Bernie is right. The business model of Wall Street is fraud.

[BernieforPres2016]

"Why Isn't Wall Street in Jail?" Matt Taibbi, Rolling Stone (the person who wrote the best pieces on the financial crisis IMO)

http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216

<Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."

I put down my notebook. "Just that?"

"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there.">


<The systematic lack of regulation has left even the country's top regulators frustrated. Lynn Turner, a former chief accountant for the SEC, laughs darkly at the idea that the criminal justice system is broken when it comes to Wall Street. "I think you've got a wrong assumption — that we even have a law-enforcement agency when it comes to Wall Street," he says.>

There is one case after another in this article of corruption by major Wall Street executives that the government refused to prosecute. In one case, an SEC employee that tried to pursue a near cut and dried case of insider trading against the CEO of a major Wall Street bank was fired. The SEC employee was later awarded $755,000 for wrongful termination.

[daleanime]

1. K&R.....

[PatrickforO]

2. The capitalist cancer has ruined this nation....nearly.

Lots of people now shaking off the sleep and looking around. I sure don't like what I'm seeing...

Which is why I have chosen to support Bernie.

[BernieforPres2016]

3. This article I posted is 5 years old

You're right, most have slept through it.

Now we finally have a candidate who dares to say the truth, that the business model of Wall Street is fraud. And he is opposed by a candidate who takes millions from Wall Street, won't tell the public what she says to them behind closed doors, and assures us that all that money they give her doesn't impact her decisions about them.

[raging moderate]

4. Come on, Wall Street People! We won't hurt you! Honest!

You could just make some small changes, which would not really impact your lives very much, but could save the United States of America and maybe help save a bunch of people in the rest of the world. That's why I call myself a moderate. It seems to me that even moderate changes in your behavior could have a huge impact for good. Most of us out here don't hate you, we don't even want to put you in jail. We know we are partly at fault for idolizing you the way we did. Just accept some regulation with grace and honor. Just pay a few more percentage points in taxes. Just let the lowest wages rise to a liveable wage (hint: they would then have to pay more taxes, too!). You took too much of the profit; give some of it back. Walk back the most destructive changes since you got Glass-Steagall removed. You can do it.

[msongs]

5. if he votes $$ billions for Lockheed he gets F35s in Vermont. but that's not fraud, its payback nt

[Dem2]

6. I agree with him

Moving around other people's money whilst skimming off the top should be a criminal activity.

Republicans continue to sabotage any attempts at regulation, they need the system to stay as it is to survive.

[Rebkeh]

7. K and R nt