TYT: Obama: Wallstreet Did Nothing Illegal

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5. Except for thousands upon thousands instances of fraud, for which we sent people to jail

in the S&L fraud.

Such as those named in the recently filed lawsuit by the Federal Housing Finance Agency, here,:

FHFA Filings in PLS Cases, September 2, 2011:
Ally Financial Inc. f/k/a GMAC, LLC
Bank of America Corporation
Barclays Bank PLC
Citigroup, Inc.
Countrywide Financial Corporation
Credit Suisse Holdings (USA), Inc.
Deutsche Bank AG
First Horizon National Corporation
General Electric Company
Goldman Sachs & Co.
HSBC North America Holdings, Inc.
JPMorgan Chase & Co.
Merrill Lynch & Co. / First Franklin Financial Corp.
Morgan Stanley
Nomura Holding America Inc.
The Royal Bank of Scotland Group PLC
Société Générale

Misrepesenting value, for an investment bank, is a crime. And this lawsuit said they made a business practice out of that fraud.

William Black was in the big middle of the prosecution of those people, and lays out the case as to how the actions are very nearly the same, but the people that should be looking out for the most vulnerable are not doing what is within their power, http://onpoint.wbur.org/2011/10/18/prosecuting-wall-street .

It sounds like there is no one on the people's side.

Perhaps it is just seen as too inconvenient to investigate the players. Or maybe awkward, since we have hired several of them - for example Aide to Treasury Secretary Geithner Gene Sperling, (who made nearly a milllion dollars working for Goldman in 2008, now being paid by the taxpayers), and what part he might have played working for one of the firms that is now being sued and how that might impact the decisions made as he helps craft policy for the Treasury?

Then again, it's also awkward to have a country where 50 million people get food stamps and try to eat on $4.33 a day. Especially those who work all week, and will never see in their life what many of the people inthese companies made, from their fraud, in less than a year.

Please tell me how we can hire people from companies that were "perhaps immoral" and still let those kids go without food till they get to school the next day.