Paul Krugman is convinced that Perry’s statement about Bernanke prevented Q3. Of course Krugman thinks that’s a bad thing.
http://www.nytimes.com/2011/08/26/opinion/bernankes-perry-problem.html
“But I’ll be shocked if Mr. Bernanke proposes anything significant — that is, anything likely to make any serious dent in unemployment or offer any serious boost to growth.
“Why don’t I expect much from Mr. Bernanke? In two words: Rick Perry.
“O.K., I don’t mean that Mr. Perry, the governor of Texas, is personally standing in the way of effective monetary policy. Not yet, anyway. Instead, I’m using Mr. Perry — who has famously threatened Mr. Bernanke with dire personal consequences if he pursues expansionary monetary policy before the 2012 election — as a symbol of the political intimidation that is killing our last remaining hope for economic recovery.”
[Paul Krugman is convinced that Perry’s statement about Bernanke prevented Q3.]
Kudos to Perry if that’s true.
But what I want to hear from a prospective President Perry is that his justice department will have as a top priority the rendering of Justice upon those who deliberately and massively defrauded the American People. Complete ACCOUNTABILITY from all involved to the full extent of the Law -- from those who lied about their incomes on their Liar Loan mortgage applications -- all the way through the gamesters who packaged the resulting mortgages into securitized a$$paper and above.
As a fellow Eagle Scout (class of '76) - I want to be encouraged that his administration will uphold the Laws of this Republic better than past and present administrations whose SEC evidently couldn’t find their own arse with both hands and a SQL statement telling them exactly where to find it.... and a whole bunch of Loan Apps for which the FICO score was fraudulently manufactured.
Watch “The Smartest Guys in the Room” -- about Enron; and listen with your own ears to voice recordings of telephone conversations between Enron floor traders laughing about what they were doing. Merchants using dishonest scales and laughing whilst doing it. It SHOULD be infuriating.
And what did the software programmers who Empower(tm)ed those Enron Quisling Traders learn? Evidently NOTHING other than it’s only bad if you get caught.
Care guess where a bunch of them ended up?
Ameriquest.
I know that for a fact because I sat next to some of them at Argent Mortgage (Ameriquest's "immune" wholesale division) and listened to them giggling "gosh, tee hee, I hope that doesn't happen here".
In June 2007, during a discussion regarding the predatory nature of the behavior that necessitated legislative requirements for translating loan docs from English into the native language of the Borrower (mostly Spanish), the application support manager at Argent Mortgage told me to my face "we're not predators, those people are uneducated, illiterate, and stupid. They DESERVE to be taken advantage of".
That OUGHT to be infuriating.
This time, LESSONS NEED TO BE LEARNED; because a Republic is a system, of governance characterized by the Rule of Law - and when the Law fails, the Republic fails.
"TO SECURE THESE RIGHTS, governments are instituted among men"
I don’t know about you - but for me the failure of our FREE Republic is not acceptable.
Our children are watching what we do -
“Hey dooods, those Enron/Ameriquest/Goldman guys got it pretty sweet... and look how tanned and buffed the token few who got busted are after their short vacation in Club FED. I want me some.”
vs
“Holy crapoly - Really, they got whated in prison? I don’t want to get punished like that... I’m Scared Straight. It's not worth it.”.
What’s it gonna be? The statute of limitations on Fraud is what, "Usualy 7 years or less"? TICK TICK TICK.
Where's RICO and LEO, RINOs?