They aren't.
Wall Street and the corporate world are clearly running the show, with little restraint so far, effective oversight or regulation.
Back to Degraw: "The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn't just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England" To the Fed's foreign primary dealers like Credit Suisse (Switzerland), Deutsche Bank (Germany), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas (France)" All their Ponzi players were "gifted." All the Racketeer Influenced and Corrupt Organizations got their cut.
"If you still had any question as to whether or not the United States is now the world's preeminent banana republic, the final verdict was just delivered and the decision was unanimous. The ayes have it".
I've been arguing for years that the market is rigged and that the major Wall Street firms are elaborate Ponzi schemes, as have many other people who built their beliefs on rational thought, reasoned logic and evidence. We already came to this conclusion by doing the research and connecting the dots."
Where does this leave us? Is there any hope?
The critics of the Fed see little:
There are some related developments underway that could shake things up.
The Bernie Madoff ponzi probers are targeting banks including HSBC that went along with his $65 billion dollar fraud. A Swiss bank has already admitted it was complicit. The FDIC is investigating officials from banks that failed. Bank Of America just coughed up millions for financingan illicit bond scheme.
At the same time, the "Justice Department" (sic) has mounted an investigation into insider trading. They say there are 343 criminal investigations underway but none against big players. (The NY Times says they are "chasing small timers.)
ProPublica wites: "Everyone is wondering: Where are the investigations related to the financial crisis?
John Hueston, a former lead Enron prosecutor, wonders: "Have they committed the resources in the right place? "
Nobody from Lehman, Merrill Lynch or Citigroup has been charged criminally with anything."
At the same time, Wikileaks is promising new revelations about financial chicanery at a major US bank that many suspect is Bank of America. On the housing front, many class action suits and investigations by state officials are challenging major fraudclosures.
The crimes of Wall Street may yet do the bonus babies in.
There is still a slim chance that, as the economy gets worse, the people of this country will finally get to see through the haze and the BS and act.
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