Friday, March 15, 2013

Immunity From Prosecution...

Immunity with Impunity !!!
"I am concerned that the size of some institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute - if we do bring a criminal charge - it will have a negative impact on the national economy, perhaps even the world economy. I think that is a function of the fact that some of these institutions have become too large."

Eric Holder, U.S. Attorney General

Guess that's the new definition of the equal protection clause of the U.S.Constitution...

"All animals are equal, but some are more equal than others."

Animal Farm by George Orwell



Anonymous said...

I couldn't agree more!!! "Too big to fail" has always seemed ridiculous to me. If you follow bad business practices, you should have to suffer the repercussions. A shake up in the corrupt world of the "big banks" might actually be a good thing for everyone in the long run.

Jim Blaine said...

Yep, personally I'm much for the discipline which a little "predatory prosecution" would bring to the financial industry... helps the honest "keep the faith".

Anonymous said...

I never understood why the criminal or civil asset forfeiture statutes were never used to "clawback" proceeds from the fraudulent enterprises of the financial scandal. Any thoughts?

Anonymous said...

TOO BIG TO FAIL is TOO DANGEROUS to tolerate. We need to start the process of putting these organizations on a diet. We should have a healthy fear of any organization or individual that gets too big for their britches.

Anonymous said...

NCUA Board members should be subject to personal liability and prosecution also... too many sweetheart insider deals going down.

Anonymous said...

Be sure to take her bling !

Anonymous said...

CUs shouldn't try to be non-proft oinkers; enough pigs already.

Anonymous said...

WesCorp was TBTF and Siravo still has all his big pay too.
According to MHz Matz, Faz and Herr Fenner at town halls, without the resolution (treasury bailout) the credit union movement would have cratered.

Does that mean we're no different?

Our problem is the same as our members problem.
It's the same as your momma's problem.
Same as the good banks problem.
Everybody's problem is the corrupted mechanism on Capitol Hill who, btw, is NCUA's boss.

Stop whining and jump your lawmaker.
Otherwise, you're just whining.
Chip ain't the answer, taking the insurance fund is the answer.
That's the petition you need.
No more conflict of mission.
Until then, all we have to look forward to is more of the same and all this good energy is wasted.

Go for it.