2014 #3

How would sending a wall street executive have ... 1StrongBlackMan Sep 2014 #10

We wouldn't be right back in the same situation now with even BIGGER banks Fearless Sep 2014 #11

I beg to differ ... 1StrongBlackMan Sep 2014 #13

It would have been political suicide to continue to weaken laws if we were sending them to prison. Fearless Sep 2014 #17

Wait ... 1StrongBlackMan Sep 2014 #20

The laws were weakened further after 2008 instead of fixed. Fearless Sep 2014 #29

Are you suggesting that Frank Dodd weaken wall street regulation? eom. 1StrongBlackMan Sep 2014 #33

I am stating the fact that the too big to fail banks are larger now than before the crash. Fearless Sep 2014 #43

And now the too big to fail banks ... 1StrongBlackMan Sep 2014 #45

Oh really? Bookmarking. We'll talk in a few years. Fearless Sep 2014 #46

Or you can read the Act. eom. 1StrongBlackMan Sep 2014 #54

Watch this... Regarding Dodd-Frank and "Living Wills" Fearless Oct 2014 #73

I saw that before ... 1StrongBlackMan Oct 2014 #74

It is generally called Dodd Frank.. sendero Sep 2014 #61

You are correct regarding the Act's title ... 1StrongBlackMan Sep 2014 #63

I would agree with that... sendero Sep 2014 #64

Unfortunately, that remains to be seen ... 1StrongBlackMan Sep 2014 #66

7...I think it was 7 bank execs that did commit suicide....not the metaphorical political suicide Sheepshank Sep 2014 #60

Bullshit hueymahl Sep 2014 #58

isn't one of the major purposes behind criminal justice cali Sep 2014 #15

Jailing an individual for what is ... 1StrongBlackMan Sep 2014 #18

take the profit out of it, sure, but shouldn't people who have so flagrantly committed cali Sep 2014 #23

Ok, let's throw one in prison for, say, 4 years. jeff47 Sep 2014 #27

By purging them from the banking industry it WILL help down the road... cascadiance Sep 2014 #16

It would deter future crimes AgingAmerican Sep 2014 #24

Debt 1% of GDP wowzer .. Lenomsky Sep 2014 #42

I see your point. Only peons have to pay the price for committing crimes. Holder walks with the rhett o rick Sep 2014 #47

+1 NealK Sep 2014 #50

Holder was with out a doubt the Wellstone ruled Sep 2014 #4

The fix was certainly in. Enthusiast Sep 2014 #7

Yeah, we got our noses rubbed into someone elses pile of shit. Rex Sep 2014 #5

But, Cali, prosecuting Wall Street criminals could damage the economy. Enthusiast Sep 2014 #6

All of this is intentional. Just the way it will be for our lifetimes. truedelphi Sep 2014 #8

That Marc Rich... sendero Sep 2014 #62

Carl Sagan put it verysuccinctly: truedelphi Sep 2014 #70

That is why Wall St. criminals always looking at bank robbers as bunch of plebeian amaeturs. TRoN33 Sep 2014 #9

That's 100% correct el_bryanto Sep 2014 #12

"Stress Test" in which the Treasury Secretary saved the banks on the jtuck004 Sep 2014 #14

Not having honest Wall Street bankers and brokers is the big FAIL. Give it a rest and be kelliekat44 Sep 2014 #19

wow. that's just... lame. cali Sep 2014 #22

+1 NealK Sep 2014 #51

besides showing the one percent that they can do anything they want with no Doctor_J Sep 2014 #21

The Right still claims it was Barney Frank and Nancy Pelosi that cause the collapse... Spitfire of ATJ Sep 2014 #25

"Failure" implies that there was ever intent to do otherwise YoungDemCA Sep 2014 #26

the Correct Terminology is "Criminal Dereliction of Duty" Demeter Sep 2014 #37

Not just a failure...it caused a major weakening of the public's faith in the justice system CanonRay Sep 2014 #28

I think of the Enron deal... freebrew Sep 2014 #56

There is no question that the Republican vitriole was race based. FlatStanley Sep 2014 #30

K/R Jack Rabbit Sep 2014 #31

Grievous decision (or lack thereof). nt silvershadow Sep 2014 #32

Not having a legal framwork to prosecute Wall Street traders was the bigger issue. MohRokTah Sep 2014 #34

you didn't even read the op. n/t cali Sep 2014 #40

I don't even know where to start with that kind of statement hueymahl Sep 2014 #59

Fraud Is Fraud colsohlibgal Sep 2014 #35

According to some posters on this thread, laundering drug money was not illegal. Weird. Scuba Sep 2014 #36

but very with the fashion....legality, American style, 21st century. Demeter Sep 2014 #38

If the financial elite do it it's okay. If one of the 99% do it, lock em up for corporate profits. stillwaiting Sep 2014 #53

There is a fix for that bobduca Sep 2014 #55

Business Insider - The Real Story Of How 'Untouchable' Wall Street Execs Avoided Prosecution IDemo Sep 2014 #39

i agree. nt seabeyond Sep 2014 #41

holder brokered the marc rich pardon. he knows which his bread his buttered on. KG Sep 2014 #44

Also, the problem is the execs didn't care if they caused the banks' ruin, cui bono Sep 2014 #48

Not prosecuting the Wall Street criminals was a CRIME!!! blkmusclmachine Sep 2014 #49

Agreed Sherman A1 Sep 2014 #52

The laws were weakened making what they did not a crime. Turbineguy Sep 2014 #57

seriously? cali Sep 2014 #65

. stonecutter357 Sep 2014 #67

More than a failure Man from Pickens Sep 2014 #68

A very, very costly one, we will eventually learn. n/t Orsino Sep 2014 #69

kick woo me with science Sep 2014 #72