Friday, August 10, 2012

Election Year

Same As It Ever Was

Goldman-Sachs Mascot Celebrates In Typical Style

The New York Times this morning:
Federal authorities ended two investigations into the actions of Goldman Sachs during the financial crisis, handing a quiet victory to the bank after years of public scrutiny.

In a rare statement late Thursday, the Justice Department said there was “not a viable basis to bring a criminal prosecution” against Goldman or its employees after a Congressional committee asked prosecutors to investigate several mortgage deals at the bank...

The Senate’s Permanent Subcommittee on Investigations had examined troubled mortgage securities that Goldman sold to investors... (and the Subcommittee) also suggested prosecutors investigate whether the chief executive of the bank, Lloyd Blankfein, had misled lawmakers during public testimony.

Separately, Goldman Sachs announced early Thursday that the Securities and Exchange Commission had ended an investigation into a $1.3 billion subprime mortgage deal, taking no action. The move was an about-face for the commission, which notified the bank in February that it planned to pursue a civil action.

“We are pleased that this matter is behind us,” a bank spokesman said Thursday.
And what kind of example does this set for the kids?

MEHR: Of course, we don't waste time attempting to bring the Masters Of The Universe © to justice; those who destabilized not only a national but a global economy and impoverished hundreds of millions of people around the world -- those who lied, cheated, stole, and explain away their continuing behavior as routine and acceptable for Winners in Life's Great Lottery.

Here in downtown America, it's more important to provide the Kids with examples in their own neighborhoods of what justice is truly about -- that the perpetrators shall suffer the full weight of Jurisprudence to extract payment for their crime and sin, in the American tradition:
Police in Bucks County say two teens have been cited for doodling
on the street with chalk.

The Doylestown Intelligencer reports Friday that 18-year-old Connor
Logan and a 17-year-old friend drew a whale and sea turtles in a local
parking lot.

(Via The Great Curmudgeon)
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