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The author, Gretchen Morgenson, wrote Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon with Joshua Rosner. Here's a review of it:

Fanniegate: Gamechanger For The GOP?

This may send Wall Streeters to prison

Charles Gasparino wrote the story at the last link.

1 posted on 07/08/2012 1:42:17 PM PDT by neverdem
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To: neverdem

“Getting Tough”?

That headline belongs under ‘humor’.


2 posted on 07/08/2012 1:52:47 PM PDT by PAR35
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To: neverdem

I can go to JAIL for selling unpasteurized milk and these bankers will never see the inside of jail. Two different rules. Jon Corzine walks free. He should also be in jail.


4 posted on 07/08/2012 2:09:12 PM PDT by BipolarBob
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To: neverdem

Gee, Banksters rigging rates for their own benefit? Whoulda thunk it!


6 posted on 07/08/2012 2:18:24 PM PDT by Tea Party Terrorist (Fast & Furious: Proof the Government should not have access to guns)
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To: wardaddy; Joe Brower; Cannoneer No. 4; Criminal Number 18F; Dan from Michigan; Eaker; Jeff Head; ...
The Obama Derecho: The damage from Obama will be lasting

Mark Steyn: American Twilight

For China, It’s All About America

Forbidden Science: Low Level Radiation and Cancer From hormesis to AGW

CANADA WANTS U.S. VETERANS FOR PIPELINE WORK Quick bonus link for vets

Some noteworthy articles about politics, foreign or military affairs, IMHO, FReepmail me if you want on or off my list.

7 posted on 07/08/2012 2:25:37 PM PDT by neverdem (Xin loi minh oi)
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To: neverdem

Bookmark for later.


8 posted on 07/08/2012 2:39:10 PM PDT by ConjunctionJunction
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To: neverdem

How much do you want to bet NO ONE goes to jail? I’ve caught flak before and have been call a communist and worse for saying this, but it won’t stop me from repeating it! The corner three card Monte dealer is more honest than most of the ‘Too Big to Fail’ banks and investment houses. And face it the Monte dealer who ‘scams’ a few hundred is a thousand times more likely to go to jail that the ‘banksters’ that are stealing millions.

There is a war on the free markets and it’s not just Obama, OWS, Big Labor and so forth, but Big banks and brokerage house are just as much at war. They repeatedly get caught steal millions and billions and yet no one ever goes to jail. Tell me what is learned if you cheat, rob, defraud a billion dollars and you get fined a million? You learn that the cost of stealing a billion dollars is 1 million, when you should be learning that the cost of stealing is jail! A million on a billion? Hell you just write it off as the cost of doing business.

And no we don’t need any more laws we just need the laws that are in place now enforced and start sending people to jail and I ain’t talking ‘Club FED’ style prisons I’m talking the same prison the liquor store robber and the car jackers go to.


9 posted on 07/08/2012 2:50:41 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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