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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsToday is the end of the 90 day period Holder gave to indict Banksters for the Financial Crisis
Must be a large number of stories on this, right? Right? Anyone? Anyone? Buehler?
hobbit709
(41,694 posts)After all the dopers didn't contribute millions to the campaigns.
Wilms
(26,795 posts)...but not much more that I'm aware of.
A real failure.
daleanime
(17,796 posts)1StrongBlackMan
(31,849 posts)n2doc
(47,953 posts)He must not have informed his successor about it. Darn. We could have had Justice but for that one fatal flaw....
TBF
(32,086 posts)and move more jobs overseas ...
IDemo
(16,926 posts)Jack Rabbit
(45,984 posts)Actually, I didn't notice it. I really don't remember his announcement of a 90-day period. If I did see it, I just didn't take it seriously enough to remember it. It was hard to take anything Holder said about indicting Legs Dimon or Pretty Boy Lloyd seriously.
C'mon, Doc. Don't tell me you took Holder seriously.
The fact is that not frog-marching Jamie Dimon and other banksters to stand trial under federal indictments over the 2008 meltdown is the major failure of the Obama administration. He will leave office in 2017 without any adequate regulation in place to assure that such a meltdown will not happen again The banking industry needed to be re-regulated and it wasn't. The Glass-Spielgal Act is still under repeal. Banksters are still gambling with our savings and if they lose it, they'll reimburse the casino crowd before they reimburse us. They haven't mended their ways at all from how they did business before the meltdown. If they're caught doing anything illegal, they negotiate a plea where they pay a light fine that's far less than they made from criminal activity. That's not the way to make criminals mend their ways.
The banksters, of course, like this arrangement. Legs Dimon arrogantly told Senator Warren "so, hit me with a fine; we can afford it." Criminals like that are never too big to fail. They're just too big for their breeches.
Unknown Beatle
(2,672 posts)I'm stealing those, the names, not the actual persons, although I do wish there would be a bounty on their heads for financial crimes - bank robbery. It's so simple that it makes me wonder why I didn't come up with those names.
erronis
(15,328 posts)It's got to be hard to be on the point for so many years. One by one the ones that Did Look Like they Gave A Splat (maybe) are finding other things to do.
Don't worry, the same Too Big To Prosecute Friends-of will still be there to be prosecuted. The same corporations will pump sewage into our environment and bodies and will pump money into the political process.
The next administration can deal with them, just like the Bushies left the mess in the ME for the next can-kicker.
sulphurdunn
(6,891 posts)to indict the guys your boss plays golf with.
zeemike
(18,998 posts)The 90 day rule was just to put it to bed.
woo me with science
(32,139 posts)suggesting that it was just about to happen?
Many statutes of limitations expired years ago. Those deadlines always pass very quietly, just like the stories we kept trying to keep in the news months ago about how criminal bankers have been actively PROTECTED and those who tried to expose them fired or jailed.
The depth of the corruption is staggering and horrific.
Doctor_J
(36,392 posts)Hotler
(11,443 posts)Duval
(4,280 posts)blackspade
(10,056 posts)And the Banksters walk free...as usual.
One_Life_To_Give
(6,036 posts)As much as we don't like him. He and G H put nearly a thousand bankers away. The current admin prosecuted one Ponzi schemer.
Now that is truly sad!
n2doc
(47,953 posts)Why Only One Top Banker Went to Jail for the Financial Crisis
On the evening of Jan. 27, Kareem Serageldin walked out of his Times Square apartment with his brother and an old Yale roommate and took off on the four-hour drive to Philipsburg, a small town smack in the middle of Pennsylvania. Despite once earning nearly $7 million a year as an executive at Credit Suisse, Serageldin, who is 41, had always lived fairly modestly. A previous apartment, overlooking Victoria Station in London, struck his friends as a grown-up dorm room; Serageldin lived with bachelor-pad furniture and little of it his central piece was a night stand overflowing with economics books, prospectuses and earnings reports. In the years since, his apartments served as places where he would log five or six hours of sleep before going back to work, creating and trading complex financial instruments. One friend called him an investment-banking monk.
Serageldins life was about to become more ascetic. Two months earlier, he sat in a Lower Manhattan courtroom adjusting and readjusting his tie as he waited for a judge to deliver his prison sentence. During the worst of the financial crisis, according to prosecutors, Serageldin had approved the concealment of hundreds of millions in losses in Credit Suisses mortgage-backed securities portfolio. But on that November morning, the judge seemed almost torn. Serageldin lied about the value of his banks securities that was a crime, of course but other bankers behaved far worse. Serageldins former employer, for one, had revised its past financial statements to account for $2.7 billion that should have been reported. Lehman Brothers, AIG, Citigroup, Countrywide and many others had also admitted that they were in much worse shape than they initially allowed. Merrill Lynch, in particular, announced a loss of nearly $8 billion three weeks after claiming it was $4.5 billion. Serageldins conduct was, in the judges words, a small piece of an overall evil climate within the bank and with many other banks. Nevertheless, after a brief pause, he eased down his gavel and sentenced Serageldin, an Egyptian-born trader who grew up in the barren pinelands of Michigans Upper Peninsula, to 30 months in jail. Serageldin would begin serving his time at Moshannon Valley Correctional Center, in Philipsburg, where he would earn the distinction of being the only Wall Street executive sent to jail for his part in the financial crisis
the rest at the link
woo me with science
(32,139 posts)woo me with science
(32,139 posts)CharlotteVale
(2,717 posts)woo me with science
(32,139 posts)n2doc
(47,953 posts)woo me with science
(32,139 posts)Fumesucker
(45,851 posts)woo me with science
(32,139 posts)woo me with science
(32,139 posts)Scuba
(53,475 posts)Holder can only do what his bosses tell him to do.
RandiFan1290
(6,239 posts)Right, guys?
woo me with science
(32,139 posts)RandiFan1290
(6,239 posts)woo me with science
(32,139 posts)Octafish
(55,745 posts)I also suggested if the Iceland Option doesn't work, we try the Saudi Option.
JEB
(4,748 posts)woo me with science
(32,139 posts)n2doc
(47,953 posts)He really should have noted Holder's 'deadline'...