Clinton can NEVER get away from repealing Glass/Steagal. The Wall street Mafia needs to be put in jail.
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Right. Heās unfairly painting the concerned citizens of this country as being unruly, bloodthirsty killers. Heās a Corporatist tool.
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The obvious answer to that problem is doing nothing I guess.
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Aināt it the truth. DLC created a situation where banks could parlay both parties, eliminating any threat to their insatiable appetites. And then Bush became president. Followed by Citizens United. Canāt ask for more than that. Life is good!
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But, but if you were to put them in jail and strip them of their money and power, you might as well cut their throatsā¦
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Maybe, but itās a start.
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The SEC tried to put some Bear Stearns executives in jail, and lost. They considered going after Angelo Mozilo, CEO of Countryside, but their experience with the Bear Stearnsā guys made them settle for hefty civil penalties and a lifetime ban on running another financial company instead.
Just like the Great Depression, where the Pecora Commission exposed a lot of risky and unwise practices, but resulted in no convictions, the Great Recession happened on such a massive scale that individual causes donāt figure.
Create a fraudulent Savings and Loan pyramid scheme, use power transferring tricks to brown out California and extort the state, and you can be prosecuted (unless you conveniently ādieā just before trial).
But when the whole system goes out of whack, and crumbles en masse when the bubble bursts, looking for individuals to blame isnāt likely to be fruitful. Especially when the previous Administration transferred a lot of the SECās enforcement capability into hunt for terrorists. Large scale financial fraudāwhich certainly occurred at Countryside, and almost certainly with the active aid of Angelo Moziloāis devilishly technical stuff, and very hard to prove to a jury.
With a failure as big as the Great Depression and the Great Recession, finding a few individuals who can somehow be considered responsible is a foolās errand.
Which is hard to accept. We like to have villains to punch out so we can ride off into the sunset as the credits roll. But setting up a system built for disaster isnāt the fault of individuals, itās the failure of us all to keep the game in a playable state.
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Hey brooklyn, you got that selective amnesia thing going on again? āwe need to change THE SYSTEM ā¦ā ?
Well we had the opportunity but do you remember January 11, 2009:
āWe Need to Look Forward as Opposed to Looking Backā.
But where does Benghazi figure into this?
Benghazi!
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to be fair, the DLC was able to triangulate the electorate that previously would not vote Democratic. It was inevitable that to articulate electoral victory starting in the 90ās the Democrats needed to make friends with Wall St. Where it all went bad was when the Dems felt like it was their duty to go past just friends and become courtesans. Speaking as an ex DLC guy who quit in the late 90s.
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ā¦and got elected. For shame!
Killing Lloyd, though an excellent suggestion and a great title for a book or movie, isnāt, as Iām sure fat free Big Dog knows, on the same level as actual justice in the minds of sane Americans. BTW, Lloyd deserves the dignity of a warm GMA or Today studio exit over any old dark alley.
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Thatās true. They had to win back the Reagan Democrats, but as you say, they didnāt have to shack up with the bankers.
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Billās right insofar as that would be necessary, but not sufficient.
Yep, thatās what we are all thinking. Our blood is boiling, because the justice system is awol on this.
Does the Bill Clinton Corp. have a consumer hotline we can dial?
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Thatās quite a sophisticated snark Ken. Especially loved:
āBut setting up a system built for disaster isnāt the fault of individuals, itās the failure of us all to keep the game in a playable state.ā Now thatās funny!
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Prison, like taxes, is for little people.
Letās make the sentence for stealing a million dollars a thousand times longer than the sentence for stealing a thousand dollars.
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Reminds me of an episode of Trailer Park Boys where Julian came up with a scheme to commit a series of small crimes that no one would get too upset about.
Hillary might need to put Bill in a box and not let him out until 2017. Heās clearly a loose cannon.
I have absolutely no lust for slitting the throats of anyone including the greedy CEOās.
I would like some justice though.
Re-payment and years of jail time sounds like justice.
Bill, cork your yapper you are not helping.
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