Thursday, February 17, 2011

Why Isn't Wall Street in Jail? | Rolling Stone Politics

Why Isn't Wall Street in Jail? | Rolling Stone Politics: "Many of those appointments are inevitably hand-picked by lifelong stooges for Wall Street like Chuck Schumer, who has accepted $14.6 million in campaign contributions from Goldman Sachs, Morgan Stanley and other major players in the finance industry, along with their corporate lawyers.

As for President Obama, what is there to be said? Goldman Sachs was his number-one private campaign contributor. He put a Citigroup executive in charge of his economic transition team, and he just named an executive of JP Morgan Chase, the proud owner of $7.7 million in Chase stock, his new chief of staff. 'The betrayal that this represents by Obama to everybody is just — we're not ready to believe it,' says Budde, a classmate of the president from their Columbia days. 'He's really fucking us over like that? Really? That's really a JP Morgan guy, really?'

Which is not to say that the Obama era has meant an end to law enforcement. On the contrary: In the past few years, the administration has allocated massive amounts of federal resources to catching wrongdoers — of a certain type. Last year, the government deported 393,000 people"

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