The slow motion financial holocaust has been underway for some time now.
Goldman Sach recently commented that we are in the third wave of the great crisis. What happened in 2008 remains directly relevant to the personal financial risk that most Americans face at the brink of the next phase of the collapse.
It’s almost like they’re looking for a sacrificial lamb… the banks have gotten away with murder too many times to count. Those who might be tried under a truly fair system instead stand firm with their understanding of impunity, an arrangement befitting their position and stature in society, that they will never be seriously investigated, much less prosecuted, for their role in the manipulation that caused the biggest problems.
Worse, it is utterly clear that Obama’s Justice Department went out of their way to avoid prosecuting Wall Street executives – even despite pressure from Congress’ Oversight Panel, created as a condition of TARP, to do so as a result of piles of evidence that criminal misbehavior was behind the worst of the collapse.
Attorney General Eric Holder was nominally in charge of the Justice Department’s investigations – and it is well worth pointing out that he spent the entirety of his time after being Clinton’s Deputy Attorney General, at Covington & Burling, a legal firm that specializes in representing top Wall Street institutions. Wikipedia notes:
This post was published at shtfplan on October 26th, 2015.
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