Will We Demand Criminal Prosecutions?

[tdrivertom]

I don't hear a lot of talk about demanding criminal prosecutions for all of the insiders who caused the financial meltdown in 2008.

What was the outcome of Sen. Levin's Permanent Subcommittee on Investigation's inquiry into the financial crisis? Was it all for show? Was it to give the illusion that something was being done about it? Was the parade of witnesses before the subcommittee just to appease public anger?

We need to demand that there be no backroom deals cut that will allow the perpetrators of the worst financial crisis in our lifetimes to walk away without penalties.... substantial penalties, including prison terms. We should demand that every dollar they stole from American taxpayers is put back into the U.S. Treasury with a stipulation that it goes to paying off the existing debt.

[hendrimike]

i hate to think it, but those backroom deals were probably struck long before the meltdown even happened.

[tdrivertom]

Unfortunately, you may be right, hendrmike. Yesterday, February 9, 2011, 49 states joined the federal government in announcing a $26 billion settlement with five of the nation’s biggest banks over the banks’ foreclosure fraud abuses.

Hmmm...let's see now, a $26 billion settlement, divided by the nation's 5 largests banks. That comes to a mere $5.20 billion per bank. These are the banks that got hundreds of billions in bailout money. I wonder what other hidden arrangements were contained in this "settlement?" I hear there is a planned occupation of Attorney General Eric Holder's office planned for February 20th. He needs to hear about this. I want to start seeing some perp walks.