Obama and Holder - Bed Buddies of Wal...

Obama and Holder - Bed Buddies of Wall Street

Posted in the Minneapolis Forum

Smart Liberal

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#1 Jan 10, 2013
There is an portion of Black America that hates Obama. I have followed Mr. Ford for quite some time. While he and I will rarely agree on a solution, we often agree on a cause.

Mr Ford offers a very interesting point of view.


Wall Street’s Untouchables

Wed, 01/09/2013 - 02:07 — Glen Ford

A Black Agenda Radio commentary by Glen Ford

The Obama administration is willing to cut an infinity of deals for the Lords of Capital. Two Crimes Of The Century in a row have produced no serious criminal prosecutions of individuals. Attorney General Eric Holder gave out “so many immunities from prosecution he looked like Abraham Lincoln on Emancipation Day.”

“The feds did what the government always does with Wall Street criminals: they settled.”

The federal government and the nation’s biggest banks have reached yet another settlement in the Crime Of The Century – or, one of those crimes that are supposed to come around only once a century but seem to pop up every year or so nowadays, as finance capitalism rushes towards its final collapse. The $8.5 billion deal is the second settlement in what was called the robo-signing scandal, in which banksters took possession of homes whose mortgages they could not prove they actually owned.

If ever there were a capital corporate crime, this was it – a mega-theft so monstrously destructive it merited French Revolution-style justice, with hundreds of one-way trips to the guillotine. Instead, what we got was presidential intervention, during Obama’s last State of the Union address, when he announced that there would be a settlement with the states to avoid state prosecutions of the banks. The robo-signing investigation would pass into the gentle hands of U.S. Attorney General Eric Holder, whom the bankers had no reason to fear, and the states would divide up $25 billion, much of which would never reach victimized homeowners.

This week’s second settlement of the same scandal is a bizarre derivative of the first deal. The banks had agreed to hire outside consultants to pour through their books to determine how many homes had been unlawfully seized, loan modifications wrongfully denied, and fees improperly charged. By late last year, the consultants were nowhere near finished, when federal regulators called off the exercise, calling it hopeless and too expensive. So, the feds did what the government always does with Wall Street criminals. They settled, this time for $8.5 billion – while consumer advocates say the actual damage to homeowners was many times that.

“The banks’ books are vast crime scenes.”

It’s an educated guess that the independent auditors took so long sifting through the records because the banks’ books are vast crime scenes, covered in the life’s-blood of millions of consumers. Not the kind of treasure trove of criminal evidence that one should rush through, if one is seeking justice. However, what this administration seeks is not justice, but settlements that allow the banksters to pay a fine, stay out of jail, and get on with crime as usual.

Eric Holder is the Settler-in-Chief. That’s his job. Remember that other Crime Of The Century, the LIBOR interest rate-fixing scandal, the one that reached into every crease and crevice of the world economy. Attorney General Holder vowed to build criminal cases against the perpetrators, which included virtually the entire U.S. and European banking cartel. What he did was give out so many immunities from prosecution he looked like Abraham Lincoln on Emancipation Day. In this way, lots of evidence is gathered, but nobody goes to jail.
For Black Agenda Radio, I’m Glen Ford. On the web, go to BlackAgendaReport.com .

Amused Slew

Kent, WA

#2 Jan 10, 2013
Wing nut garbage... LMAOROTFU~! Poor TrasyLiar, what ever happened to the bushwhacker ???

Trolls/ball sack boi<quoted text> If you can find a flux capacitor, I will travel back in time with Michael J Fox, log in to Topix, and complain about Bush, Sure! You wont catch me defending Bush. He made PLENTY of mistakes.
I have never said Bush didn't make mistakes. I will even admit that they affected Obama's presidency...

IrishMN <quoted text>
When have you ever seen me beating the drum for Bush by saying he did not start diggin us into the hole we are in?
The best thing Bush did was leave office.
We could not afford 4 more years of GWB.....

Yet, ALL of you hypocrite humper bois CRY, whenever we mention ANY Bush culpability !??? WOW ! What a pair.... Mae West would be proud of you boobs ! LMAOROTF !

Smart Liberal

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#3 Jan 10, 2013
On another thread I recently said, "you can't fix stupid". The comment above is proof of that.

Glen Ford is a very radical and extreme Leftist.

He also is an extremely smart individual - just to bad he is so misguided in what he believes is the solution to the problem.

Olathe, KS

#4 Jan 10, 2013
As long as these bankers are not brought to justice they will keep doing this, as they are doing (i.e. JP Morgan). This is what the left does not get. We do not need more regulations; we need enforcement of existing ones, and criminal prosecution of those who willingly break them.
Amused Slew

Kent, WA

#5 Jan 10, 2013
Why NOT post another lie... Poor TrashyLiar...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Minneapolis Discussions

Title Updated Last By Comments
News Woman's head stepped on by Rand Paul supporters (Oct '10) 4 hr Elightened Observ... 26,307
Rubio 6 hr FBI Dirty - Trump... 5
Haha no moore pedophiles!! 9 hr Davycrockett 7
Trump doesnt get it !! 13 hr Davycrockett 1
uss liberty, lavon affair (Jun '16) 13 hr The Cutter 8
Britain furious, Trump unapologetic as fallout ... 17 hr Davycrockett 23
San Francisco’s robot security guard freaks out... Wed Muslim Terror Att... 3

Minneapolis Jobs

More from around the web

Personal Finance

Minneapolis Mortgages