"Ultimately, that might lead to Mr. Lewis becoming the wife of a bodybuilder in one of New York State's houses of correction -- a just outcome that would go far in rejiggering the nation's expectations about how people in authority ought to behave. And such an outcome might lead to the conviction of many other brides-to-be from the Wall Street debutante pool."
Mr Lewis is the head of Bank of America and refused to answer the New York Attorney General's questions about paying out bonuses after the government bailout.
I like the sound and sight of those two lines from Clusterfuck Nation. In his latest post Jim Kunstler is saying that we need to stop trying to bail out the banks and instead have some accountability by prosecuting those that caused the financial mess.
I won't hold my breath. Wear a tie, you get to fly. Damn justice system.
ReplyDeleteIn his latest post Jim Kunstler is saying that we need to stop trying to bail out the banks and instead have some accountability by prosecuting those that caused the financial mess.
ReplyDeleteThis is true.In his latest post Jim Kunstler is saying that we need to stop trying to bail out the banks and instead have some accountability by prosecuting those that caused the financial mess.
did you watch jon stewart ream jim cartright a new one?....oh my..I love it so much i've watched it 3 times...like watching a train wreck...fecking loved it.
ReplyDeleteI watched some news show that showed dozens of small town banks doing business as normal - no bailout, no frantic crisis. But then, they do things the old fashioned way. Pay you a percentage for the savings you put in the bank, lend it out to another customer to buy a new car, and make a modest profit from the interest they charge on the car loan.
ReplyDeleteIt's not small or middle town America that has a banking crisis. For them, it's life as usual. It's the greed factories that have a crisis. If they were allowed to fail, it probably would bring the world economy down because of their incestuous relationships.
But I bet small town bank Inc. would have money to lend - if you showed you could pay it back. Maybe we should let the sky fall.
Small town bank Inc. would train it's new branches to use common sense, as they always did.