Most Popular Choices
Share on Facebook 65 Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds    H2'ed 3/11/11

Four Ticking Time Bombs That Will Soon Ignite a Revolution

By       (Page 1 of 6 pages)   52 comments
Follow Me on Twitter     Message Richard Clark
Become a Fan
  (108 fans)

As Paul B. Farrell says in a recent column, it's too late to jail bankster CEOs;   only a revolution could accomplish that.

 

"Put Goldman Sachs CEO Lloyd Blankfein in jail for six months, and all this will stop," a former congressional aide tells Matt Taibbi in his latest Rolling Stone attack, "Why Isn't Wall Street in Jail?   Financial crooks brought down the world's economy -- but the feds are doing more to protect them than to prosecute them."

 

Taibbi's right in one respect:   everyone knows Wall Street's run by a bunch of dictators who are doing more damage to democracy and capitalism than North Africa's dictators.   But jail the CEOs of Goldman, Citi, B of A or Morgan Stanley?   It's too late for that.  

 

Only a revolution will stop Wall Street's self-destructive form of capitalism  

 

During the S&L crisis two decades ago America had a backbone, indicted 3,800 executives and bankers, and put a thousand of them behind bars.   But today's leaders don't have the backbone to do something like that.   Besides, jail time for them won't take away the darkness consuming Wall Street's soul.   In addition, most Americans today are still politically asleep, in denial about the moral crisis facing America.   Only a revolution will wake them up.

 

Jail time for banksters?   Journalists have been beating that dead horse for three years.   Yes, jailing a few CEOs made sense, in early 2009.   But our still-wet-behind-the-ears president missed that opportunity, and for safety's sake surrounded himself with Wall Street insiders, just as Bush did with Blankfein's predecessor and others like him.  

 

Taibbi got it right in one respect:   Washington's error was in protecting Wall Street's billion-dollar crooks when it should have been prosecuting them for their criminal role in getting us into the 2008 mess.   But today the political statute-of-limitations has run out.   The jail solution is wishful thinking, like praying to the tooth fairy for a miracle.   Now is the time for a revolution, beginning on Wall Street.  

 

Jail Wall Street?   Old news.   They got away with it.   Obama chickened out.   End of story.

 

Next Page  1  |  2  |  3  |  4  |  5  |  6

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Must Read 10   Supported 9   News 4  
Rate It | View Ratings

Richard Clark Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Was Pat Tillman Murdered by an American Sharpshooter to Shut Him up?

New JFK assassination bombshells

Two U.S. presidents implicated by ex-CIA black-ops assassin

The cholesterol - heart disease scam: How the medical-industrial complex is raking in billions at our expense

Four Ticking Time Bombs That Will Soon Ignite a Revolution

The Ultimate Goal of the Bankster-led Political-economic Warfare Being Waged Against Us Is . . . ?

To View Comments or Join the Conversation:

Tell A Friend