dagblog - Comments for " ‘Reckless Endangerment’ Authors Interviewed"

Here's another one going

we are stardust — Sat, 28 May 2011 02:04:24 +0000

In reply to ‘Reckless Endangerment’ Authors Interviewed

Here's another one going through that revolving door now; Judd Gregg to Goldman Sucks.

http://www.www.istockanalyst.com/business/news/5188930/judd-gregg-to-ser...

You got it, Dick. That Dems

we are stardust — Fri, 27 May 2011 20:54:14 +0000

You got it, Dick. That Dems are as complicit, and that a Democrat in the WH doesn't have his DoJ running investigations and prosecution is something we have to GET to help change it.

Pretty bleak assessment of fin-regs they made; they seem to be tracking the additions that the regulators were to have made. Arrggh.

I sure agree about the fines they've levied here and there; not any disincentive. Jail might be, eh? I guess the DoJ was letting the different banks know if they were about to be looked at, which gave them time and space to arrange a bit of a fine to pre-empt investigation and prosecution.

This really underlines

Richard Day — Fri, 27 May 2011 17:19:29 +0000

In reply to ‘Reckless Endangerment’ Authors Interviewed

This really underlines reasons for the lack of prosecution of these criminals doesn't it?

Revolving door is such a quaint term.

And the dems are involved as much as the repubs.

Although as has been pointed out in other blogs and sites it looks like there will be prosecutions as a result of the Levin Report and state actions.

The joke is that although fining the companies might take care of some partial losses by the public, management will just continue to pay themselves billions in bonuses.

Great links and great blog!

From Bloomberg:Off-topic,

we are stardust — Fri, 27 May 2011 17:04:06 +0000

In reply to ‘Reckless Endangerment’ Authors Interviewed

From Bloomberg:

Off-topic, washingtonsblog has a piece up called Are Our Leaders Incompetent...Or Just Pretending? In one section he mentions some of this administration's financial policies:

Obama's Economic Incompetence

Obama - like Bush before him - also appears to be totally incompetent with regard to the economy. He hasn't been able to rein in the giant banks or significantly lower unemployment. Obama is following disproven models, and has appointed economists who either helped cause the crisis in the first place, or who have drunk the kool-aid of failed economic theory.

But Obama has actually been serving "his constituency": Goldman Sachs and the other Wall Street giants which funded his campaign.

And as I pointed out last year, top economists running the Fed and advising Obama don't miss the dangers to the economy due to negligence, but because they are rewarded for doing so...(and there's more)