Why isn't wallstreet in jail?

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NaughtyGeek

Golden Member
May 3, 2005
1,065
0
71
What exactly did they do?

Are you talking about the housing bubble? The one that was caused by government regulation and people buying homes they couldn't afford? Yea let's put Wall Street in jail for that!

Or maybe they caused this recession...? The recession that manifested after the housing bubble burst that Wall Street didn't cause.

I realize that in every crisis, there is a need to place blame. But really, why would you blame bankers? All they do is transfer wealth from place to place.

Maybe it's best that you don't advertise the fact you didn't read the article when responding to an OP about said article. Just sayin.


The only way to alleviate this monstrosity is to get Wall Street's money out of DC and anyone who still believe that's possible at the polls is incredibly naive or an eternal optimist.
 

wuliheron

Diamond Member
Feb 8, 2011
3,536
0
0
doesn't work like that. They lie lie lie to get elected. Then do what they want. If there was a mechanism to vote them out then obama would already be gone


That's a catch-22 in which case, you might as well stop voting altogether and show a complete lack of confidence in the system.
 

Phokus

Lifer
Nov 20, 1999
22,994
779
126


It actually kinda blows me away that some librarian gave Obama Taibbi's new book, Griftopia. Not holding my hopes that this leads to criminal prosecutions/new regulations though.
 

GeezerMan

Platinum Member
Jan 28, 2005
2,146
26
91
Anyone else tired of people calling Bernanke stupid ? I think he's very smart indeed. The Fed is beholded to its stockholders, just like any other corporation.

"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson
 

IceBergSLiM

Lifer
Jul 11, 2000
29,932
3
81
Anyone else tired of people calling Bernanke stupid ? I think he's very smart indeed. The Fed is beholded to its stockholders, just like any other corporation.

"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson

Blah Blah Blah they answer to congress blah blah blah. lol lol
 

Trianon

Golden Member
Jun 13, 2000
1,789
0
71
www.conkurent.com
Timmah's got our back...

U.S. Treasury Secretary Timothy F. Geithner said the economic recovery has put the world on a better footing to withstand the increase in oil prices caused by turmoil in the Middle East.

“The economy is in a much stronger position to handle” rising oil prices, Geithner said today during a Bloomberg Breakfast in Washington. “Central banks have a lot of experience in managing these things.”
 

Axon

Platinum Member
Sep 25, 2003
2,541
1
76
Anyone else tired of people calling Bernanke stupid ? I think he's very smart indeed. The Fed is beholded to its stockholders, just like any other corporation.

"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson

Oh, he's brilliant. He's a guy who, by most accounts, is the most powerful central planning figure in the world. I heard him speak recently and, for whatever reason, he started bemoaning about social security/medicare and other "entitlement" services, whatever he called it.

He went into a little bit of his overarching theory; that is, that because the U.S. possesses the capacity to print money, we should be capable of producing positive inflation at all times. Interesting stuff, though a little scary.
 

gingermeggs

Golden Member
Dec 22, 2008
1,157
0
71
Oh, he's brilliant. He's a guy who, by most accounts, is the most powerful central planning figure in the world. I heard him speak recently and, for whatever reason, he started bemoaning about social security/medicare and other "entitlement" services, whatever he called it.

He went into a little bit of his overarching theory; that is, that because the U.S. possesses the capacity to print money, we should be capable of producing positive inflation at all times. Interesting stuff, though a little scary.

People wonder why hitler and stalin agreed to chop up poland!
This is all just revenge of the Jews!
Unleash the Arabs onto them!
They know how to screw a Jew or two'
 

IceBergSLiM

Lifer
Jul 11, 2000
29,932
3
81
People wonder why hitler and stalin agreed to chop up poland!
This is all just revenge of the Jews!
Unleash the Arabs onto them!
They know how to screw a Jew or two'

stay outta this thread with your anti-semitism even if it is poorly executed sarcasm.
 

gingermeggs

Golden Member
Dec 22, 2008
1,157
0
71
Egypt has just shown the USA WHAT HAS TO BE DONE!
Clear the shelf off, you got weavels in your flour!
 

gingermeggs

Golden Member
Dec 22, 2008
1,157
0
71
stay outta this thread with your anti-semitism even if it is poorly executed sarcasm.

True- taibbi himself is probably of jewish background and he seems like a man with some ethical spine and some balls to back it up. Its just people I guess their no-goods!
Intoxicated with greed, they sell their own mothers to a brothel!
 

sandorski

No Lifer
Oct 10, 1999
70,633
6,196
126
where the fuck were all of you when people like me were clamoring to let it all fall apart? oh that's right you were telling me that 'we can't or we risk things that are much worse!' looks like you fell hook line and sinker. the only way to learn from a mistake is to let the hand that touched the flame feel the burn. to bad.... we could have came out of this a much stronger and smarter populace.

Letting it all fall apart would not have affected these guys one bit.
 

Jeff7

Lifer
Jan 4, 2001
41,596
19
81
That's a catch-22 in which case, you might as well stop voting altogether and show a complete lack of confidence in the system.
Or do write-ins, for what it's worth. That way you at least count toward the voter turnouts, and the write-in serves as a vote of no confidence in the worthless organ sacks that vie for office.
Voting for a rock would be preferable - it would at least exhibit complete inaction because of what it is, not through conscious choice to allow vast criminal conspiracies.


Matt Taibbi was on MSNBC. The revolving door segment almost made me puke:

http://www.youtube.com/watch?v=eg3b6_6xlAs

Money is Power and Wall Street has the most of both.
1) Get a job as a police officer. Learn how they detect and prosecute drug dealers.
2) Quit, and start dealing drugs. Make big money.
3) Go back to the police force, and put your street-learning to good use. Continue dealing drugs.
4) No jail time.



It is a funny mindset too. Mug one person, and you get arrested and charged with multiple crimes. Mug a few people, and maybe it's a felony or something. Mug tens of millions of people, and it's darn profitable and risk-free.

The thing of it is...what's to do about it, short of making threats that would likely land you in jail before anything useful could be accomplished? You can't threaten violent acts against any of these assholes, because it's a crime. But if the justice system won't give these people jailtime, and if the monetary penalties amount to an two hours-worth of work...what's left to do?

These folks do seem to scare easily enough though. Look what happened with the shooting in AZ - immediately there was that thing in Congress to make it illegal to have a gun within several hundred feet of a legislator. I'm sure it wasn't because they're just so darned devoted to work, and to keeping the country's government running smoothly - I'm sure it was because they were thinking, "Holy shit, some people are getting seriously pissed off! Keep them away from us!"
 
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