The Scale of Wall Street’s Holdings Are ''Unprecedented in U.S. History'': Senate Report

[Octafish]

46. BANKERS REMAIN ON WALL STREET DESPITE MAJOR CRIMES (Project CENSORED)

Bankers responsible for rigging municipal bonds and bilking billions of dollars from American cities have largely escaped criminal charges. Every day in the U.S., low-level drug dealers get more prison time than these scheming bankers who, while working for GE Capital, allegedly skimmed money from public schools, hospitals, libraries and nursing homes, according to Rolling Stone.

Dominick Carollo, Steven Goldberg and Peter Grimm were dubbed a part of the "modern American mafia," by the magazine's Matt Taibbi, one of the few journalists to consistently cover their trial. Meanwhile, disturbingly uninformed cable media "journalists" defended the bankers, saying they shouldn't be prosecuted for "failure," as if cheating vulnerable Americans were a bad business deal.

"Had the U.S. authorities decided to press criminal charges," Assistant US Attorney General Lanny Breuer told Taibbi. "HSBC [a British bank] would almost certainly have lost its banking license in the U.S., the future of the institution would have been under threat, and the entire banking system would have been destabilized."

Over the course of decades, the nation's bankers transformed into the modern mafiosi. Unfortunately, our modern media changed as well and are no longer equipped to tackle systemic, complex stories.

SOURCE: http://www.indyweek.com/indyweek/torture-spying-and-net-neutrality-make-the-annual-list-of-important-stories-ignored-by-the-mainstream-media/Content?oid=4294655



The Agonizer is completely uneffective. Mr. Kyle, your Atomizer, please.