President Obama, through his speeches and commercials wants you to believe that Wall Street is evil and that Obama is hot on their trail and throwing the crooked Wall Street thieves in jail.
And if you believe that, you would be wrong.
From The New York Times via Michelle Malkin: A criminal investigation into the collapse of the
brokerage firm MF Global and the disappearance of about $1 billion in
customer money is now heading into its final stage without charges
expected against any top executives.
After 10 months of stitching together evidence on the firm’s demise,
criminal investigators are concluding that chaos and porous risk
controls at the firm, rather than fraud, allowed the money to disappear,
according to people involved in the case.
The hurdles to building a criminal case were always high with MF
Global, which filed for bankruptcy in October after a huge bet on
European debt unnerved the market. But a lack of charges in the largest
Wall Street blowup since 2008 is likely to fuel frustration with the
government’s struggle to charge financial executives. Just a few
individuals — none of them top Wall Street players — have been
prosecuted for the risky acts that led to recent failures and billions
of dollars in losses.
But that should not surprise anyone since Obama is refusing to arrest, much less convict anybody.
I couldn't believe these statistics when I first saw them:
George Bush: 1300 Financial Fraud Convictions
Bill Clinton: 1000 Financial Fraud Convictions
President Obama: 0 financial Fraud Convictions
From the Dailybail.com:
Bush: 1300+, Clinton: 1000+, Obama: 0.0 (+/-)
Meanwhile, not a word of complaint from a single Democrat in
Congress, which is especially infuriating given the broad bi-partisan
agreement among voters that criminal bankers need to do time.
Too concerned with keeping up appearances and the next election cycle,
neither side of the false left-right paradigm of American politics is
capable of exposing its own filth when it comes to legitimate scandal, and this DOJ non-prosecution madness involving Goldman Sachs certainly qualifies as sordid.
Unfortunately, since it appears to the mainstream media that this is a partisan issue, and Obama is the anointed one, this story will get zero coverage.
“When we think of cronyism and the problems of cronyism and crony
capitalism, we think in terms of economic loss and gain,” Schweizer said
in a phone interview. “What we’re showing here is that cronyism is now permeating our justice system.
So, it’s not just a question of dollars and cents, it’s a question of
whether you’re going to face legal jeopardy or not on what you’re
“The issue of a revolving door — people who go in and out of, for
instance, the Department of Energy who go work for energy companies then
come back to the Department of Energy — is always there,” Schweizer
added. “But, we’re not used to associating the top leadership of the
Justice Department with the revolving door. And, I think that’s what
makes this so troubling — because you can’t trust them. All their
financial interests are tied up with these large firms that do an
enormous amount of business with Wall Street.”
In the report, GAI details how the George W. Bush and Bill Clinton
administrations both actually took down financial criminals — unlike the
Obama administration. Between 2002 and 2008, for instance, GAI points
out how a Bush administration task force “obtained over 1,300 corporate fraud convictions, including those of over 130 corporate vice presidents and over 200 CEOs and corporate presidents.”
“Clinton’s DOJ prosecuted over 1,800 S&L (savings and loans) executives, senior officials, and directors, and over 1,000 of them were sent to jail,” GAI adds.
But, despite having “promised more of the same,” especially
in the wake of the 2008 financial crisis, the Obama administration’s DOJ
has not brought criminal charges against a single major Wall Street
More lies from Obama, with the help of Shelly Berkley and Harry Reid.
Obama: worst president ever and most corrupt president ever.
Is it legal to...
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