“Fight Against Stupidity And Bureaucracy”
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A few days ago I had a bit of a rant against the banksters. You’d have thought that would have done me for a while but there’s more, prompted by yet more procrastination and what can only be called undiluted BS from high government officials.
This time the main culprit is Attorney General Eric Holder, who Wednesday last testified before the Senate Judiciary Committee.
He told them that he is concerned that some institutions have become so massive and influential that bringing criminal charges against them could imperil the financial system and the broader economy.
Where have we heard that one before?
It’s just his version of the “too big to jail” bollocks that we have been hearing from these gutless government wonders for the past five years.
And unfortunately he isn’t alone in this cowardice. A growing number of lawmakers have effectively suggested the same thing.
Home of the brave? Not as far as these bureaucrats are concerned. They would much rather throw the weight of their bureaucracy against small businesses struggling to stay afloat in the economic storms created by the banksters than tackle the real problem, i.e. the banksters themselves.
On the brighter side, if there is one, Holder’s comments and those of his conspirators should bolster an increasingly vocal group of politicians who argue the nation’s biggest banks have become too large and need to be curbed.
Among this group are Sens. Chuck Grassley (R-Iowa) and Sherrod Brown (D-Ohio) who pressed Holder on the issue in a letter sent in February, airing their disappointment that no major criminal charges had been filed against banks or their employees in the wake of the financial crisis.
Also Sen. Elizabeth Warren (D-Mass.) blasted financial regulators during a separate hearing for failing to bring any major financial institutions to trial since the meltdown.
Of course when questioned by Sen. Grassley, Attorney General Holder tried to slither out of answering the issue by saying that, “The concern that you have raised is one that I, frankly, share.”
However, he then quickly added that ultimately the best deterrent would be if they could bring charges against individuals instead of companies, BUT that all of the bad behavior on Wall Street leading up to the crisis may not necessarily have been criminal and that his criminal team has been “as aggressive as they could be.”
In other words, too big to jail yet again. And the government, still afraid to act, continues to pretend to do something while actually doing nothing.
Pathetic!
So over to you America.
You elect these cronies and cowards, or the people who appoint them.
When are you going to demand they act in YOUR best interests and not in the best interests of the banksters?
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fasab 
You’re right in that those we elect should act in our interest, however the blame falls back on us when we assume they are doing so without actually keeping tabs because we’re too ‘busy’ or uninterested to be concerned. It’s only when the latest scandal, financial or otherwise, arises that we then start yelling. Ignorance is only bliss until it’s not.
You are correct. Too many politicians are in safe seats because a lot of people vote party lines instead of analyzing the candidate’s record. Sadly I doubt if that will change soon.
I read your post and it would be matter of changing some name and we would have a post of what’s happening in Spain currently.
Nice post sir!
Thanks. You could write a similar one for Britain and a few other European countries too. No governments seem willing to take these crook on.
I read this a few days ago, really spot on: “Institutions will try to preserve the problem to which they are the solution”
Good quote.
Just more evidence that of why people are fed up with Washington, thus react by re-electing the vast majority of incumbents.
You’re right. More’s the pity.
For gosh sake – prosecute & punish some of these greedy bleep-bleeps!
Well said.