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JoePhilly

(27,787 posts)

7. Can you name the specific crimes??

Reply to abelenkpe (Reply #5)

Mon Jan 2, 2012, 12:04 AM

Jan 2012

This is the rub.

In 1999, the Gramm-Leach Bliely Act was passed making pretty much all of the actions the financial companies took to cause the collapse LEGAL.

So, while we'd like to throw them in jail, they had protected themselves by getting a law passed back in 1999 that allowed them to do what we all wish they could now be prosecuted for doing.

That is the crux of the problem.

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37 replies

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Highlight:

Failure To Prosecute Banking THIEVES Legitimizes The Revolutionary Worldview [View all] kpete Jan 2012 OP

The Tea Party crowd wants Barney Frank, Chris Dodd, and other government/elected officials banned from Kos Jan 2012 #1

So it's the Tea Party's fault that no SomethingFishy Jan 2012 #3

Did you read the OP? The Tea Party doesn't give a fuck about prosecuting any banker from banned from Kos Jan 2012 #4

Because they want people to believe the government abelenkpe Jan 2012 #5

Can you name the specific crimes?? JoePhilly Jan 2012 #7

William Black disagrees with you dreamnightwind Jan 2012 #10

The problem is that proving Fraud is incredibly difficult. JoePhilly Jan 2012 #14

Did you even read the article? dreamnightwind Jan 2012 #29

sorry this escaped me abelenkpe Jan 2012 #32

Of course. JackRiddler Jan 2012 #34

Fraud laws are flexible enough. JackRiddler Jan 2012 #33

Yup, same could be said for the Bush administration SomethingFishy Jan 2012 #2

It legitimizes the far right and "libertarians" MFrohike Jan 2012 #6

Agreed. And what did failing to even CHARGE war criminals for torture? Bonobo Jan 2012 #8

This is an OP you can believe in... good subject, kpete MrMickeysMom Jan 2012 #9

It is fine to blame the elected officials malaise Jan 2012 #11

I blame the Congress, they controlled the purse strings and deliberately unfunded the regulators. freshwest Jan 2012 #15

People should be prosecuted for breaking the law, not because you don't like their faces. Donald Ian Rankin Jan 2012 #12

One could make the argument that they were committing theft... Taitertots Jan 2012 #13

"relaxed"? Try DEregulated. "Entirely legitimate"? getdown Jan 2012 #17

What do you think "legitimate" means? N.T. Donald Ian Rankin Jan 2012 #19

more than getdown Jan 2012 #21

Do you think that people who have done things that aren't illegal should be prosecuted? N.T. Donald Ian Rankin Jan 2012 #22

I think getdown Jan 2012 #23

Do you think they should be prosecuted, as the OP called for? N.T. Donald Ian Rankin Jan 2012 #24

criminals should be prosecuted getdown Jan 2012 #26

And people whose actions were not illegal, but still don't meet your definition of legitimate? N.T. Donald Ian Rankin Jan 2012 #27

already answered that getdown Jan 2012 #28

No, you've very carefully avoided answering it. N.T. Donald Ian Rankin Jan 2012 #30

i answered getdown Jan 2012 #31

Indeed fascisthunter Jan 2012 #16

aren't these the people getdown Jan 2012 #18

All of this is based on one premise treestar Jan 2012 #20

You're highlighting the need for RICO. JackRiddler Jan 2012 #35

K&R! Fire Walk With Me Jan 2012 #25

Rather blame the economic system which puts them in an unassailable position. blindpig Jan 2012 #36

Absolutely! Quantess Jan 2012 #37