https://www.huffingtonpost.com/entry/financial-crisis-10-years-later-ben-bernanke-hank-paulson-timothy-geithner_us_5b9d7dc8e4b04d32ebf92396
When poor people engage in such activity, we call it looting. But for the princes of American capital and their lieutenants at the Fed and the Treasury, this was pure crisis management.
Today, Ben Bernanke, Hank Paulson and Timothy Geithner insist they did what they had to under conditions of extreme duress. Mistakes were made, the government’s former top financial overseers acknowledge in a recent piece for The New York Times, but they did ultimately “prevent the collapse of the financial system and avoid another Great Depression.”
Except they didn’t really rescue the banking system. They transformed it into an unaccountable criminal syndicate. In the years since the crash, the biggest Wall Street banks have been caught laundering drug money, violating U.S. sanctions against Iran and Cuba, bribing foreign government officials, making illegal campaign contributions to a state regulator and manipulating the market for U.S. government debt. Citibank, JPMorgan, Royal Bank of Scotland, Barclays and UBS even pleaded guilty to felonies for manipulating currency markets.
Not a single human being has served a day in jail for any of it.
https://www.nytimes.com/2018/09/07/opinion/sunday/bernanke-lehman-anniversary-oped.html
Opinion | What We Need to Fight the Next Financial Crisis...
http://occupywallst.org/
We do not call lightly for revolution. Insurrection is traumatic. It requires great sacrifice. And if there were any other way to avert USA’s coming catastrophe, it would be a moral obligation to advocate it.
However, as American denizens, we are justifiably afraid for our nation and our neighbors. The president is a traitor: weak, fearful, illegitimate. Now our government cannot be trusted to protect us from foreign invasion, deep state coup, military defeat or internal disunion. Supreme Court appointees dream of granting unprecedented presidential powers and immunity from criminal prosecution, forever perverting the checks and balances of our democracy. The putinphillic’s every deed and tweet is totally inconsistent with a just regard for our innate natural rights, the doctrine of popular sovereignty, the Declaration of American Independence and the spirit of the Constitution of the United States. Under these conditions, revolution is not only justified. It is our collective duty.
And yet, since the inauguration all conventional attempts to dislodge the enemy within have failed. On the contrary, it has shown itself to be teflon when attacked directly.
https://www.newyorker.com/news/news-desk/after-the-financial-crisis-wall-street-turned-to-charityand-avoided-justice
Goldman would get in big trouble for its dodging. In a five-billion-dollar settlement with the U.S. Department of Justice, nine years later, it confessed that it knew about the problems with toxic mortgage products, avoided them itself, and sold them to investors anyway. “If they only knew . . .” Goldman’s head of due diligence had written to a colleague in 2006. And yet none of the firm’s senior leaders went to prison for malfeasance, and neither did any of the complicit chiefs of Wall Street’s other biggest banks.
When poor people engage in such activity, we call it looting. But for the princes of American capital and their lieutenants at the Fed and the Treasury, this was pure crisis management.
Today, Ben Bernanke, Hank Paulson and Timothy Geithner insist they did what they had to under conditions of extreme duress. Mistakes were made, the government’s former top financial overseers acknowledge in a recent piece for The New York Times, but they did ultimately “prevent the collapse of the financial system and avoid another Great Depression.”
Except they didn’t really rescue the banking system. They transformed it into an unaccountable criminal syndicate. In the years since the crash, the biggest Wall Street banks have been caught laundering drug money, violating U.S. sanctions against Iran and Cuba, bribing foreign government officials, making illegal campaign contributions to a state regulator and manipulating the market for U.S. government debt. Citibank, JPMorgan, Royal Bank of Scotland, Barclays and UBS even pleaded guilty to felonies for manipulating currency markets.
Not a single human being has served a day in jail for any of it.
https://www.nytimes.com/2018/09/07/opinion/sunday/bernanke-lehman-anniversary-oped.html
Opinion | What We Need to Fight the Next Financial Crisis...
http://occupywallst.org/
We do not call lightly for revolution. Insurrection is traumatic. It requires great sacrifice. And if there were any other way to avert USA’s coming catastrophe, it would be a moral obligation to advocate it.
However, as American denizens, we are justifiably afraid for our nation and our neighbors. The president is a traitor: weak, fearful, illegitimate. Now our government cannot be trusted to protect us from foreign invasion, deep state coup, military defeat or internal disunion. Supreme Court appointees dream of granting unprecedented presidential powers and immunity from criminal prosecution, forever perverting the checks and balances of our democracy. The putinphillic’s every deed and tweet is totally inconsistent with a just regard for our innate natural rights, the doctrine of popular sovereignty, the Declaration of American Independence and the spirit of the Constitution of the United States. Under these conditions, revolution is not only justified. It is our collective duty.
And yet, since the inauguration all conventional attempts to dislodge the enemy within have failed. On the contrary, it has shown itself to be teflon when attacked directly.
https://www.newyorker.com/news/news-desk/after-the-financial-crisis-wall-street-turned-to-charityand-avoided-justice
Goldman would get in big trouble for its dodging. In a five-billion-dollar settlement with the U.S. Department of Justice, nine years later, it confessed that it knew about the problems with toxic mortgage products, avoided them itself, and sold them to investors anyway. “If they only knew . . .” Goldman’s head of due diligence had written to a colleague in 2006. And yet none of the firm’s senior leaders went to prison for malfeasance, and neither did any of the complicit chiefs of Wall Street’s other biggest banks.
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