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View Diary: Taibbi: "How HSBC hooked up with drug traffickers and terrorists. And got away with it.” (145 comments)

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  •  I agree that this is one of the most (13+ / 0-)

    important stories of this century, but if you want to know why it's not receiving any traction, just look at the type of stories that make it to the top of the recommend list each day, as opposed to stories like this that are of blockbuster importance.

    Crickets.

    Not even the progressives give a crap anymore about holding people accountable for their crimes.  I've read many arguments about how the Justice Department had no choice but to give the criminals behind the global financial collapse a pass; otherwise, we would be facing a global financial collapse.  That's like saying we can't prosecute people who commit mass murders in school because it might inspire someone else to commit the same type of crimes.

    To me, this failure to bring thousands of white collar criminals to account for their crimes will be Obama's legacy.

    •  At least, this is encouraging: (17+ / 0-)
      At her first Banking, Housing and Urban Affairs Committee hearing, Warren questioned top regulators from the alphabet soup that is the nation's financial regulatory structure: the FDIC, SEC, OCC, CFPB, CFTC, Fed and Treasury.

      The Democratic senator from Massachusetts had a straightforward question for them: When was the last time you took a Wall Street bank to trial? It was a harder question than it seemed.

      "We do not have to bring people to trial," Thomas Curry, head of the Office of the Comptroller of the Currency, assured Warren, declaring that his agency had secured a large number of "consent orders," or settlements.

      "I appreciate that you say you don't have to bring them to trial. My question is, when did you bring them to trial?" she responded.

      "We have not had to do it as a practical matter to achieve our supervisory goals," Curry offered.

      A link to the article at the Huffington Post

      http://www.huffingtonpost.com/...

    •  Neal Young - Helpless... (3+ / 0-)
      Recommended by:
      walkshills, bobswern, IreGyre

      "Helpless, helpless, helpless
      Baby can you hear me now?
      The chains are locked
      And tied across the door,
      Baby, sing with me somehow.

      Blue, blue windows behind the stars,
      Yellow moon on the rise,
      Big birds flying across the sky,
      Throwing shadows on our eyes.
      Leave us

      Helpless, helpless, helpless."

      "It riles them to believe you perceive the web they weave." Moody Blues

      by BrianParker14 on Thu Feb 14, 2013 at 07:56:11 PM PST

      [ Parent ]

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