Thursday, April 26, 2012

Recover our money

“Taking the State wherever found, striking into its history at any point, one sees no way to differentiate the activities of its founders, administrators and beneficiaries from those of a professional-criminal class.”

Albert J. Nock, 1935

Our press, the glorious fourth estate, the “guardian of our freedoms,” has the visual acuity of Mr. Magoo regarding the Obama Administration. Regarding corruption, they saw no better during the Bush Administration.  Finally, some in this see-no-evil, hear-no-evil press may be undergoing lasik surgery. James Lieber of the Dallas Observer seems to have had successful surgery.

No Justice: We’ve Bailed Out the Banks. When Do We Go After the Crooks Behind Our Financial Collapse?

Where did our wealth go? How do we claw it back? And when are we going to punish the culprits?
When Barack Obama donned the crusader’s mantle during the 2008 presidential campaign, his
Web-savvy campaign team created  and pushed it on millions of voters. The main video showed the Ichabod Crane-like Charles Keating—the wealthy, politically connected poster child of the ’80s savings-and-loan scandal—in handcuffs.
The Obama video portrayed John McCain as Keating’s stooge and likened the S&L crash to the 2008 Wall Street meltdown, except that the current crisis is global and its bad guys are bigger and badder. Today’s corporate villains were flashed on the screen, among them AIG, Bear Stearns, Lehman Brothers, Fannie Mae and Freddie Mac. The opening narrator was Bill Black, a Ph.D. criminologist and former lead lawyer at the Office of Thrift Supervision who helped steer the brilliant federal effort that cleaned up the S&L industry and won more than 1,000 felony convictions of senior insiders while recovering millions of their ill-gotten dollars.
Those watching the compelling attack ad (still online) had every reason to believe that Obama’s approach would be just as hard-edged and that felon-busting G-men would rout the crooks and recover our money.

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