Archive for Wall St.

Bernie Sanders: The backlash is on – surprise, surprise!

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , on January 26, 2016 by jtoddring

Bernie Sanders was effectively silenced and blacked out of the media, by and large, for a long time, until he became too popular and too prominent to ignore. Now, the only candidate who is not a Wall Street hireling, hack or shill, the only candidate who is willing to take on the central problem of our society, which is its take-over by big business, has become prominent and powerful enough that the business elite and their loyal prostitutes in politics and the media are gunning for him. And of course, many among the bleating herd – including many seemingly intelligent commentators, pundits and members of the public – will simply believe anything they are told, and will trot along in obeisance to the growing propaganda/disinformation campaign that is being mounted against the only true progressive – or democrat, for that matter – in the US presidential race. But, fortunately, too many people have retained or recently rediscovered the lost art of thinking for oneself. Bernie will not be easy to defeat. In fact, he just might win.

Go Bernie.

J. Todd Ring,
January 26, 2016

Revolution and Uniting the People: Bernie Sanders, Thomas Jefferson and FDR

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on January 12, 2016 by jtoddring

 
I would say that Bernie Sanders is not only a good candidate for US President, and beyond that, the only serious candidate for the people, since he is the only one who is not thoroughly indebted to the Wall Street money masters, owned by Wall Street, and in service to Wall Street; but he would be the best US president since FDR, and arguably, since Thomas Jefferson.
 
Of course, it is Congress which holds the greater power, and not the President, but having a true populist progressive in the White House would be an enormous stride in the right direction – especially when it is one who is so passionately and fiercely determined to reign in Wall Street and get big money out of politics.
 
I realize that conservatives tend to despise FDR, or at least despise his policies, but they should remember that it was FDR’s policies which got the US out of the Depression, put millions of Americans back to work, and, along with the labour movement, helped to create the middle class – which is now being systematically eliminated by the neoliberal/neo-fascist/globalization policies of the super-rich billionaire class of business elites, the very people that both FDR and Bernie Sanders so fiercely oppose.
 
(And no, war did not end the Great Depression, as some people imagine. The policies of FDR, and his very real stimulus package, which built or re-built the US infrastructure and put millions of people back to work (unlike the current neoliberal “stimulus” packages which rob billions and trillions of dollars from the treasury and the people and give it to the super-rich banking elite) is what began the long road to US and global economic recovery. Once the economic recovery was underway, WWII began, and the US prospered from it – mainly for three reasons: one, the US did not suffer the disastrous effects of waging a war on its own soil, as the European powers did; two, after the war, the US emerged as the world’s “first truly global super-power” and globally dominant power, precisely because war had left the great powers of Europe in ruins; and three, because US business elites profited handsomely by trading with the enemy, (that includes George Bush’s grand-daddy, Prescott Bush) and by selling to both sides – for example, IBM providing the office machines and data management for the extermination camps and gas chambers. War is disastrous to economies invariably, except for these very unusual conditions, and in any event, the economic recovery was well under way before the war even began.)
 
More to the point, the majority of Americans, well over 70%, are not conservatives, but center-left in their views, as poll after poll has shown for decades – so if Bernie Sanders does become the next President of the United States, conservatives will simply have to – pardon my expression – suck it up.
 
But it is also a fact that many sensible conservatives, and even many sensible Republicans – and yes, there is such an animal, believe it or not – support Bernie Sanders, or at least respect and admire him for his integrity, and his honesty and courage. They may not like all of his policies, but they realize that he is the best choice available at this time, and the only candidate who is willing to stand up to the greatest threat facing the country and the world – Wall Street and the international corporate elite. The more sensible also recognize that the Republican candidates, along with Hilary, represent the interests of the same crypto-fascist (and more and more brazenly fascist) corporate oligarchs and plutocrats. In short, Bernie is not only the best the people have at this time – he is all the people have at this time, at least in terms of presidential candidates.
 
“Before you Republicans and Hillary supporters say anything about Bernie, let’s look at his history. He was the only one in Senate to stand up for gay soldiers in 1995. He actively participated in the Civil Rights Movement along with Martin Luther King Jr. He voted against the Iraq War. (Which Hillary still considers a “mistake”.) He practically predicted the Wall Street Crash of 2008.He has been consistent with his political views for the past 30 years [and] ever since he joined the senate. He is the longest serving independent in Senate history. He believes climate change is the most threatening problem we have today. He has over a million individual donations from actual people donating whatever they can to support the campaign without any Super PACs. (Rest of the candidates would be struggling to equal Bernie’s collections without SuperPac money.) I just have to say Bernie is the real deal. Believe it or not.” – Arnav Garg
 
Actually, it’s 2.5 million individual donations now, which Bernie has raised, averaging less than $30. (And Bernie is setting all new records for the fastest rate of raising individual donations in US history.) All the other candidates are deeply indebted to Wall Street, and in service to Wall Street. Bernie is the only serious candidate for the people. Period.
 
‪#‎FeelTheBern‬
What is more, now that Bernie Sanders has begun to unite progressives, liberals, the left, environmentalists, labour, large segments of the black community, including, most notably, leading black American scholar and activist Cornel West, along with many sensible conservatives – due to his fierce opposition to Wall Street, big money in politics, and the increasingly fascist police state which Bush and Obama have created – Bernie stands a serious chance, not only of winning the next US presidential election, but winning by a landslide – as he should.
This is enormously significant: Robert F. Kennedy, leading black American activist and scholar Cornel West, and now, the major US progressive organization, Move On, amongst many others, including diverse figures ranging from actor John Cusack, UFC fighter Ronda Rousey, to the Red Hot Chili Peppers, have come forward to endorse US President – oops – US Presidential candidate, Senator Bernie Sanders.This could be the straw the breaks the back of the ruling political elites and their Wall Street masters, and puts a true progressive populist democrat into the White House. Let us pray we are so lucky – or so determined.
 
“MoveOn has spent more than 17 years bringing people together to fight for progressive change and stand up against big money interests. MoveOn’s fight to give the American people a voice in our political system was reflected in the group’s internal democratic process. I’m humbled by their support and welcome MoveOn’s members to the political revolution.”
– Bernie Sanders, As reported by Fortune Magazine
(I would like to see Bernie seek out and receive the support of Ron Paul, by the way: the maverick, anti-establishment conservative Senator who consistently fought for the people, and against the same crypto-fascist, pro-war, neo-feudal big money interests which Bernie so strongly opposes – a person who has tremendous integrity, and who also has tremendous support among conservatives and many thoughtful people on the grassroots right. This, Sanders should do, and do immediately, and this support he should gain. Someone please notify Ron Paul that his help is needed here, and now.)
I also realize the some people on the left are very critical of Bernie Sanders, feeling that he is not radical enough for their liking. But while such individuals have valid points to make, and useful criticisms, they too will, I am afraid to say, and will bluntly say, have to suck it up, because the policies of Bernie Sanders, while they do not go far enough in some important ways, not only represent a very good starting place, but are also supported by the majority of Americans.
The criticisms from individuals on the left with regards to Bernie’s foreign policy, where he is admittedly weak, are particularly valid and important; but frankly, despite that valid criticism, I think that Bernie’s critics on the left are not only throwing the baby out with the bath water, but are simply out to lunch, and out of touch with reality. And there is one simple reason for that statement.
At this time, when a crypto-fascist corporate oligarchy has taken over the nation, as well as the economy, the financial system, the monetary system, most of the media, the culture and the political process, there are only two options available to the American people – at this moment at least. One is revolution – and as much as I have been urging revolution, I do not think that there is reason to believe that the American people are yet ready for it. The other is Bernie Sanders. Say what you will about Bernie, but he is the best hope for America at this time.
Do I think that Jill Stein would make a better president than Bernie Sanders? Possibly she would. Do I think that Jill Stein has any chance of becoming president at this time? No. Therefore, I will support Bernie Sanders, as the only legitimate choice amongst candidates who stand any chance of winning the election – and again, a person who would make the best president since FDR, if not Thomas Jefferson. Is he perfect? No, but I, for one, am not looking for a messiah, but simply a person who will serve the people, as Bernie Sanders has done for over 30 years, and will continue to do. There will always be critics. Let’s just get the job done, shall we, and get on the with urgent business of creating, at least a starting point, for some urgently needed social change.
What would be wise for Bernie to do is to continue to reach out to the black and Hispanic communities, immigrants, progressives, labour, environmentalists and the left, as well as independents; but also to reach out to sensible conservatives and people on the grassroots right, who share his passionate opposition to the domination of Wall Street and corporate America over the economy, the political process and the country.
If he does this, Bernie Sanders may very well become the next president of the United States. And that, I would say, would be a very good thing, and the beginning of some very hopeful, and very real change.
J. Todd Ring,
January 12, 2016
 
For more analysis and social commentary, see my recently published book, Enlightened Democracy: Visions For A New Millennium – available now on Amazon.com.

ISIS and Terrorism – A Reality Check

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on October 3, 2015 by jtoddring

“The responsibility of intellectuals is to speak the truth and expose lies.”

– Noam Chomsky

“In times of universal deceit, telling the truth is a revolutionary act.”

– George Orwell

According to a February 2015 Gallup poll, a majority of Americans consider the Islamic State of Iraq and the Levant — abbreviated as ISIS or ISIL — and the international terrorism they support to be the greatest threat to the United States’ vital interests.

This is really quite amazing, when you think about it. Not global warming, not record droughts and crop failure, not de-industrialization, massive and rising unemployment and poverty, soaring inequality and the demolition and razing of the middle class, not catastrophic ecological destruction, not the poisoning of our food, air, water, soil, our bodies and children, not disastrous “trade” deals (read, corporate rights deals), not a ravenous and criminal Wall Street cabal that rules the nation and is pillaging and plundering the middle class and the poor – no, it’s a few armed thugs half a world away, with no tanks, no battle ships, no air force, no ICBMs, and the military power of one ten thousandth, at best, of that of the US, which is the greatest threat to “America’s vital interests.”

Holy delusional.

Former National Security Adviser, and chief intellectual and geopolitical strategist in residence to the Western elite, Zbigniew Brzezinski, recently scoffed at such delusions, and said, “What are they going to do, swim here?” But the hysteria has been manufactured, and fear is a powerful weapon, as the BBC documentary, The Power of Nightmares, clearly showed, and Orwell and other observers have also recognized and noted.

The “war on terror” is a campaign that is being used to justify wars over oil, and geopolitical power and empire abroad, and a full frontal assault on democracy, freedom and civil liberties at home, in order silence the people, and to protect and consolidate the powers and the interests of the currently ruling corporate elite. It has nothing to do with fighting terrorism.

It’s time we got real. We are being lied to.

The US wants to impose a regime change in Syria – and that is flatly in defiance of international law, and is defined as a war crime under international law. As Chomsky said, if the Nuremberg trials were held today, every US president since WWII would be hanged for war crimes – and the war crimes continue to this day. And they are war crimes, regardless of how they may be justified.

Because the US is trying to topple the Assad government in Syria, the CIA has been arming, funding and training terrorist groups in that country – just as it did in Libya, Afghanistan and other countries. So we’re fighting terrorism by arming terrorists. That makes sense.

And why does the US want to topple the Assad government? Is it because Assad heads a brutal regime? No – the US was friends and allies with Saddam Husein when it suited their interests, even though Saddam headed an even more brutal regime.

Saddam was targeted for regime change only when he stopped obeying orders from Washington. The same has happened many times, and always for the same reasons: brutal regimes are fine – so long as they cooperate with the masters in Washington; and when they don’t, they are either brought under control, or taken out: either through bribery, economic and financial extortion, or by covert, or overt use of violent force.

And why does the US want to take out the Assad regime, if it’s not for human rights reasons? For oil, most likely – as with Iraq, Libya, Afghanistan…. There is a proposed Iran-Iraq-Syria gas pipeline that “could radically alter Europe’s energy supplies, diminishing Russia’s fossil fueled prowess in Europe” – and Assad opposes it. So he has to go.

“These strategic concerns [of the US, to control oil and gas in the Middle East], motivated by fear of expanding Iranian influence, impacted Syria primarily in relation to pipeline geopolitics. In 2009 – the same year former French foreign minister Dumas alleges the British began planning operations in Syria – Assad refused to sign a proposed agreement with Qatar that would run a pipeline from the latter’s North field, contiguous with Iran’s South Pars field, through Saudi Arabia, Jordan, Syria and on to Turkey, with a view to supply European markets – albeit crucially bypassing Russia. Assad’s rationale was “to protect the interests of [his] Russian ally, which is Europe’s top supplier of natural gas.”

It is this – the problem of establishing a pliable opposition which the US and its oil allies feel confident will play ball, pipeline-style, in a post-Assad Syria – that will determine the nature of any prospective intervention: not concern for Syrian life.”

– The Guardian, August 30, 2015, Syrian intervention plans fuelled by oil interests, not chemical weapon concerns, by Dr Nafeez Ahmed, executive director of the Institute for Policy Research & Development and author of A User’s Guide to the Crisis of Civilisation: And How to Save It

Now, not only is Syria spiraling further into crisis and chaos, with the US intervention only making matters worse, but it has also generated a refugee crisis in Europe, with refugees pouring out of Syria, and 4.5 million people displaced – a refugee crisis that the US and its allies actively helped to create. All for the sake of oil and gas profits for the US and its allies – and the corporate interests which they serve.

Russia on the other hand, wants to protect the Assad government, because Assad is a Russian ally, and because Assad opposes the pipeline deal which would radically reduce Russia’s fossil fuel super-power status in Europe – which is most likely the real reason Russia just started bombing in Syria, and not because it wants to fight terrorism.

With the US and its allies fighting and bombing in Syria, and Russia now entering the conflict, and bombing in Syria, and for the other team, the US trying to oust Assad, and Russia trying to prop him up, we are now literally faced with the very real threat of an outbreak of WWIII. And all this, for the control of oil and gas money. This is clearly insane.

So the motives are all twisted, when we’re talking about the major players, in both the West and in Russia, and it is the people who are suffering, while the military actions, the bombings and the regime changes simply serve to foster ever greater hatred and ever more terrorism – exactly as the US intelligence services warned they would do.

“Let’s see…. The resort to violence, to war, bombing, and forced regime changes – read, coups – didn’t work, and has instead sown chaos, hatred, further hostilities, greater instability, and more terrorism. So let’s redouble our efforts, and try the same methods again.

As Einstein said, “Repeating the same actions and expecting a different outcome is the very definition of insanity.”

But fighting terrorism and creating peace were never the objectives. It’s about controlling the flow of oil and gas, and the astronomical profits, and power, that derive from it.

The Guardian is quite unreliable in terms of the consistency of its quality of reporting and commentary – sometimes it does a great job, and sometimes a poor one, or even a terrible one – but they got it right here, with regards to Syria and war in the Middle East:

“The 2011 uprisings, it would seem – triggered by a confluence of domestic energy shortages and climate-induced droughts which led to massive food price hikes – came at an opportune moment that was quickly exploited. Leaked emails from the private intelligence firm Stratfor including notes from a meeting with Pentagon officials confirmed US-UK training of Syrian opposition forces since 2011 aimed at eliciting “collapse” of Assad’s regime “from within.”

So what was this unfolding strategy to undermine Syria and Iran all about? According to retired NATO Secretary General Wesley Clark, a memo from the Office of the US Secretary of Defense just a few weeks after 9/11 revealed plans to “attack and destroy the governments in 7 countries in five years”, starting with Iraq and moving on to “Syria, Lebanon, Libya, Somalia, Sudan and Iran.” In a subsequent interview, Clark argues that this strategy is fundamentally about control of the region’s vast oil and gas resources.

Much of the strategy currently at play was candidly described in a 2008 US Army-funded RAND report, Unfolding the Future of the Long War (pdf). The report noted that “the economies of the industrialized states will continue to rely heavily on oil, thus making it a strategically important resource.” As most oil will be produced in the Middle East, the US has “motive for maintaining stability in and good relations with Middle Eastern states”:

“The geographic area of proven oil reserves coincides with the power base of much of the Salafi-jihadist network. This creates a linkage between oil supplies and the long war that is not easily broken or simply characterized… For the foreseeable future, world oil production growth and total output will be dominated by Persian Gulf resources… The region will therefore remain a strategic priority, and this priority will interact strongly with that of prosecuting the long war.”

– The Guardian, August 30, 2015, Syrian intervention plan fueled by oil interests, not chemical weapon concerns

If we are serious about reducing hate, violence, war, conflict and human suffering, then we should, among other things, be racing to get the world off its deadly addiction to fossil fuels, and end the wars over oil, pipelines, and the politics of fossil fuel addiction, and switching as rapidly as possible to clean, renewable energy.

How about diverting half or three-quarters of the obscenely bloated US military budget to massive investments in solar, wind and other renewable energy industries and technologies, and kick-starting the economy and providing millions of jobs in the process?

Nope. Can’t do. The oil and arms corporations require that we continue with business as usual, so that is simply not possible. The wars, therefore, must continue – and the people and the earth be damned.

How about this for a proposal? End the wars in the Middle East, and use the money saved to buy a fully electric Tesla Model S for every home in the United States over the next 20 years. That would cost approximately $5 trillion. By comparison, the wars in the Middle East have cost an estimated $6 trillion – so far. So this is completely feasible.

There are probably better, more effective ways to invest in clean, renewable energy, and to break our addiction to oil and fossil fuels, but this was meant simply to make a point. How about ending the wars and spending the war budget to install solar, wind and geothermal heating, cooling and power systems for every home in America, making them fully off-grid and energy self-reliant, as well as being powered by clean energy? This would cost about the same amount, roughly $5 trillion, and could be done over the next 20 years, if the wars are ended now. That would also cause the economy to soar, and millions of jobs to be created. And this is not even mentioning the lives that would be saved and the suffering averted by ending the bombing and the wars.

By ending the wars, we would do more to halt terrorism – by not participating in it, and not fueling it – than by anything that has been done so far. Certainly the “bomb-em-to-bits” strategy has been a complete disaster, and has only increased terrorism, exactly as US intelligence services said it would do. And the money saved could be used to rebuild the US economy, create full employment, shift the nation to renewable energy, break the dependency on oil and other fossil fuels, and halt our race toward ecological cataclysm and collective suicide.

But we can’t do that, because the oil and arms corporations are making a killing, both literally and figuratively, off our addiction to fossil fuels and war.

*

Here are some startling figures to contemplate. Official terrorism – which means, terrorism carried out by official enemies, and not by Washington and its allies in Canada, the UK and France – accounts for roughly 20,000 deaths a year. Meanwhile, over 20,000 children die every day from hunger. Poverty is the far greater killer, but where is our war on poverty? There is lip service, rhetoric, but no serious action, as poverty continues to rise globally, and also in the United States, the richest country in the history of the world.

But even more people now die from over-eating and obesity than from hunger – with millions dying every year from heart disease and stroke alone, primarily due to poor eating habits. But are we launching a war on MacDonalds and fast food? No, we’re fighting ISIS – supposedly – even though the fast food industry kills far more people every year than ISIS could ever dare to dream.

We should be launching major public health campaigns, and anti-poverty campaigns, and stopping the Wall Street war on the middle class and the poor, because the death toll from that, and the toll in terms of human suffering, is vastly greater than that caused by official terrorism, which is positively dwarfed by comparison.

The real terrorists are in Wall Street and Washington, where the financial and conventional bombings are coordinated, and the global looting is orchestrated and carried out. You want to fight terrorism? Start at home, and start with Wall Street.

Please see my recent essay, also on my blog, entitled, Danger and Delusion, from ISIS To Ebola, for a deeper look and some critical perspective on the real dangers that face the United States and the world today. It’s time for a reality check.

We need to remember that the media are overwhelmingly controlled either by corporations or the government. In the US, six corporations control 90% of the media. We should not expect anything other than propaganda, considering these facts.

Fortunately, according to another recent Gallop poll, roughly 40% of the people have virtually no faith left in the media – and the corporate and government controlled media continue to lose credibility, and their audience, at a rapid and accelerating pace.

So while the majority of the people, a slim majority, continue to believe the lies and the propaganda, the tide is changing, and the people are waking up. This is happening none too soon. All we can say is, we had better accelerate the awakening, because the world is in serious peril – and peril, above all, due to the lies and illusions which are being propagated daily, and which need to be cut through, and demolished.

J. Todd Ring,
October 3, 2015

And this just in:

U.S. Military Bombs Doctors Without Borders Hospital, Killing At Least 19.
Doctors Without Borders’ statement suggests more than just collateral damage. The Afghan trauma center “was hit several times during sustained bombing and was very badly damaged.” The hospital reportedly had 105 patients and caretakers, and more than 80 staffers from all over the world.
According to the aid group, U.S. forces continued bombing for 30 minutes after receiving phone calls telling them the hospital was being bombed. “All parties to the conflict, including in Kabul and Washington, were clearly informed of the precise location [GPS Coordinates] of the M.S.F. facilities – hospital, guesthouse, office,” the statement said.
October 3, 2015
http://thinkprogress.org/world/2015/10/03/3708837/doctors-without-borders-bombed/
Who is fighting terrorism? And who are the terrorists? Are we really so certain?

As Chomsky has repeatedly said, the leading terrorist centre in the world is Washington, DC – and global polls show that the great majority of the people around the world agree.

The Need to Oppose All Foreign Intervention in Syria

Noam Chomsky: US, Not Iran, [Nor ISIS] Poses Greatest Threat To World Peace

http://www.democracynow.org/2015/9/22/noam_chomsky_the_united_states_not

Bernie Madoff, Robin Hood and the present dark age

Posted in Uncategorized with tags , , , , , , on February 19, 2014 by jtoddring

Why is Bernie Madoff the only Wall St. criminal to face jail time? Because he robbed the 1%, and not the 99%.

Rob the rich, and you are attacked, reviled, vilified and quite possibly imprisoned as well, if not burned at the stake or publicly beheaded, drawn and quartered – and whether you are Bernie Madoff or Robin Hood makes no difference. But if you rob the poor and the middle class, rape the earth, despoil the commons and devastate the hopes of all future generations, in this late-stage capitalist-corporatist culture, you are lauded, and garlands are thrown ’round your neck. This is surely the dark age, and it is rapidly devouring itself. Stay tuned. This is not the end of the story.

JTR,
February 18, 2014

Why isn’t Wall St. in jail? And come to think of it, why isn’t Obama?

Posted in American politics, analysis, Barack Obama, capitalism, class, collapse, corporate fascism, corporate rule, corporations, corporatism, corporatocracy, crash, debt, economic collapse, economics, economy, elite, empire, must-read, political economy, politics, Uncategorized with tags , , , , , , , , on August 27, 2011 by jtoddring

If we want to understand better what is wrong with the economy and politics, this sheds more than a little light, and confirms the gut instincts of the great majority of people today. Yes, we live in a corporatocracy, and yes, the judges and attorney generals and SEC and the president are steadfastly if not gleefully supportive of their and our rulers. I don’t usually repost other people’s writings, but this article is too hard-hitting and important to pass up.

*

Why isn’t Wall St. in jail?

Excerpts from an excellent article by Matt Taibbi, from Rolling Stone:

Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them

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, at a cost of $5 billion. Since 2007, felony immigration prosecutions along the Mexican border have surged 77 percent; nonfelony prosecutions by 259 percent. In Ohio last month, a single mother was caught lying about where she lived to put her kids into a better school district; the judge in the case tried to sentence her to 10 days in jail for fraud, declaring that letting her go free would “demean the seriousness” of the offenses.

So there you have it. Illegal immigrants: 393,000. Lying moms: one. Bankers: zero. The math makes sense only because the politics are so obvious. You want to win elections, you bang on the jailable class. You build prisons and fill them with people for selling dime bags and stealing CD players. But for stealing a billion dollars? For fraud that puts a million people into foreclosure? Pass. It’s not a crime. Prison is too harsh. Get them to say they’re sorry, and move on. Oh, wait — let’s not even make them say they’re sorry. That’s too mean; let’s just give them a piece of paper with a government stamp on it, officially clearing them of the need to apologize, and make them pay a fine instead. But don’t make them pay it out of their own pockets, and don’t ask them to give back the money they stole. In fact, let them profit from their collective crimes, to the tune of a record $135 billion in pay and benefits last year. What’s next? Taxpayer-funded massages for every Wall Street executive guilty of fraud?

The mental stumbling block, for most Americans, is that financial crimes don’t feel real; you don’t see the culprits waving guns in liquor stores or dragging coeds into bushes. But these frauds are worse than common robberies. They’re crimes of intellectual choice, made by people who are already rich and who have every conceivable social advantage, acting on a simple, cynical calculation: Let’s steal whatever we can, then dare the victims to find the juice to reclaim their money through a captive bureaucracy. They’re attacking the very definition of property — which, after all, depends in part on a legal system that defends everyone’s claims of ownership equally. When that definition becomes tenuous or conditional — when the state simply gives up on the notion of justice — this whole American Dream thing recedes even further from reality.

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

Obama Goes All Out For Dirty Banker Deal