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Jed Saul Rakoff is a U.S. District Judge on senior status for the Southern District of New York. Article is wordy but at some point below he blames then-HUD Secretary Andrew Cuomo for helping to create the mortgage crisis. One explanation for the lack of prosecution of CEO's may be that the government meddling in the financial markets was a huge factor in the collapse.
1 posted on 01/09/2014 8:35:15 PM PST by Brad from Tennessee
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To: Brad from Tennessee

Why? Because all the Wall Street executives bought off the politicians.


2 posted on 01/09/2014 8:39:04 PM PST by Bryan24 (When in doubt, move to the right..........)
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To: Brad from Tennessee

Why have no high-level gov’t officials been prosecuted? The gov’t caused the recession - not the private sector. At the top of the list of people who should have been prosecuted are Barney Frank and Chris Dodd.


3 posted on 01/09/2014 8:40:50 PM PST by vbmoneyspender
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To: Brad from Tennessee

John Corzine!


5 posted on 01/09/2014 8:43:30 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: Brad from Tennessee

Maybe because none of them broke any laws.


6 posted on 01/09/2014 8:43:39 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: Brad from Tennessee

Donating big money to the right Democrats can pay off BIG.
The Corruptocrats are fast taking us to third-world status.


8 posted on 01/09/2014 9:00:43 PM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: Brad from Tennessee

Save


12 posted on 01/09/2014 9:15:39 PM PST by Eagles6 (Valley Forge Redux)
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To: Brad from Tennessee

Why isn’t Barney Frank in jail?


20 posted on 01/10/2014 12:02:53 AM PST by Washi (Stop Obama's War On Jobs)
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To: Brad from Tennessee
Because they are not criminally culpable.

The financial crisis was caused by the US Government in an effort to buy votes and further the prospects of the the Democrat Party and Progressivism.

The financial services executives operated in the milieu created by government policies. They indeed greased the wheels and enabled the bubble to develop, but they were simply responding to artificial needs generated by government policy. It is true, their competence in so responding lined their pockets and allowed the bubble to grow really big before it finally burst. But the fact remains, it was the government's fault.

So, no, they shouldn't be prosecuted. And if the sheeple find that outrageous, they have only themselves to blame for voting wrong.

22 posted on 01/10/2014 12:28:22 AM PST by cynwoody
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To: All

The executives from Fannie Mae & Freddie Mac are the ones who should be prosecuted, along with Barney Frank & Christoper Dodd. I’m not holding my breath waiting for this to happen. Our Federal government is so corrupt! Send me a mail when the revolution is going to start.


25 posted on 01/10/2014 1:31:24 AM PST by nightowl_jg
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To: Brad from Tennessee
Why?
PPPPPLLLLLEEEAAASSSSEEEE.
Gutless politicians and politicians who had their pockets lined.
29 posted on 01/10/2014 4:03:32 AM PST by DeaconRed (GOD: Please send us one more Ronald Reagan. Soon. Thanks Deacon Red. PS It ain't Christie. . .)
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To: Brad from Tennessee

Because those who would prosecute belong to the same class.

You don’t eat your own.


32 posted on 01/10/2014 7:53:50 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: Brad from Tennessee

America is being invaded and looted, and will be in ruins in 50 years.

This is a world-historical event. If any people are alive in 2000 years, books will be written about it.

And our politicians, ALL OF THEM, are in it up to their necks. The right is not as bad as the left, but they’re still in on the deal.


49 posted on 01/11/2014 7:21:48 AM PST by Jim Noble (When strong, avoid them. Attack their weaknesses. Emerge to their surprise.)
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