A shocking investigative report in Rolling Stone answers the question, “Why aren’t the Wall Street swindlers who brought down the world’s economy in jail?” Answer: They’re protected by the completely corrupt relationship between the crooks and the cops. They’re getting away with the biggest theft in world history because of the political payoffs, revolving door and cultural chumminess that glues together the financial chieftains at Citicorp, JP Morgan, AIG, etc. and high-ranking officials in the federal government, from the Securities and Exchange Commission to the White House. Ignore Matt Taibbi’s vulgarity and sad effort at gonzo journalism and focus on his reporting. Tidbit: No company’s executives gave more money to President Obama’s 2008 campaign than Goldman Sachs; and for his new chief of staff, he chose a top dog from JP Morgan. No wonder Obama can’t understand the rage people feel about the bank bailouts. Meanwhile, Public Campaign has a new report on the financial industry donations received by another group that can’t see straight, the majority of members of the House Financial Services Committee.
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It is disgraceful and those Wall Street Swindlers continue to get huge bonuses despite the rest of us suffering in this economy. Our home values are in the toilet and our country can’t generate jobs for its citizens. Something is definately broke.
Yes the relationship between these companies and Obama is too cozy for their mutual benefits. Another cozy relationship is between GE and Obama. His chief of staff just left GE. Why do you think they are pushing cap and trade for CO2 emissions? GE will profit from it.