NY Attorney General to Investigate Banks

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inimalist
The investigation is still in its early stages but, at least preliminarily, it seems clear that Schneiderman is unwilling to permit the type of impunity that has been granted over the last decade to lawbreaking telecoms, Bush officials, NSA eavesdroppers and CIA torturers to be quietly extended to Wall Street tycoons, whose plundering precipitated a massive worldwide financial crisis, only to be even more enriched and empowered by the political response. Earlier this month, Scheinderman also issued broad and sweeping subpoena to two large multi-billion-dollar investment funds and their lawyers at the heart of the mortgage fraud scandal, independently jeopardizing the collective efforts to shield those culprits from accountability:



Further evidence of Schneiderman's unwillingness to allow the law to be exploited as a corrupted instrument for corporatism is found in his threats to sue the federal government with "aggressive legal action" over its failure to conduct legally mandated environment impact studies for proposed drilling in the Delaware River Basin (which provides 50% of New York's drinking water). Those threats predictably prompted objections from "oil and gas industry representatives" accustomed to lawless subservience from government officials: especially from the regulatory agencies mandated to compel industry compliance with the law yet which are typically run by former industry officials who do the opposite (as epitomized by the BP official chosen by the Obama administration as a top regulator overseeing land and minerals management).

An Attorney General who simultaneously works for more lenient laws for ordinary Americans committing trivial drug offenses while demanding serious accountability for the nation's most powerful factions is a rare and noble aberration indeed: one who seems openly hostile to the two-tiered justice system that operates to protect lawbreaking political and financial elites while punishing the powerless. Of course, the last politician who tried to impose meaningful accountability on Wall Street was New York Attorney General and Governor Eliot Spitzer, whose career was abruptly destroyed by a still-very-strange-and-difficult-to-understand massive federal law enforcement effort into his prostitution-hiring activities. As Jay Ackroyd said of Schneiderman yesterday in response to my praise of his actions: "He'd best have no skeletons. None." It is worth keeping a watchful eye on Schneiderman's investigative efforts and doing everything possible to provide what will undoubtedly be much-needed support if, as appears to be the case, he is serious about taking on these pernicious factions and impeding the political class' conspiring to protect their benefactors/owners.

http://www.salon.com/news/opinion/glenn_greenwald/2011/05/20/schneiderman/index.html

So, hopefully this turns out well. An elected official who seems genuinely interested in representing his constituency, especially on issues that seem they should cross party line (two-tiered justice system, drinking water, financial meltdown). The unfortunate part is that he seemingly will have to fight tooth and nail against his fellow representatives in government to get there.

I really thought this was interesting, as I had assumed we were past the point of anyone saying anything about the criminal activity of banks that played a major role in the financial crisis, let alone criminal investigations.

RE: Blaxican
Hope this turns out to be more exciting then the Libyan conflict. That ended in a really boring manner.

inimalist
its over? like over over, or "mission accomplished" over?

RE: Blaxican
Over as in, "well America blew it and Ghadaffi and the rebels are locked in a very uninteresting deadlock", over.

Bardock42
Originally posted by RE: Blaxican
Over as in, "well America blew it and Ghadaffi and the rebels are locked in a very uninteresting deadlock", over.

So like...still going on, but all the good scenes are already over and no one really cares for any of the characters and might as well go watch that new movie about the lone DA (he gets demoted for the underdog quality, blame Hollywood) taking on the corrupt establishment?

RE: Blaxican
Exactly. Underdog stories are only good when the underdog wins.

Liberator
I sincerely wish this guy good luck, I hope he gets the support he will need.

ADarksideJedi
As the trail starts we will see;.

The Dark Cloud
Billions of taxpayer dollars will be spent and nothing will happen.

ADarksideJedi
Thats normal.

inimalist
Originally posted by The Dark Cloud
Billions of taxpayer dollars will be spent and nothing will happen.

better he never tried in the first place

amirite?

King Kandy
Originally posted by The Dark Cloud
Billions of taxpayer dollars will be spent and nothing will happen.
So what is it exactly you want? You complain about all the world's problems and then heap scorn on anyone trying to fix them. I don't understand why you even bother posting.

Darth Jello
Well, considering the recent report that politicians get suspiciously higher returns on their investments than anyone else, I kind of doubt this will amount to anything. However, if the banksters are caught up in wrong doing and are forced to resign, i certainly hope they get the appropriate SEVERANCE.

http://upload.wikimedia.org/wikipedia/commons/b/b5/Fallbeil_muenchen_1854.jpg

The Dark Cloud
Originally posted by inimalist
better he never tried in the first place

amirite?

No, he should try. Given the nature of the US system however I am pesessimistic he will have any success. I would love to be proved wrong however.

The Dark Cloud
Originally posted by King Kandy
So what is it exactly you want? You complain about all the world's problems and then heap scorn on anyone trying to fix them. I don't understand why you even bother posting.


I am not heaping scorn. When I was younger I actually believed the establishment could be challenged.

As I grew older however I came to see that the old cliche is true, The Golden Rule is.....He who has thee gold, makes the rules.

alltoomany
Originally posted by The Dark Cloud
I am not heaping scorn. When I was younger I actually believed the establishment could be challenged.

As I grew older however I came to see that the old cliche is true, The Golden Rule is.....He who has thee gold, makes the rules.

Where is Robinhood?

inimalist
bJXyuPlGO5M

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