2016 Postmortem
Related: About this forumBernie Sanders wants Wall Street execs jailed for 2008 financial crisis
Bernie Sanders wants Wall Street execs jailed for 2008 financial crisis
http://m.washingtontimes.com/news/2015/oct/6/bernie-sanders-wants-wall-street-execs-jailed-2008/
marym625
(17,997 posts)Back when a certain Senator stood with Occupy Wall Street for all of a minute
Damn straight they need to be jailed. Madoff was convicted because he ripped off rich people. Rip off the 99% and you become very wealthy and are nominated for cabinet positions
restorefreedom
(12,655 posts)THIS is why Bernie is going to be our next president.
in_cog_ni_to
(41,600 posts)and I bet a huge majority in this country agree with him. They cost this country $12.8 TRILLION - our hard earned tax dollars wasted bailing THEIR useless asses out. They all belong in jail!
Since we have a Democratic President and his appointed AG and none of the Wall St. Thieves have been arrested, tried and convicted - you should have a pretty clear picture of the game they all play. Democrats have sold us out too.
ejbr
(5,857 posts)Obama claims NEXT time they'll go after them.
doc03
(35,431 posts)AlbertCat
(17,505 posts)Thanks for your optimism! It's SO REFRESHING!
sabrina 1
(62,325 posts)some of them should have gone to jail. Well, then let's do it. A shoplifter gets jail for stealing a few candy bars, these criminals stole trillions from the people and were REWARDED WITH MORE.
It's shocking actually that nothing has been done about that crime, people are suffering as a result of it and many will never recover.
This fact needs to be thread into his stump speech. It will resonate with the 99% who also question WHY not one single Wall Street CEO/Banker has been criminally charged.
Dustlawyer
(10,499 posts)to many Americans that we no longer have Representative Democracy and have an Oligarchy instead! Jimmy Carter was right!
Broward
(1,976 posts)NorthCarolina
(11,197 posts)Evergreen Emerald
(13,071 posts)He is acting as if he is new to politics.
SoapBox
(18,791 posts)Ya...right.
And what has she done about the Banksters...takes their money and sits for dinner with them.
Fawke Em
(11,366 posts)but very few of his Congressional colleagues will back him on this because Wall Street owns most of them.
But keep jumping up and down over the number of these people who are endorsing Clinton: one big happy corporate-owned family.
Armstead
(47,803 posts)This meme "Sanders is a big talker who has done nothing" displays complete ignorance.
It requires the collective will of a sufficient number of legislators to get anything passed or "accomplished." When it is populated with reps who are either philosophical blockheads and cunning powerbrokers and either too corrupt or timid or lazy, then it doesn't matter how hard the "do-gooders" work or how effectiuve they might be otehrwise.
Sanders is among an unfortunately too-small cadre of true progressives in Congress who have tried to move things forward and initiative real reform -- and block the bad stuff Congress does. But unfortunately they are overpowered by Big Money, the GOP and -- alas - too many Dems who claim to be the "adults."
One could say "Well the reason they are there and they have the powe is because we give it to them."
Which is exactly the point. Bernie has, so far, been leading the charge of reform, trying to dislodge both the corruption and cynicism and bring about real refior and positive change.
Dustlawyer
(10,499 posts)This is what the Political Revolution is all about. He wants to get elected and use the Bully Pulpit to get us to come out in mass and get pressure to enact Publicly Funded Elections. This would cut the money cord to the bought off politicians and make them answerable to the People once again!
AlbertCat
(17,505 posts)Once again.... Hillary supporters think he was a Dem in Congress.
Can they get nothing straight?
beam me up scottie
(57,349 posts)What has Obama done about stuff???
sabrina 1
(62,325 posts)they have, he did that, putting his votes where his mouth has always been.
Unfortunately, the Dem Party almost completely, bailed out the criminals. What a horrendous shock and disappointment that was.
Nor did he ever say 'what they did was immoral, but not illegal'.
It was both, which he has had no qualms about saying.
Tierra_y_Libertad
(50,414 posts)thesquanderer
(11,998 posts)for war crimes, like torture.
Alas, won't happen.
ejbr
(5,857 posts)1StrongBlackMan
(31,849 posts)2/2/12 David Higgs and Salmaan Siddiqui, Credit Suisse, plead guilty to conspiracy involving valuation of MBS
3/6/12 Allen Stanford, former Caribbean billionaire and general schmuck, convicted on 13 of 14 counts in $2.2B Ponzi scheme, faces 20+ years in prison
6/4/12 Matthew Kluger, lawyer, sentenced to 12 years in prison, along with co-conspirator stock trader Garrett Bauer (9 years) and co-conspirator Kenneth Robinson (not yet sentenced) for 17 year insider trading scheme.
6/14/12 Allen Stanford sentenced to 110 years without parole.
6/15/12 Rajat Gupta, former Goldman Sachs director, found guilty of insider trading. Could face a decade in prison when sentenced later this year.
6/22/12 Timothy S. Durham, 49, former CEO of Fair Financial Company, convicted of one count conspiracy to commit wire and securities fraud, 10 counts of wire fraud, and one count of securities fraud.
6/22/12 James F. Cochran, 56, former chairman of the board of Fair, convicted of one count of conspiracy to commit wire and securities fraud, one count of securities fraud, and six counts of wire fraud.
6/22/12 Rick D. Snow, 48, former CFO of Fair, convicted of one count of conspiracy to commit wire and securities fraud, one count of securities fraud, and three counts of wire fraud.
7/13/12 Russell Wassendorf Sr., CEO of collapsed brokerage firm Peregrine Financial Group Inc. arrested and charged with lying to regulators after admitting to authorities he embezzled "millions of dollars" and forged bank statements for "nearly twenty years."
8/22/12 Doug Whitman, Whitman Capital LLC hedge fund founder, convicted of insider trading following a trial in which he spent more than two days on the stand telling jurors he was innocent
10/26/12 UPDATE: Former Goldman Sachs director Rajat Gupta sentenced to two years in federal prison. He will, of course, appeal. . .
11/20/12 Hedge fund manager Matthew Martoma charged with insider trading at SAC Capital Advisors, and prosecutors are looking at Martoma's boss, Steven Cohen, for possible involvement.
02/14/13 Gilbert Lopez, former chief accounting officer of Stanford Financial Group, and former controller Mark Kuhrt sentenced to 20 yrs in prison for their roles in Allen Sanford's $7.2 billion Ponzi scheme.
03/29/13 Michael Sternberg, portfolio mgr at SAC Capital, arrested in NYC, charged with conspiracy and securities fraud. Pled not guilty and freed on $3m bail.
04/04/13 Matthew Marshall Taylor,fmr Goldman Sachs trader arrested, charged by CFTC w/defrauding his employer on $8BN futures bet "by intentionally concealing the true huge size, as well as the risk and potential profits or losses associated."
04/04/13 Matthew Taylor admits guilt, makes plea bargain. Sentencing set for 26 June; faces up to 20 years in prison but will likely only see 3-4 years. Says, "I am truly sorry."
04/11/13 Ex-KPMG LLP partner Scott London charged by federal prosecutors w/passing inside tips to a friend in exchange for cash, jewelry, and concert tickets; expected to plead guilty in May.
08/01/13 Fabrice Tourré convicted on six counts of security fraud, including "aiding and abetting" his former employer, Goldman Sachs
08/14/13 Javier Martin-Artajo and Julien Grout charged with wire fraud, falsifying records, and conspiracy in connection with JP Morgan's "London Whale" trade.
08/19/13 Phillip A. Falcone, manager of hedge fund Harbinger Capital Partners, agrees to admit to "wrongdoing" in market manipulation. Will banned from securities industry for 5 years and pay $18MM in disgorgement and fines.
09/16/13 Javier Martin-Artajo and Julien Grout officially indicted on charges associated with "London Whale" trade.
02/06/14 Matthew Martoma convicted of insider trading while at hedge fund SAC (Stephen A. Cohen) Capital Advisors. Expected sentence 7-10 years.
03/24/14 Annette Bongiorno, Bernard Madoff's secretary; Daniel Bonventre, director of operations for investments; JoAnn Crupi, an account manager; and Jerome O'Hara and George Perez, both computer programmers convicted of conspiracy to defraud clients, securities fraud, and falsifying the books and records.
05/19/14 Credit Suisse, which has an investment bank branch in NYC, agrees to plead guilty and pay appx. $2.6 billion penalties for helping wealthy Americans hide wealth and avoid taxes.
09/08/14 Matthew Martoma, convicted SAC trader, sentenced to 9 years in prison plus forfeiture of $9.3 million, including home and bank accounts
08/03/15 Former City (London) trader Tom Hayes found guilty of rigging global Libor interest rates. Each fo eight counts carries up to 10 yr. sentence.
08/21/15 Charles Antonucci Sr, former pres. Park Ave. Bank sentenced to 2.5 years in prison for bribery, fraud, embezzlement, and attempt to steal $11MM in TARP bailout funds, as well as $37.5MM fraud on OK insurance company. To pay $54MM in restitution and give up additional $11MM.
leftofcool
(19,460 posts)brentspeak
(18,290 posts)Sanders was talking about the fraudsters who run Citibank, Chase, Goldman Sachs -- the ones who manipulated the system to pump up and then cash out of a manufactured housing bubble. He wasn't talking about the bit players who were caught with insider trading or individual ponzi schemes -- crimes which had nothing to do with the financial crisis. But you knew that, of course.
Another ethically bankrupt post.
leftofcool
(19,460 posts)1StrongBlackMan
(31,849 posts)1StrongBlackMan
(31,849 posts)So ... what would "the fraudsters who run Citibank, Chase, Goldman Sachs" be charged with? ... GREED, even naked, ethically/morally bankrupt greed, is not a crime.
And because corporations are set up, specifically, to protect the fraudsters that run the corporations and American Jurisprudence does not recognize a "Thomas Becket" theory of prosecution, the best a prosecution can hope for is a conviction of some $40,000/yr. lower-mid Manager.
Perhaps ... But, posted in response to fantasy.
rhett o rick
(55,981 posts)1StrongBlackMan
(31,849 posts)not HRC's!
But that said, respect for the law ... even if I disagree with the law ... is an occupational hazard that my politics has been unable to over-come.
In these United States, one must have broken a law before one can be jailed ... and, because of my former occupation, but more, my peoples' history ... I REALLY support that quirk in our system of jurisprudence.
rhett o rick
(55,981 posts)she would be a bigger threat than Sen Sanders. And if you really think that Sen Sanders represents AA less than O'Malley, then show a comparison.
1StrongBlackMan
(31,849 posts)because I am critical of Bernie (but more, of the BS that Bernie supporters put down) I must be a HRC supporter.
rhett o rick
(55,981 posts)more apt to help with your agenda? Yet, you choose to concentrate on disparaging Sen Sanders.
1StrongBlackMan
(31,849 posts)appalachiablue
(41,188 posts)1StrongBlackMan
(31,849 posts)and not G/S, et al.
uponit7771
(90,370 posts)appalachiablue
(41,188 posts)mortgage cos. like Countrywide, Fannie and Freddie and on down the line.
beam me up scottie
(57,349 posts)Obvious posters are obvious.
appalachiablue
(41,188 posts)as with any controversial topic. Thanks though.
beam me up scottie
(57,349 posts)appalachiablue
(41,188 posts)beam me up scottie
(57,349 posts)1StrongBlackMan
(31,849 posts)So ... what would "the fraudsters who run Citibank, Chase, Goldman Sachs" be charged with? ... GREED, even naked, ethically/morally bankrupt greed, is not a crime.
And because corporations are set up, specifically, to protect the fraudsters that run the corporations and American Jurisprudence does not recognize a "Thomas Becket" theory of prosecution, the best a prosecution can hope for is a conviction of some $40,000/yr. lower-mid Manager.
uponit7771
(90,370 posts)rhett o rick
(55,981 posts)see why Clinton supporters would back Wall Street.
1StrongBlackMan
(31,849 posts)So ... what would "the fraudsters who run Citibank, Chase, Goldman Sachs" be charged with? ... GREED, even naked, ethically/morally bankrupt greed, is not a crime.
And because corporations are set up, specifically, to protect the fraudsters that run the corporations and American Jurisprudence does not recognize a "Thomas Becket" theory of prosecution, the best a prosecution can hope for is a conviction of some $40,000/yr. lower-mid Manager.
AlbertCat
(17,505 posts)But it does put a dent in the "Never will happen" crap.
uponit7771
(90,370 posts)DisgustipatedinCA
(12,530 posts)When you find yourself trying to convince others that everything is a-ok on Wall Street, something has gone wrong.
1StrongBlackMan
(31,849 posts)gone to jail ... the people that cases could be made that they broke the law.
But you know that. Right?
MissDeeds
(7,499 posts)Give 'em hell, Bernie!
K&R
bigtree
(86,013 posts)read: http://www.democraticunderground.com/1251653999
...wouldn't expect anything less from Sen. Sanders.
1StrongBlackMan
(31,849 posts)justified outrage.
If there was something to charge the "Fraudsters who run Citibank, Chase, Goldman Sachs", they would have been charged.
But ... GREED, even naked, ethically/morally bankrupt greed, is not a crime.
And because corporations are set up, specifically, to protect the fraudsters that run the corporations and American Jurisprudence does not recognize a "Thomas Becket" theory of prosecution, the best a prosecution can hope for is a conviction of some $40,000/yr. lower-mid Manager.
Armstead
(47,803 posts)I do think those who presided over that mess should be stripped of their jobs, all of their assets, all ability to make over, say, $30,000 a year and forced to figure out how to get by on shitty jobs, and deal with overpriced products and services, like they have forced so many others to do.
I suspect some of them would prefer jail to having to live like real people.
Thinkingabout
(30,058 posts)which played a big part in the financial crisis.
AlbertCat
(17,505 posts)Just like he KNEW it would....
MWahahahahahahahaha!
Too bad he's not Psychic. Still, he did not vote to go into Iraq, so he must be more psychic than some.
Thinkingabout
(30,058 posts)Voted for the inspections, Sanders voted against the inspections, why would he leave the decision to Bush and not want the inspections, this puzzles me. And he brags on his vote.
AlbertCat
(17,505 posts)Obviously there's more to it.
beam me up scottie
(57,349 posts)uponit7771
(90,370 posts)... and his votes for shit like this prove such.
Now the goal post will be moved to how many of these pro corp votes he made
DisgustipatedinCA
(12,530 posts)olddots
(10,237 posts)unfortunately the people most hurt by these vicious criminals beleave in the system that enables and encourages greed .This will be a hard sell but people like Bernie appeal to the good and logic in people .
leftofcool
(19,460 posts)AlbertCat
(17,505 posts)If they break the law.
mythology
(9,527 posts)But Sanders supported protecting that behavior. If a bar serves a customer who then gets into an accident, they can be sued. The gun manufacturers can sell guns without basic safety precautions. A new car can't be sold without airbags, yet guns can be sold without trigger locks, or rifling that would conclusively tie gun to bullet.
beam me up scottie
(57,349 posts)They are not responsible for legally sold products that are used in crimes.
AlbertCat
(17,505 posts)Keep Streeeeeeeeeeeeeeeeeeeeeeeeeeeeeeetching it....
beam me up scottie
(57,349 posts)1StrongBlackMan
(31,849 posts)break?
Again, So ... what would "the fraudsters who run Citibank, Chase, Goldman Sachs" be charged with? ... GREED, even naked, ethically/morally bankrupt greed, is not a crime.
And because corporations are set up, specifically, to protect the fraudsters that run the corporations and American Jurisprudence does not recognize a "Thomas Becket" theory of prosecution, the best a prosecution can hope for is a conviction of some $40,000/yr. lower-mid Manager.
beam me up scottie
(57,349 posts)But thanks for playing, you get a cookie!
1StrongBlackMan
(31,849 posts)The thread is titled: Bernie Sanders wants Wall Street execs jailed for 2008 financial crisis
The thread has 61 recs and 47 responses, 1 of which asks about going after the gun manufacturers.
I ask what law has been broken by Wall Street execs?
You respond to me and post a separate response talking about a red herring under discussion is BERNIE LOVES GNUS MANUFACTURERS.
What gives?
uponit7771
(90,370 posts)uponit7771
(90,370 posts).../ saracasm
beam me up scottie
(57,349 posts)uponit7771
(90,370 posts)beam me up scottie
(57,349 posts)uponit7771
(90,370 posts)... none of the candidates can throw a stone but... well
beam me up scottie
(57,349 posts)Funny that.
uponit7771
(90,370 posts)... its face.
There have been WS officials prosecuted and a good amount of them...
Anything that sounds close to trump without the overt hate isn't to be trusted
99Forever
(14,524 posts)And that sleazeball Eric Holder in the cell next door.
1StrongBlackMan
(31,849 posts)Again, So ... what would "the fraudsters who run Citibank, Chase, Goldman Sachs" be charged with? ... GREED, even naked, ethically/morally bankrupt greed, is not a crime.
And because corporations are set up, specifically, to protect the fraudsters that run the corporations and American Jurisprudence does not recognize a "Thomas Becket" theory of prosecution, the best a prosecution can hope for is a conviction of some $40,000/yr. lower-mid Manager.
beam me up scottie
(57,349 posts)Bernie wants to prosecute greedy Wall Street criminals and how do HC supporters respond?
WHAT ABOUT DEM GUNZ BERMIE!?!
You would think every DUer would get behind Bernie on this.
uponit7771
(90,370 posts)... bunk meme.
beam me up scottie
(57,349 posts)uponit7771
(90,370 posts)... what it means.
Fact not in dispute; there were WS officials directly tied to the housing crises who were prosecuted and convicted.
beam me up scottie
(57,349 posts)Another fact not in dispute : HC supporters are trying to derail this thread.
And the last fnid: I see what you're doing.
uponit7771
(90,370 posts)beam me up scottie
(57,349 posts)http://www.ontheissues.org/2016/Bernie_Sanders_Gun_Control.htm
http://www.ontheissues.org/2016/Hillary_Clinton_Gun_Control.htm
in_cog_ni_to
(41,600 posts)1StrongBlackMan
(31,849 posts)we are all morally outraged by the shit they profited on ...
but what would "the fraudsters who run Citibank, Chase, Goldman Sachs" be charged with? ... GREED, even naked, ethically/morally bankrupt greed, is not a crime.
And because corporations are set up, specifically, to protect the fraudsters that run the corporations and American Jurisprudence does not recognize a "Thomas Becket" theory of prosecution, the best a prosecution can hope for is a conviction of some $40,000/yr. lower-mid Manager.
But that said, respect for the law ... even if I disagreed with the law ... was an occupational hazard that my politics has been unable to over-come.
In these United States, one must have broken a law before one can be jailed ... and, because of my former occupation, but more, my peoples' history ... I REALLY support that quirk in our system of jurisprudence.
CharlotteVale
(2,717 posts)slipslidingaway
(21,210 posts)if you look at the real estate index it began to drop in 2005.
All one has to do is look back at what was said by 'crazy' people like Sanders and others in both parties and what was being touted by the mainstream politicians to realize that some got it right and some got it wrong.
I know who got it right on a variety of issues.