tag:blogger.com,1999:blog-1513679299375736828.post1802113665078801188..comments2024-03-11T01:47:38.754-07:00Comments on The World According to AmericanGoy: No one is guilty.... Again....AmericanGoyhttp://www.blogger.com/profile/00865892490752172185noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1513679299375736828.post-60012170155994566592008-10-06T15:14:00.000-07:002008-10-06T15:14:00.000-07:00AG,This is kinda unrelated, but James Cramer is sa...AG,<BR/><BR/>This is kinda unrelated, but James Cramer is saying stocks could lose 20 percent of their value.<BR/><BR/>Man what do you want to be that he is selling stocks short right now, hoping to make a mint off of this? <BR/><BR/><BR/>I bet MANY of the elite wealthy are doing the same thing. They will MAKE money off this garbage as sure as Im sitting here typing........<BR/><BR/><BR/>Our social-economic arrangements need some common sense reforms. If we could bring G. Washington, Ben Franklin, Andy Jackson back from the past, they'd be aghast at what we have become. This isn't it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1513679299375736828.post-48739471321591637612008-10-05T20:41:00.000-07:002008-10-05T20:41:00.000-07:00Not to pick nits or anything, but there's a reason...Not to pick nits or anything, but there's a reason prosecutors are making such statements. First, the DoJ has been thoroughly disemboweled by eight years of Bush misrule and it's doubtful that they even COULD prosecute such cases; Second, prosecutors only take cases where they're certain they can get a conviction. Just like you and me, they get performance reviews and too many flubbed cases means a bad review, no promotion, no wage increase, no bonus (where applicable). These financial shenanigans in which Wall Street has been engaging are so complex that even the experts don't quite know how to unravel them. The government simply cannot afford to hire experts and spend years unraveling the evidence only to find that one out of two cases is not covered by existing law, or some such; Third, the market is extremely shaky right now, and the treasury is empty. While the course of justice might be best served by hanging each of the offenders by the neck till dead, the course of the economy might not. Better for the treasury, the taxpayer, and the current business climate to negotiate a settlement that will put dollars in the treasury, and if that means these fuckers don't get strung up, well, them's the breaks. Also, the offenders are more likely to cooperate in revealing these complex financial shenanigans if they're guaranteed not to be crushed like bugs, yaknow?ThePoliticalCathttps://www.blogger.com/profile/06561906144646421575noreply@blogger.com