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View Diary: Breaking! Foxes fail to guard the henhouse (86 comments)

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  •  In that Frontline piece, (1+ / 0-)
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    shaharazade

    the practitioners were regular people weeding through the underwriting. Sophistication has nothing to do with it, it's boring tedious stuff. Simple arithmetic. Maybe some of the derivatives are obscure, but we have plenty of people that can unwind them too.

    •  I know (1+ / 0-)
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      WheninRome

      it really is simple arithmetic, and probably simple law. I was being snarky. The real problem it seems to me is that those in power D's and R's are really not going to prosecute or even regulate the banksters. The Financial Industries, are in no danger of being reined in regardless of who wins the WH or which party has the majority in congress.

      There are good people like Elizabeth Warren or Merkley in congress but they have no power and are basically just for show. The Progressive Caucus had a great budget but it wasn't even considered. Did not mean to be snippy to you I'm sure that any competent accountant or lawyer could untangle the so called sophisticated web but none are willing it's the new way forward. The fiscal cliffs of mass deception are always looming by design.    

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