Sat Apr 17, 2010 5:50 pm
Looking back on it, I believe the US government delayed action because they were afraid to break the stock market bubble due to the economy being too weak. It seems as if Geithner and Obama had a plan as to how to tackle this thing. It amounted to being cowardly in my estimation. It's been known for a long time that fraud occurred and who committed it. By failing to prosecute, more fraud was allowed to occur and as John and others have said, the same people were allowed to be in place and have done it again. It's like a chronic sickness or a biting reflex that can't be stopped. It appears that with the economy improving slightly (stabilized might be a better description) and stock prices in a new bubble that is growing untenable, the decision has been made to finally go ahead and prosecute the fraud. The upcoming elections would also play a role in that decision, although I think Washington has lost Main Street forever and there will be retribution at the polls in November and, if not, revolution and breakup of the country.
As this wave of revolution inexorably approaches, the politicians will try to separate themselves from the banks in order to save themselves. The banks will become the whipping boys and there will be Promparty style show trials of the bankers. I barely remember Watergate but envision something like that. I expect the SEC, the FBI and the Justice Department to be involved and, as John stated, this drip will turn into a torrent.
True H.
https://themarshallreport.wordpress.com ... -this-one/
http://senatusconsultum.eu/
Tue Dec 17, 2013 3:55 am
Are you starting to get the picture?
Our economic infrastructure is being absolutely gutted and more than 46 million Americans are now living in poverty.
And if you are waiting for the jokers in Washington D.C. to fix things, you are going to be waiting for a very, very long time.
Over the past several years, both the Democrats and the Republicans have proven again and again that they are basically
completely and totally useless.
Adjectives are just messengers being shot.
