Monday, October 19, 2009

Go Directly To Jail

(anyone? anyone?)

It's been more than a year since the financial meltdown starting really melting, oozing down the sides of the Dow Jones Index and taking my hard-earned little IRA with it.

So how come nobody is going to jail?

I've been waiting for footage of well-fed fat cats in $5000 suits, hiding their faces in shame as they are led off in handcuffs.

After all, didn't they bundle crapola subprime loans and pass them off as gold?

Didn't the ratings agencies lie about the AAAA++++ status of these bundled crapola subprime loans, raking in millions of dollars in fees along the way?

Didn't companies like Goldman Sachs make bets AGAINST the same crapola bundles they were selling to unwary customers - "the very essence of securities fraud" according to a hedgefund manager quoted in Matt Taibbi's "Great American Bubble Machine"?

Surely there must be prosecutable crimes behind the shenanigans that made trillions of dollars vanish into thin air? (or into houses in the Hamptons for the aforementioned fat cats)

Who's going to jail?

C'mon, who??

There's gotta be someone.

SEC Hires 29-Year-Old Ex-Goldman Sachs Exec For Key Role



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