"Stop the looting and start the prosecuting."

[Brigid]

Perfect motto for OWS, courtesy of Mike Papantonio. :)

[dkf]

1. Start prosecuting what exactly?

Taking too much risk?

I'm kind of tired of hearing these guys should be in jail without some sort of description of the specific laws broken. Maybe if someone explained exactly what is prosecutable then I might be more supportive.

[Merlot]

2. Prosecuting the banksters should not be difficult.

[Indydem]

3. So, Holder is incompetent or corrupt?

Which is it?

[izquierdista]

9. Both

His appointment was a green light to Wall Street that nothing was going to change. Now if Obama had put in William K. Black as Attorney General, that would have sent the right signal.

[dkf]

6. Well the FDIC sued the CEO of Wamu.

If they can't get him I don't know who they can get.

http://dealbook.nytimes.com/2011/07/11/using-clawbacks-to-punish-bank-executives/

[Angry Dragon]

4. How about just on principle

herd them together, beat them with batons, pepper spray them, arrest them
and then sort it out .......... seems to work for others

[Brigid]

5. Me likey.

:evilgrin:

[Amonester]

7. Ahhhh...True Justice!

Long time no see.

:)

[dkf]

8. That is what people are calling for.

It's more mob mentality than a carefully prepared and airtight prosecution.

[99th_Monkey]

10. Huh? Did you forget to include the sarcasm smily??

Here you go, you can borrow mine. :sarcasm:

[sweetapogee]

13. all we are saying is

give peace a chance?

[The Traveler]

11. Fraud

In some cases, investment bankers sold securities while simultaneously betting against them based on information they withheld from investors.

[banned from Kos]

15. that is not fraud. Most every IPO ever sold has the underwriter shorting

the stock after it hits the market.

I myself may be long a stock and buy puts as a hedge. Am I "frauding" myself?

[Angry Dragon]

19. If only if it was as easy as that

[hobbit709]

14. There you go again.

[KurtNYC]

16. $20 Bil in foreclosure fraud

exactly $20 billion. Forgery, fraud, grand theft:

>>state and federal investigations launched last autumn after widespread reports that the five largest mortgage handlers illegally seized the homes of an unknown number of homeowners and improperly accelerated foreclosure proceedings by failing to amass required paperwork, in some cases allegedly lying about it to local judges. <<

So let's add perjury but stealing people's homes is the big one. Also violation of the False Claims Act.

http://www.huffingtonpost.com/2011/06/06/foreclosure-fraud-20-billion_n_872207.html

Perjury defined exactly: Title 18, Part 1, Chapter 79 section 1621

Whoever—
(1) having taken an oath before a competent tribunal, officer, or person, in any case in which a law of the United States authorizes an oath to be administered, that he will testify, declare, depose, or certify truly, or that any written testimony, declaration, deposition, or certificate by him subscribed, is true, willfully and contrary to such oath states or subscribes any material matter which he does not believe to be true; or
(2) in any declaration, certificate, verification, or statement under penalty of perjury as permitted under section 1746 of title 28, United States Code, willfully subscribes as true any material matter which he does not believe to be true;
is guilty of perjury and shall, except as otherwise expressly provided by law, be fined under this title or imprisoned not more than five years, or both. This section is applicable whether the statement or subscription is made within or without the United States.


FORGERY is eactly:

SECTION 16-13-10. Forgery.

(A) It is unlawful for a person to:

(1) falsely make, forge, or counterfeit; cause or procure to be falsely made, forged, or counterfeited; or wilfully act or assist in the false making, forging, or counterfeiting of any writing or instrument of writing;

(2) utter or publish as true any false, forged, or counterfeited writing or instrument of writing;

(3) falsely make, forge, counterfeit, alter, change, deface, or erase; or cause or procure to be falsely made, forged, counterfeited, altered, changed, defaced, or erased any record or plat of land; or

(4) willingly act or assist in any of the premises, with an intention to defraud any person.

(B) A person who violates the provisions of this section is guilty of a:

(1) felony and, upon conviction, must be fined in the discretion of the court or imprisoned not more than ten years, or both, if the amount of the forgery is ten thousand dollars or more;

(2) felony and, upon conviction, must be fined in the discretion of the court or imprisoned not more than five years, or both, if the amount of the forgery is less than ten thousand dollars.

(C) If the forgery does not involve a dollar amount, the person is guilty of a misdemeanor under the jurisdiction of the magistrates or municipal court, notwithstanding the provisions of Sections 22-3-540, 22-3-545, 22-3-550, and 14-25-65, and, upon conviction, must be fined in the discretion of the court or imprisoned not more than three years, or both.

[LanternWaste]

18. Things like this...?

Things like this...? :shrug:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2102838

(If you're tired, try to get some rest. If you need explanation,. try to find them rather than demanding them. Just a suggestions...)

[7wo7rees]

12. I like it. I'll use it. Thanks Mike.

[City Lights]

17. Didn't Obama say just last week that no laws were broken?

:shrug:

I don't know what to say anymore.