The Philly Streets and City Wide News

Bill Black demolishes the notion that we can’t prosecute banksters with the laws we now have in place

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22 thoughts on “If Current Laws Prosecuting Bankers Aren’t Used, What Can Warren Change?”

Christ, who told this lying sack of shit that she should run for president? She's not worth a god damn as a senator. Repeal the Patriot Act, Free Assange, Manning and the rest of these fine people who have come forward as whistle blowers and get your dirty filthy hands off lobby money and maybe, just maybe…

Prosecute under R I C O..

Even the smallest mortgage lending affiliates falsifying loan applications didn't sweat facing prosecution. It was a civil matter for the duped foreclosing homeowner to file and fund a lawsuit. The only ramification they received after the crisis was eight hour class on ethics in which I'm sure they all signed some quick .pdf file claiming they attended the class but never did. Buy a home? NEVER AGAIN!

The incentive structure must be designed to legislate the impugnity away.
The perverse incentives must be erased for looking the other way, the laws must incentivise judges to give a damn, maybe by criminalizing the collusion of judicial nominees with corporate sponsors.

we go back trial by jury, and no immunity.

I DO NOT TRUST HER!

Thanks Marc & Bill – great show as usual – you make the driest topic interesting 🙂

In 2020? Right..way to late any how….

A Year in Jail for Pillaging a lifetimes worth of cash, shit sign me up, no wonder everyone wan't to be a Bankster.

The Democratic Party's bench strength is overly represented by banking, financial services, insurance, pharmaceutical and war industry sycophants who define liberalism as being friendly towards the community of pot smoking transexuals who demand abortion rights, not that there's anything wrong with that, but in the grand scheme of things, of what use is that to most people including those pot smoking transexuals?

there are no "progressive judges."

Can Mark not listen? He asks the same question twice & misconstrues the answer. Still not clear if he gets it by the end… what's the problem?

She wants to give people a whole year in jail for billions of dollars with a fraud what if some kid steals candy bar from a convenience store they're looking at the same amount of time in jail as the banker who stole billions and defrauded millions of people from their homes. Like I said before Elizabeth Warren is a fucking joke

This is the problem with Elizabeth Warren she comes out and says a whole lot of stuff that people want to hear but when it comes to the rubber meeting the road it's all just talk. She hasn't pushed any bills in Congress to do any of this stuff she hasn't vocalized any of these concerns she hasn't put this in the public discourse until this very moment which leads me to believe she's full of shit. Both Tulsi gabbard and Bernie Sanders have vocalized their positions for years written and co-sponsored bills to support their views for years I'd have taken criticism for their views for years. Elizabeth Warren hasn't done much of anything until she announced she's running for president now all of a sudden she has all these grandiose ideas and policies. Let's not forget who she represents

Has anyone found it … well, "interesting" … that no American politicians have called for free university education for accounting/finance/law students, when they agree to work a number of years for a new "U.S. Army" formed to war against tax havens/evasion and financial corruption?

But of course, why would they? American politicians in Washington, D.C. from the Congress to Supreme Court to White House don't even have the balls to acknowledge the EXISTENCE of the $Trillion-per-year global tax haven industry, as depicted so brilliantly in the documentary films: "The Spider's Web: Britain's Second Empire" … "All the Plenary's Men", and many more.

Real News Network: Please consider talking to the men and women of Tax Justice Network in this regard. Thank you. Keep up the outstanding work!

We're in a Macbeth play where crimes are committed to hide the previous crimes. The Golden age of 1945 until 1970 was a crime against organized Labour which lead to stagflation. This lead to Volcker raising Fed interest rates to 25% and this destroyed US manufacturing allowing "Made in Japan" to take its place. This also lead to the S and L's going bankrupt which set the stage for Prof.Black's and Mr. Gray's successful control fraud prosecutions. The economic collapse of 1987 lead to low Fed fund rates and the start of debt bubble cycle Finance Capitalism. I believe I've heard Prof. Black say that incentives trumps ethics every time. Finance Capitalism incentives unethical behavior because it is fraud. We're to far along in this play to change the ending; the tragic end is near.

Politicians! Heh! Heh! Heh!

We are subject to a deceptive strategy by making it about women, black, gay, Hispanic, choice and even the very small minority of transgendered…I'm a member of one of these groups and I support them all but this seemingly humane approach divides us and makes us easy prey for any opposition, even from within our own party.. (the Democrats) This allows Pelosi and Schumer to take funding from big corporations. In short, they have betrayed us..

There are two kinds of people in this country. The kind that lead a precarious existence, subject to economic misfortune and… those individuals and mostly corporations who have captured the revenue stream generated by our taxes.. Their motto, “All for ourselves. Nothing for anyone else.” Both of our monopoly parties are subservient to these forces.