Wednesday, February 1, 2012

Can justice actually be done?

Let’s all whip us as much good karma as we can for Eric Schneiderman, the New York Attorney General.  The President appointed him to head “…a large-scale civil and criminal investigation of the banks, mortgage vendors, securities bundlers and other financial actors who inflated the last decade’s housing bubble and nearly blew up the economy when it burst.”  You can read about it in Harold Meyerson’s column in today’s WAPO.

I’m fervently hoping that some of these white-collar criminals get convicted and actually do some jail time.  If this was the “normal” situation where the so-called “investigation” is a ruse to placate the public, I’d not be expecting anything other than maybe a sacrificial lamb getting thrown under the bus and a bunch of wrist-slapping.  But, in this case Schneiderman had a chance to take that route by going along with the 25 billion dollar settlement, which was then being pushed by the White House and other influential players.  Instead, he refused to sign on, which tanked the deal.  Now, the White House has changed its position and Schneiderman is going to be given big-time resources and support, which will allow him to really go after the people who have wreaked havoc upon our country and millions of its citizens.  I say, “go get ‘em Harold.”

2 comments:

Lally said...

Totally. Fingers crossed.

JIm said...

It would be nice if they went after the politicans that set the whole debacle up. Carter, Clinton, Frank, Dodd and Bennett of Utah come to mind. I assume Obama had something to do with it, since he received $1.5 million from the GSEs when he was in the senate.