Friday, February 17, 2012

Obama’s Mortgage Settlement With Wall Street Bilks American Taxpayers For Billions. Heretofore Unknown Settlement Details Called Scandalous.

Any time a politician is brokering a legal settlement, I want to know what the hell is going on and why(You need a free password to access the Financial Times.  As I have said before, it’s worth it.)  Did Charles Manson get a politically-brokered settlement for his egregious acts?  What’s the difference?  I am completely serious.  What is the difference?  Charles Manson, for all of his heinous acts, can’t begin to compare to Wall Street’s crimes against humanity including untold deaths of impoverished people by rigging commodity prices. 

After reading the settlement, former TARP inspector general Neil Barofsky remarked, “It turns the notion that this is about justice and accountability on its head.”.  Well, you had to know something was wrong when a politician was subverting the legal process to broker a settlement in lieu of potential legal prosecutions. 

Washington politicians continue to subvert our legal system and our Constitution for personal political gain.  How can we have such egregious wrongdoing on Wall Street and no CEO has been investigated or taken any legal responsibility?   Wall Street is a crime syndicate and should be investigated using RICO statues used to prosecute any organized crime syndicate.  Then it should be shut down and replaced with a public banking system outside of the control of political idiots.  Our political system is so massively corrupt words simply don’t do it any justice. 

posted by TimingLogic at 10:46 AM

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