georgephillip
Diamond Member
For the last 500 years (at least) the only thing worse for any politician than getting caught doing business with organized crime is to lose control of the revenue streams that elite criminal activity generates.When the Savings and Loan looting occurred hundreds of Wall Street losers faced prosecution and jail time...From Wiki:Nah, they love getting fisted by the invisible hand.
"The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of about 747 out of the 3,234 savings and loan associations in the United States.
"A savings and loan or 'thrift' is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual membersa cooperative venture known in the United Kingdom as a Building Society.
"'As of December 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion.' The remainder of the bailout was paid for by charges on savings and loan accounts[1]which contributed to the large budget deficits of the early 1990s.
American taxpayers and their descendants are on the hook for $trillions in Wall Street's latest looting. So far not a single Wall Street rich bitch has even been charged with control accounting fraud, and elected Republicans AND Democrats will send their own children to Afghanistan (Mexico?) before they will touch property crimes committed by Wall Street.
Savings and loan crisis - Wikipedia, the free encyclopedia
Maybe it's time to give Greens and Libertarians a try?
In fairness, if you are going after them, Fannie, Freddie, and HUD, all have allot to answer for too.
Absolutely fill the prisons with elected Republicans AND Democrats AND their bureaucratic tools from Barney Frank and Phil Gramm to Franklin Raines and Chris Cox.
The social networking made possible by the internet makes it possible to FLUSH hundreds (all right, maybe dozens) of incumbents from the US Congress in a singe November news cycle.
That's a political leap of faith, but it would generate authentic Hope and Change.