Just so you will know, that article by Matt Taibbi of Rolling Stone
"The Scam Wall Street learned From the Mafia" is about ongoing trials
of THREE men connected with the big banks who committed the illegal
fraud of bid rigging and more. One, I believe, has been found guilty
and will be going to jail. The point is at least some are being brought
up on charges and MORE will so things ARE being done albeit slowly and
NOT reported well by the lame stream media. The are being prosecuted in
NY. My point:
This article should not leave you hopeless -- although I can see why
many of us are -- some of the perpetrators will go to jail and it is
just the beginning and that is the ONLY way these malodorous corrupt
jerks will KNOW that they cannot do this again. Fines do nothing
because when you are with a firm making trillions a fine of say 50 or
100 million is a slap on the wrist. NO they need to know these Wall
Street banksters AND the big CEO's who run them will be sitting in a
cell where their hundreds of million dollars will not matter. The
convicts they will be with will be in part made up of the of the lower
rung of the 99% and will NOT look kindly on the banksters and that is
an understatement. Do I want a pound of flesh -- YES I want a TON!
They need to suffer as the WORLD has desperately suffered for one of the
most egregious economic Wall Street crimes in history of this country
maybe even all history of mankind because we are a globalized world and when
America sneezes the world catches not a cold but diphtheria. People
die revolutions occur especially in Europe and ... MANY of those
affected will continue to die. THIS is the stuff of which Nazism and
other social revolutions are born.
For those who think your lives are too filled to pay attention I humbly
suggest you DO as your children and your grandchildren and you too will
suffer on a scale heretofore unknown. In my novice opinion as in Paul
Krugman the NYT academic economic genius's opinion what happened in 2008
and continues is a Depression and in another humble opinion of mine it
is BIGGER by FAR than the Great Depression of 1929. The market does NOT
regulate itself but it requires those in government of the HIGHEST
ethical standards to be elected and it requires those on the Supreme
Court who are not tied to Wall Street's unethical hip creating a rancid
decision like Citizens United or that making corporations people
putting BILLIONAIRES in charge who know no ethics. It's NOT,
understatedly, fair. Vet, ALWAYS vet backgrounds.
It was done by a combination of Wall Street anarchy, greed, hubris and
an unethical bastion of sinful behavior, fueled by HUGE money, an
utterly corrupt American political system of big money owning the
Congress and the courts worst of all the no ethics five on the Supreme
Court and astounding public ignorance -- including my own
ignorance then. Well, I am ignorant of economics no longer. I may not
get all the minutiae and mathematical algorithms but I get the general
excremental-beyond- words behavior.
PAY attention to elections! They matter especially local AND most
especially Congressional federal elections. If you care about your
economic condition you would NEVER EVER EVER put the party of these
greedy bast$%#s of the 1% in power again. AND you should make your voice
known to the president (hopefully a Democratic one) that you WILL watch
his behavior scrupulously and who he hires for the most important
financial cabinet positions. The foxes CANNOT guard the chicken coup.
Look for candidates like Elizabeth Warren who truly do like Krugman
KNOW what happened, want to fix it with honesty and ethics and NEVER
NEVER let this happen again!!
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