Below is a video of Elizabeth Warren asking a couple of simple yet refreshing questions such as “When was the last time you took the Wall Street banks to trial?” She’s speaking to the top cops of the agencies that in an ideal world might regulate wall street and the banking industry: FDIC, SEC, OCC, CFPB, CFTC, the Fed and the Treasury.
I hear that time is running out. The statute of limitations in federal securities fraud cases is normally five years.
A minor detail, really. If you ponder justice in America, you’ll remember that we have a surplus! Think of Guantanomo. NDAA. Military drones in secret places that don’t stay secret for long. Even our smallest small towns get Homeland Security money for security cameras and body armor in case they need to maybe harass some Occupy protesters. The U.S. has the highest incarceration rate per capita in the world! Like McGruff the Crime Dog, we take a bite out of crime. And another. And another.
In response to Elizabeth Warren, Thomas Curry replied, “We do not have to bring people to trial,” and that his agency has secured “consent orders”, or what you might call legal “settlements”.
“Have to”? As if trials were a burden! The U.S.A. is a creative and a cruel country given to cheering for dictators executed and dumped at high seas. Not that I propose that for financial criminals. I propose something from our colonial days [see below].
If Elizabeth Warren’s questions got you revved up on this topic, you really should see this must-see Frontline piece which asks, “..why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages”.
Frontline also has a series of articles of a similar vein right here.
An image on facebook today.