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As William Black has stated many times, they left the perps in charge and aren't seriously looking for or even enabling the search for criminal behavior by providing sufficient resources to conduct it because they don't WANT to expose the FACT that the TBTF banks are actually insolvent nor do they want to in any way spook the delusion that everything is now AOK in the financial sector.
Dan8267
2012 Feb 10, 12:31am
And people think that stimulus spending is going to fix the economy when the financial industry and the banks are all run by criminals. No, rampant crime and book cooking has nothing to do with the financial collapse.
uomo_senza_nome
2012 Feb 10, 3:36am
And people think that stimulus spending is going to fix the economy when the financial industry and the banks are all run by criminals.
People who think banks are a secondary problem are just seriously blind.
I mean, they are the worst form of rent-seeking parasites in the economy. They rent-seek even on food stamp debit cards for heaven's sake.
Mortgage Servicing Fraud, Foreclosure Fraud, Bringing the entire global economy on its knees with shitty paper signed by Linda Green, Accounting gimmicks.
A related article on MF Global:
http://jessescrossroadscafe.blogspot.com/2012/02/mf-global-trail-growing-cold-no-one-to.html
More than three months later, it is far from clear that anyone will face criminal charges over the disappearance of more than $600 million in customer money as MF Global spiraled towards bankruptcy in the brokerage's final, frantic days in the last week of October.
So far, the MF Global investigation is not tracking the early progress of other high-profile financial scandals such as RefCo, where former Chairman Phil Bennett was arrested within days of the disclosure that the futures firm had been hiding losses for years.
Lawyers and people familiar with the MF Global investigation of the firm that was run by former Goldman Sachs head Jon Corzine say that even though the hunt is still on to find out whether or not officials at MF Global intended to pilfer customer money in a desperate bid to keep the brokerage from failing, the trail at this point is growing cold .
To date, scant evidence of criminal intent has emerged in company emails, no former or current employees have sought to cut a deal to provide testimony about potential wrongdoing and seasoned defense lawyers say they are not seeing the tell-tale signs of a hot criminal investigation.
#housing