That’s great Mr. Grassley!
NOW WHEN ARE WE GOING TO SEE SOME ARREST SLIPS?
I’m really tiring of this senators tough talk and no action. He’s been asking tough questions of the BATFE about fast and furious and they now have stacks of evidence that federal laws were violated by the BATFE as well as obstruction of justice.
Arrest and prosecute these bastards or shut up and quit wasting our time and money.
Yes I know a senator can’t arrest and prosecute but he could make it happen if the intent of these investigations was to actually hold people accountable and not just put on a chest thumping show for the media.
Based on how the banks and rating agencies screwed up on mortgages, the SEC has the power to close the banks down on the grounds of being technically incompetent. During the Savings and Loans crisis of the 1980’s, the fed bank reg closed banks down first, then investigated the bank execs, staff and accountants for legal violations.
Unfortunately ever since the banking industry got many of the laws changed so many Savings and Loans prosecutions are not possible. That is what many state prosecutors discovered after the financial meltdown in 2008!!! However the SEC still has the power to close rating agencies such as Moody and many mortgage divisions in the major banks. They did not.