Now it begins to make sense

[Don M.]

It has been about 7 years since the financial meltdown almost drove this nation into a 2nd Great Depression. It is pretty much a given that this crisis was created by the crooked dealings by some of the major banks. In a similar scenario, back in the 1980's, in the aftermath of the S&L crisis, dozens of these shady banking executives were fired, and served time in jail. Yet, in this latest fiasco, virtually No high level executive has been indicted, and many people wonder why not.

Perhaps now, we have the answer. It appears that Eric Holder may have been using his position as Attorney General to "Audition" for a very lucrative position with Covington and Burling...a high level defense firm that represents most of the major banks.

http://finance.yahoo.com/news/justice-department-policy-brutal-admission-100000476.html

Now that the Statue of Limitations has pretty much given most of these crooks a Safe Passage, it appears that Holders successor, Loretta Lynch, is coming up with a new plan that will probably be little more than Political Posturing during an election year, so as to make some people think that Washington actually gives a hoot.

http://www.thedailybeast.com/articl...new-war-on-wall-street-in-a-joke.html?ref=yfp

 

[WhatInThe]

Yup, He could go down as the worst AG in history and he will still have a job for life. It's a paper resume. How do you think he got to be a name tossed around in political circles in the first place. It was a bit of conflict of interest but since no real informal investigation there was nothing to recuse himself from technically. Let a faux watch dog department like the SEC say there's nothing here move along and you are in the clear.

Another tip with/on Holder was there was information on the GM ignition recalls much earlier and he might have been told or decided to back off himself to make appear the government backing of GM and others was justified. Also a lot of union support in the auto industry.

The big tip for me was that Elizabeth Warren seemed to cool her heels pretty fast into the administration. She was all gung ho filled with rhetoric then low and behold the typical career path of a "professional" politician. It's like someone pulled her aside and said look, don't bite the hand that feeds us, shut up now and we will groom you to do want you want later ie her senate seat.

Should add new ag seems to be targeting executives and ceos. The problem with Wall Street are the boards of directors which are supposed the internal over sight of these companies but they wind up being a rubber stamp for executive policy. Those are some of the real enablers of Wall Street.

 

[imp]

Stinks. Like most everything about politics. I'll say no more, save for, I wonder what AZJim will have to tell us? imp

 

[AZ Jim]

Some reason I need to tell you anything Imp?

 

[imp]

Well, yeah! You support I think, the "elected officials", whereas I view nearly all of them as crooks.

So, we differ in that respect, and I figgered you would want to "call me out".

No big thing. It's all bigger than any of us, anyway. imp

 

[AZ Jim]

Well, yeah! You support I think, the "elected officials", whereas I view nearly all of them as crooks.

So, we differ in that respect, and I figgered you would want to "call me out".

No big thing. It's all bigger than any of us, anyway. imp

Have a nice evening Imp.