Wall Street Thugs Apoplectic Over Sanders: Prosecutions Would Be a Reality
It’s no secret that global investment banking firm Goldman-Sachs represents the cancer that Wall Street and the billionaire class have become on the body politic. That particular firm was one of the primary culprits in the sub-prime mortgage crisis that nearly brought down the world economy. It was one of the big beneficiaries of Uncle Sam’s largess when the company came hat in hand, begging for a bailout and threatening our economic system if it didn’t get its way. Apparently, the fact that Presidential candidate Bernie Sanders has been speaking out so forcefully again Wall Street greed and corruption has Goldman-Sachs CEO Lloyd Blankfein a bit flustered. He’s now calling Sanders’ candidacy a “dangerous moment” for the nation.
It’s probably personal for Blankfein, though he denies it, explaining that he’s never met Sanders in person. Last month, when Bloomberg asked the Progressive statesman for an example of corporate greed, Sanders mentioned Blankfein by name. In turn, Blankfein has declared that Sanders’ ongoing attacks on bankers and “the billionaire class” could pose a threat – not only to his fellow oligarchs, but “for anybody who is a little bit out of line.” He goes on to say that
It’s unclear what exactly Blankfein is referring to, but it is plain to see that he is feeling threatened. While Blankfein and his fellow Wall Street bankers prefer the GOP, they can work with the Democrats (indeed, Blankfein and the Clintons go way back). Generally, the oligarchy hedges its bets by giving money to candidates of both parties, which is why the system continues to be rigged in their favor – and against everyone else.
It’s also why Americans across the political spectrum despise and distrust Wall Street as well as politicians. The problem for Blankfein is that Sanders cannot be bought – and increasingly, voters are seeing it.
more
http://trofire.com/2016/02/05/wall-street-thugs-apoplectic-over-sanders-prosecutions-would-be-a-reality/
= new reply since forum marked as read
Combined, the bankers will spend 74 years behind bars. While critics of such stringent treatment of the business community often warn that cracking down on finance hurts the economy, Iceland’s experience has shown it’s possible to pursue corporate accountability and broad growth at the same time.
The American form of justice for banking titans has been rather less robust. Prosecutions for all white-collar crime are at a 20-year low. Criminal prosecutions of corporations dropped 29 percent from 2004 to 2014.
Instead of trying to make cases in court, the Department of Justice (DOJ) has sought settlements in a long list of cases tied back to the crisis and its fallout. Most did not require the company that bought its way out of prosecution to admit wrongdoing or even acknowledge the validity of the facts alleged by government investigators.
http://thinkprogress.org/economy/2015/10/23/3715775/iceland-jails-bankers-and-survives/
Oh to see Jamie Dimon in cuffs...
Sigh!
