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"We put a thousand elite bankers in jail" [View All]

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jtuck004 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-01-11 02:03 AM
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"We put a thousand elite bankers in jail"
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Edited on Tue Nov-01-11 02:04 AM by jtuck004
Bill Black at OWS, talking about the results of the S&L crisis of years past. You can listen to it here.

To put it in perspective, as he says, the control fraud that brought us our current crisis was 70 TIMES the size of that scandal. 2 million documented cases of fraud, the vast majority mortgage originators who put the "liar" in "liar's loan". And no one has gone to jail. Yet.

Instead we let them sit in their offices and laugh at the people in the parks, at the Marine laying in the hospital.

Maybe we can work on that.
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