4 ms·
> Causing financial crisis wasn't illegal. Unethical but not a crime. I don't know why people keep repeating this. It feels like brainwashing of some sort. Why
by mtgx 9y ago
> Causing financial crisis wasn't illegal. Unethical but not a crime.
I don't know why people keep repeating this. It feels like brainwashing of some sort. Why do people repeat this? Did Obama repeat it a lot at the time, and because many people liked Obama, they just bought that excuse?
It just feels so strange to see people argue against their best interest. Do you want another financial crisis to happen because of the bankers once again? Because that's how you're going to get one - by ensuring nobody gets punished for the last one.
Also, in his final years, Eric Holder admitted that the main reason he didn't go after bankers wasn't because "they did nothing illegal" but because he (and Obama) "thought" (or got paid to think) that jailing the bankers would "hurt the economy". I've never seen a more bullshit excuse.
Also, Holder, but only after he quit the administration, had some "regrets" that he didn't go after the bankers.
https://www.huffingtonpost.com/2013/03/06/eric-holder-banks-too-big_n_2821741.html https://www.huffingtonpost.com/2013/03/06/eric-holder-banks-...
https://www.theguardian.com/money/us-money-blog/2014/sep/25/eric-holder-resign-mortgage-abuses-americans https://www.theguardian.com/money/us-money-blog/2014/sep/25/...
https://theintercept.com/2016/07/12/eric-holders-longtime-excuse-for-not-prosecuting-banks-just-crashed-and-burned/ https://theintercept.com/2016/07/12/eric-holders-longtime-ex...
The entire government system in the U.S. is corrupt from top to bottom. Everyone in an legislative or executive position seems to either only ever do the bidding of their rich donors or ensure that whatever actions they take while in government doesn't hurt their private employment after working in the government (especially when they intend to work in the industries they regulate).