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Obama to Indict Crooked Bankers?

By       Message Rafe Pilgrim     Permalink
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Is a Democrat victory in November more important than prosecuting criminal bankers?


...and do we care?
This note is being sent not to Republicans but to Democrats -- that is to those on my side of the partisan divide -- in the remote hope that we can look inside of our partisanship and question if our choice of leadership is doing the best thing for our country and for us.
The British government has punished Barclays Bank for criminally manipulating the LIBOR rate to the detriment of investors, including American (e.g. the City of Baltimore) in complicity with U.S. banks, and that the Chairman of the New York Federal Reserve, Timothy Geithner, was advised of this prior to his elevation to Secretary of Treasury by President Obama.
First and foremost there is the question: Will our Secretary of Treasury with his former attachment to Wall Street and the major U.S. banks, and our Attorney General who previously represented large New York financial interests, vigorously pursue an investigation of the complicity of American interests in the LIBOR criminality, and follow with indictments where warranted? A major issue bearing upon this question is, of course, to which major presidential candidate will this huge source of campaign funding direct its "contributions."
The second question is: Will we of liberal persuasion demand that such criminality be addressed and corrected, or will we retract into our partisan shell with the satisfaction that "our guys" are less-crooked than "their guys." Is it to be: What is best for America? Or what is best for "our party" and the "other party" be damned, and too bad about America?
It will be interesting to see how many of "our party" decide to pass these questions on to their respective communicants.
.....Ex-lifelong Democrat and Never a Republican -- Rafe Pilgrim
PS: More info on the LIBOR crimes in link below.
genuine people's party.
8-11-12: And now the answer to my own question:
Our Attorney General -- one must assume with agreement from his boss -- now announces he will not pursue investigation against bankers and Wall Street, despite a congressional request to do so.
"Then there's the graphic evidence of inactivity since the election of President Obama and the confirmation of Attorney General Holder, courtesy of Syracuse University's TRAC project." The graph shows significantly fewer federal financial fraud prosecutions under the Obama administration than under that of Bush's!
"Bankers have continued to collected huge salaries and bonuses, however, so the lack of criminal prosecution gives them no reason to stop committing crimes."
This note is sent to you from a person much further to the people's side of the political spectrum than is represented by the current indentured Democrat regime, in the hope that some may shed their partisan blinders and seek representation for the common good under a banner other than the false flag of the Democrats and certainly not under the Republicans. Summing up: America urgently needs a genuine people's party before the current bifurcated monster we now bow to destroys all decency of process and human dignity.
For more on the Attorney General's misrepresentations, see link below..........Rafe Pilgrim


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