Thursday, November 29, 2012

This is what real democracy looks like.


  1. In the process of fixing the comments count problem this comment was accidently deleted:

    vza wrote:
    "There hasn't been any serious investigation of any of the large financial entities by the Justice Department, which includes the FBI," says William Black, an associate professor of economics and law at the University of Missouri, Kansas City, who, as a government regulator in the 1980s, helped clean up the S&L mess. Black, who is a Democrat, notes that the feds dealt with the S&L crisis with harsh justice, bringing more than a thousand prosecutions, and securing a 90 percent conviction rate. The difference between the government's response to the two crises, Black says, is a matter of will, and priorities. "You need heads on the pike," he says. "The first President Bush's orders were to get the most prominent, nastiest frauds, and put their heads on pikes as a demonstration that there's a new sheriff in town."

  2. Another comment deleted by accident. vza wrote:

    Holder must go!

    "We learn, distressingly, that “finance-fraud prosecutions by the Department of Justice are at 20-year lows.”

    "The Justice Department is stocked with a lot of people with experience defending financial institutions — including Attorney General Eric Holder, a former partner at Covington & Burling, which represents many of the worst of the mega-banks."