WASHINGTON — Sen. Elizabeth Warren (D-Mass.) raised the stakes of her quest to find out why a single Wall Street bank has not been prosecuted in the aftermath of the financial crisis Tuesday, sending a letter to the heads of three federal agencies. Warren, a member of the Senate Committee on Banking, Housing & Urban Affairs asked Attorney General Eric Holder, current Securities and Exchange Commission Chairwoman Mary Jo White and Federal Reserve Chairman Ben Bernanke whether they had done any cost-benefit research into prosecuting a bank versus settling with one, which is equivalent to a slap on the wrist for a profitable financial institution.
So that people don’t get the wrong idea, I don’t reblog Robert Reich because I agree with his solutions, he is just an example of the “mainstream” or “establishment” Democrats who want to still appear like they stand for the working class so they talk about inequality and injustice, but like all establishment Democrats, he won’t rock the boat and say what actually needs to be said.
Just one example: Reich mentions that NOBODY has gone to jail from the Wall St elite who ruined the financial system, so why doesn’t he call out the President or Attorney General Eric Holder?
Reich is right about one thing in this upcoming election, it’s not about the size of government, it’s about what government’s for, and in this next election, we’ll have two parties who have failed to prosecute the financial criminals that wrecked the economy of the U.S. and the world, and got away with it.