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Why we needed the Tea Party
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To
13/12/2013 07:20:47
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Forum:
Politics
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Other
Miscellaneous
Thread ID:
01589990
Message ID:
01590144
Views:
45
>>>http://dealbook.nytimes.com/2013/12/11/criminal-action-is-expected-for-jpmorgan-in-madoff-case/?hp&_r=0
>>>
>>>So, we have executives at JPM Chase involved in criminal behavior again and walking off into the sunset with their golden parachutes.
>>>Billions in fines are being paid by shareholders and, in some cases, taxpayers when some of these penalties are used to offset net income.
>>>Cost to the people at Chase who did it? - nothing.
>>
>>http://www.rollingstone.com/politics/blogs/taibblog/nobody-should-shed-a-tear-for-jp-morgan-chase-20131025
>>To them fines are nothing more then cost of doing business. Kind of like speed ticket to traveling salesmen.
>>They put up for display some face vaguely resembling remorse, pay up their fine and then quietly speed off towards the next town.
>>(Reaching 130 mph right behind the next curve)
>That's an excellent story by Matt Taibbi. Thanks for the link.
>Just a handful of journalists have picked this up.
>Gretchen Morgensen of the NY Times has also.
>These people have hoodwinked the public on a scale that makes Bernie Madoff look like a cub scout and the government rewards them with a tax deduction.
>
>Meanwhile, virtually none of the "reforms" that were aimed at preventing a recurrence have been put into practice and these people are busily concocting the next boondoggle.

Gretchen sure did. She reports on all sorts of financial corporate malfeasance and is surely a thorn in their sides. She is always on the front page of the Sunday business section.
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