Goldman Sachs' Lloyd Blankfein: Unlikely to be seen sporting an orange jumpsuit any time soon.
Common Dreams is talking about how no major players are likely to be indicted for their roles in causing the recession. They contrast this situation with the aftermath of the Savings & Loan debacle back in the 80s and 90s when top execs like junk-bond king Michael Milken and tycoon Charles Keating Jr. did find themselves doing serious prison time.
But now the big swinging d*cks are immune thanks to the deregulation of Wall Street which put them in charge of policing themselves. So no big surprise that the only cases brought so far involve low-level foot soldiers like real-estate agents, mortgage brokers, borrowers and a few low-level bank employees. As they say "No senior executives at large financial institutions face criminal charges".
In America, corporate infallibility rules and capitalism means never having to say you're sorry.
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Corporations haven't only been given Constitutional rights, they've been given immunity from prosecution. It's fucking nuts what's happening in this country.
ReplyDeleteThey own this country and its people.