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This is big, and it will get your blood boiling. When the fox is guarding the chicken coop eggs will cost you more than you normally would pay.

The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix

And, our government is enabling them!

Two of America's top law-enforcement officials, Attorney General Eric Holder and former Justice Department Criminal Division chief Lanny Breuer, confessed that it's dangerous to prosecute offending banks because they are simply too big. Making arrests, they say, might lead to "collateral consequences" in the economy.

The message that our Justice Department is sending to the banks is, go ahead and screw people. We won't do anything about it!

I've got mixed feelings about Matt Taibbi, but I admire his passion in pursuing the LIBOR scandal, global banking entities like Goldman Sachs and their alumni, and the in-your-face crony capitalist credo of "too big to fail". Thanks for the link.

A cynical person might say that prosecuting them would affect any bribes they're paying, but there's no reason for anybody to be that cynical about the current administration. Right?

baldeagle wrote:http://www.rollingstone.com/politics/ne ... t-20130425

This is big, and it will get your blood boiling. When the fox is guarding the chicken coop eggs will cost you more than you normally would pay.

The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix

And, our government is enabling them!

Two of America's top law-enforcement officials, Attorney General Eric Holder and former Justice Department Criminal Division chief Lanny Breuer, confessed that it's dangerous to prosecute offending banks because they are simply too big. Making arrests, they say, might lead to "collateral consequences" in the economy.

The message that our Justice Department is sending to the banks is, go ahead and screw people. We won't do anything about it!

Shouldn't be a surprise, this was obvious way back in 2008, when with 90% of the country against the moral hazard of bailing these criminals out, the political class spit in all our faces and did it anyway. The rule of law is dead in this country --we've reverted to rule of men.

It would be nice if instead of "too big to fail" these banks were "too small to cheat".....

gthaustex wrote:It would be nice if instead of "too big to fail" these banks were "too small to cheat".....

If I had my way, we would be back to no branch banking and Glass Steagall before sundown. In my experience, and that goes back quite a few decades now, a bank that is big enough to have a Regional Vice President is too big.

"Know your customer" would mean that you don't need account numbers. If you don't know who the customer is when you look at his check, you don't know your customer.