Right is wrong War is peace etc ect. As for Wall Street and government oversight it's go after the Low hanging fruit. Of all the blather about the con game on Wall Street we have yet to see one soul see the inside of a federal penitentiary. Yes there was Bernie but the only way he was caught was he gave himself up when he realized that he couldn't keep the game going. And now we have Mr. Gupta being the easy mark for federal investigators. I guess he didn't know how to fully erase his hard drives. I thought that was one of the first things they taught in business schools these days.
But I'd sure like to see the electronic trail left from the years leading up to the financial meltdown. And it's far from over. There is still all those mortgages to unwind if even they can be. This may take half a lifetime to get to the real truth and scope of the situation. And it's funny that there are now classes in forensic computer analysis and people trained to do the job but very few job offerings from what I'm hearing.
Truth? You can't handle the truth!
So carry on nothing to see here. Every thing is just ginger peachy.
6 comments:
Dammit, now I'm hungry. Any rich around here we can eat?
Wall Street will throw one to the wolves periodically. Gives the impression that the Regulators are doing their jobs. Wasn't there a vigilante group called the Regulators?
Lying is the new truth! The entire world has learned to lie and say what you want as long as you get what you want to follow a ones hidden agenda.
Like Average Patriot said.
If they have the goods on Gupta, he should by all means be prosecuted. But your point about low-hanging fruit is right. Having a bunch of banksters and investment-house crooks hauled off to prison would probably serve as credible deterrent for at least a few years. We don't even get that.
No, it's more important to look forward and let bygones be bygones, yada, yada.
It been that way forever, sacrificial lambs as we used to say.
Um, well it just so happens that my next post will address that being as I've pretty much already wrote it.
Hey, wall street is a ponzi scheme you know.
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