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Tuesday, January 29, 2013

Obama's failure to punish banks should be causing serious social unrest

Yes, this is Barack Obama's most glaring first-term failure.
From the piece:
Worst of all, Obama justice officials both shielded and feted these Wall Street oligarchs (who, just by the way,  overwhelmingly supported Obama's 2008 presidential campaign) as they simultaneously prosecuted and imprisoned powerless Americans for far more trivial transgressions. As Harvard law professor Larry Lessig  put it two weeks ago when expressing anger over the DOJ's persecution of Aaron Swartz: "we live in a world where the architects of the financial crisis regularly dine at the White House." (Indeed, as "The Untouchables" put it: while no senior Wall Street executives have been prosecuted, "many small mortgage brokers, loan appraisers and even home buyers" have been).

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