General Discussion
In reply to the discussion: Wake up folks: nobody with power gives a fuck about you. [View all]AnotherMcIntosh
(11,064 posts)How much more? Just think of a bank robber telling a clerk to turn over the money, and the clerk asking, "How much." Then think of the bank robber saying, "How much do you got?"
The Glass-Steagall Act was passed in 1933 as a way to protect bank depositors from the additional risks associated with security transactions. It prohibited commercial banks from collaborating with full-service brokerage firms or participating in investment banking activities. It was dismantled in 1999. We are now paying for the dismantling of that act.
Your statement that President Obama is for certain Dodd-Frank reforms while Romney is against them (or "AGAINST them" is beside the point.
The banksters are first-class criminals. They have ruined entire countries. Think of Iceland, Ireland, and Greece.
Many of their criminal acts involve complex activities, but not all of them are. And the complexity of some of their activities does not mean that none of the complex transactions should be investigated. It also does not mean that none of the criminal activities are proveable. The hiring of people to sign false documents so that hundreds of thousands of homes could be illegally foreclosed upon without complying with the law's requirements is not a concept that is too complicated to understand or to prosecute.
Banksters have been given bail-outs and bonuses instead of being investigated. An exception is the recent announcement that the FBI will conduct some investigation of the $2 billion loss. The only ones who could overlook the need for investigations for all the criminal activities are those who are unaware of the lack of investigations or who don't have anything to lose.