Thursday, February 17, 2011

Why Isn't Wall Street in Jail?

If you have a few extra minutes, you should try and read this. I read it a few days ago, it is a 30 minute read. I think it will give you the size, scope, and widespread corruption that is Wall St. In addition, you can see just how useless government enforcement truly is. Completely co-opted and corrupt. By Rolling Stone, at the link: http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216

I had to snip one little piece. Remember Obama saying, "We aren't going to look back, we are going to move forward" right after he took office? Maybe this had something to do with that.

As for President Obama, what is there to be said? Goldman Sachs was his number-one private campaign contributor. He put a Citigroup executive in charge of his economic transition team, and he just named an executive of JP Morgan Chase, the proud owner of $7.7 million in Chase stock, his new chief of staff. "The betrayal that this represents by Obama to everybody is just — we're not ready to believe it," says Budde, a classmate of the president from their Columbia days. "He's really fucking us over like that? Really? That's really a JP Morgan guy, really?"

2 comments:

rawmuse said...

Meet the new boss, same as the old boss.

conservativesonfire said...

A great find, Brian. Taibbi is as left as one can get but he does turn up some interesting stuff. I have referenced him many times on an earlier article
http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405

I think he has a pretty good handle on the crooks at Goldman Sachs.
Thanks for the link. I saved the article.