WASHINGTON, Aug 9 (Reuters) - The U.S. Justice Department said it will not pursue criminal charges against Goldman Sachs Group Inc or its employees related to accusations that the firm bet against the same subprime mortgage securities it was selling to clients. The decision not to prosecute Goldman, a firm held up by critics as a symbol of Wall Street greed during the 2007-2009 financial crisis, highlights the difficulty in prosecuting crisis-related cases. Few expected the bank to face criminal charges, but in April 2011, U.S. Senator Carl Levin asked for a criminal investigation after the subcommittee he leads spent more than a year looking into Goldman. The accusations were aired in a heated 2010 Congressional hearing in which Levin grilled Goldman Chief Executive Lloyd Blankfein for hours about whether it was morally correct for the firm to sell its clients products described internally as "crap". http://www.google.com/url?sa=t&rct=...6oCgBg&usg=AFQjCNHH7q2RKtlq7ToqAKSYaM1zX703Fg So after all of this time waiting to watch the hammer fall nothing happened to the businesses that started the recession to begin with. Even though they did many illegal things the government couldn't seem to find anything they did wrong, criminally speaking. Seems I'm in the wrong business for I should start my own financial company , screw everyone out of their money, go to the government for a free bailout after I hide all of the money I stole and look like a clean, nice legit company. Now I know where I went wrong in life, I was to FUCKING HONEST! I must start anew and get a loan from Goldman Sachs to begin with to help finance my own way to screw everyone. I'll just tell them I have a great deal for them and con my way into their business like they did everyone who believed in them. Please Register or Log in to view the hidden image!
I'm surprised by the fact that Goldman Sachs is still in business with the hit their reputation has taken these past few years. How does anyone trust anything they say/do? Are they simply too much a part of the system to die?
Unsurprising. This will carry on until the masses realize that the government is not there to help them, but to help the 1%. But hey, even Marie Antoinette got what was coming to her.
You are more than in the wrong line of business; like most Americans you are at the wrong end of the economic scale. As the old expression goes, money talks, and it talks loudly in Washington. You don’t have to be in business at all. All you need is money and a lot of it to get what you want in Washington. As I told you in another thread, Goldman and their cohorts used the power of their money to get congress to change long established laws/regulation, making what has historically been illegal, legal. That is how they avoided prosecution. Ironically, Republicans want to do it again including repealing the banking reregulation sponsored, passed and signed into law by Democrats.
I think the facts speak for themselves. Democrats are not the homogenous group you find on the Republican ticket where dissonance is punished and they all talk alike to the point of using the same words and phrases verbatim in responding to issues. Democrats are a broad conglomeration of diverse individuals. They definitely don’t all think alike. They range from ultra-liberals to ultra conservatives (e.g. blue dogs). So some Dems are and some are not. The current crop Democrats in power realize their power base relies on the wellbeing of the middle classes, are much more honest and open, and are better advocates for the average Joes and Janes than anyone else or any other party.
and here we go into La La land again... Yes RedStar most politicians (of all stripes) are easily bought off - particularly Democrats. Republicans usually have an agenda and ideology that they want to lower taxes. So, they're not being 'bought off'. It's their inherent bias to support big corporations through tax reduction and they make no bones about it. Which, as long as those corporations are Banks, most Progressives like Obama also support. Both sides are mainly composed of narcissistic demagogues that will say and do anything that might help them better get a good secure mouth-grip onto the public teat. They'd sell their own mother out if they thought it'd get them a vote. You know you're dealing with a narcissistic demagogue when they pull out a slogan like "Yes We Can" or "Change We Can Believe In" but never actually tell you Yes we can ... what? Or What exactly IS the change we're going to get? They just keep repeating the slogan over and over and over and the Cattle moo moo in tune and off they go. That they gather around them enough followers that some become apologists (like Joe) is so astounding I think it'd be worthy of Scientific inquiry. I'm not saying slogans are bad, but they have to have some sort of meaning. End the Fed by contrast is explicitly saying: I'm here to END the Federal Reserve. Yes We Can OTOH is pure meaningless gumbo only a small child would believe and an adult that hasn't actually grown into a mentally full functioning adult. Pretty much most of the American electorate.
You appear to be seeing demagoguery everywhere but where it really is Michael. You are redefining the lexicon again in order to achieve your partisan objectives. As pointed out to you on many occasions, why do you think that the people supporting, leading and financing your political movement are the very “corporatist” you like to complain about?
