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View Diary: NY Atty. Gen. Schneiderman LOVES Today's Mortgage Fraud Deal. UPDATED x3 Liz Warren Likes it Too! (261 comments)

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  •  One little cavil: why just "hold BANKS accountable (2+ / 0-)
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    ericlewis0, semiot

    ?" Thinking about it that way plays straight to the fool's notion that institutions, corporations, are "people," and the idea that institutional behavior will change or pain will occur due to "significant penalties" kind of misses how it really works.

    In the S&L ripoff, INDIVIDUALS were targeted and went to jail as well as having to absorb fines and judgments in civil litigation. If there's no impact on the individual mother h. fuckers who thought up and carried out this wonderfully complex interlocking set of clusterscrews, none of the mythical needs of the community for some kind of belief in a RuleofLaw will be met -- no deterrence, no restitution, no retribution. And the Really Smart Guys who are now fleeing Wall Street in droves, looking for other bubbles to inflate (at one or more removes from the nice safe places they pulled the meltdown from and thus even more protected from liability) will continue to strut instead of perp-walk.

    Just a thought.

    "Is that all there is?" Peggy Lee.

    by jm214 on Fri Feb 10, 2012 at 05:28:36 AM PST

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