Wall Street's Corruption Runs Deeper Than You Can Fathom
truthdig.com
truthdig.com
The chapters in question took place during Obama's terms, and the repeal of the Glass-Steagal act was a bipartisan effort. Yet that sentence is implying that, if someone superficially decent was President (R or D), then this would somehow get fixed/those responsible would be prosecuted. I think it's pretty obvious that, if you want to go after Wall Street, you either need a third party, or to substantially change the two main ones.
I took liberty with the words, but yeah, hey everyone, guess what?! People do fucked up shit to get more resources. Turns out, we’re animals after all.
And people who point out the truth of this corruption are derided, ridiculed, called a conspiracy theorist, compared to David Icke and so on.
I would concede you your point if people en masse really did think that Icke's statement was common knowledge, but it is clearly not. The myths that keep the common person conforming to the powers that shouldn't be run deep in the psyche.
Frontline on PBS did an excellent episode looking at her efforts to regulate derivatives under the Clinton administration.
>"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says.
In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.
We don't like to think so, but consider: did anybody get charged with fraud over the crash of 2008? Why not? We have laws on the books making what everyone did a writhing, toxic mass of felonies.
Fabricated signatures on thousands upon thousands of mortgage documents is hard to get confused about. Goldman Sachs paying multibillion-dollar fines for deliberate misrepresentation, without anybody there charged personally with a crime, is easy to find in the public record. A Goldman Sachs corporate officer becoming Obama's Secretary of the Treasury in the middle of it all, likewise.