INSIDE JOB - Get out the handcuffs, let the perp walks begin

The answer is handcuffs for some of these thieves. Handcuffs and perp walks IMO, and lots of them.  We're still going after Bonds and Clemens for perjury, yet scumbags like this are allowed to conduct their "business" with impunity.

Remember Congress chose to engage in these dog and pony show hearings on PED's in baseball while the financial system was crumbling. And all we heard was how these guys were capable of multi-tasking. In hindsight, apparently not.

Why wasn't Angelo Mozillo prosecuted by the SEC or the Justice Department? Martha Stewart goes to jail for a somewhat flimsy insider trading deal, yet an administration insider favorite like Warren Buffet and his cronies (like Sokol and Munger) can engage in more brazen acts and still walk free? 

Did these guys not lie, cheat and steal?

A culture of lies and chicanery at Berkshire Hathaway? No, couldn't be. He supported and advised the administration during the crisis, right? And profited enormously from the resulting policies.

From Market-ticker.org
http://market-ticker.org/akcs-www?post=183563

These guys act were born on third base and act like they hit a triple. Sort of takes some of the bloom off the investment genius rose when you have such insider access.

Crony capitalism, crony justice system......not a good formula for the future of this country that's for sure. 

Wachovia dealt with Mexican drug cartels to launder money:

http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs

"The conclusion to the case was only the tip of an iceberg, demonstrating the role of the "legal" banking sector in swilling hundreds of billions of dollars – the blood money from the murderous drug trade in Mexico and other places in the world – around their global operations, now bailed out by the taxpayer.

At the height of the 2008 banking crisis, Antonio Maria Costa, then head of the United Nations office on drugs and crime, said he had evidence to suggest the proceeds from drugs and crime were "the only liquid investment capital" available to banks on the brink of collapse. "Inter-bank loans were funded by money that originated from the drugs trade," he said. "There were signs that some banks were rescued that way.""

Maybe this movie should be required viewing for government regulators. Or the torch and pitchfork crowd.

From imdb.com

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http://www.imdb.com/title/tt1645089/

'Inside Job' provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.

"Inside Job" won the 2011 Academy Award for best documentary on Sunday night. The film's director used his acceptance speech to deliver pointed criticism of Wall Street and the financial industry.

"Inside Job" director Charles Ferguson subjected Wall Street players, economists and bureaucrats to a fierce cross-examination to depict the economic crisis as a colossal crime perpetrated on the working-class masses by a greedy few.

His film examined the financial crisis of 2008. His speech lamented the lack of accountability three years later.

"Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that's wrong," Ferguson said.

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