Quite literally if you check the statistics. Obama's legacy on the Great Recession was not so good. He restored but did made little attempt to reform. He dropped Elizabeth Warren like a rock when Wall St. complained about her. If you check the record of the scale of investigation and justified prosecutions of the much smaller yet huge at…
Quite literally if you check the statistics. Obama's legacy on the Great Recession was not so good. He restored but did made little attempt to reform. He dropped Elizabeth Warren like a rock when Wall St. complained about her. If you check the record of the scale of investigation and justified prosecutions of the much smaller yet huge at the time "Savings and Loan" scandal vs investigation and prosecution of the subprime crisis, there is no comparison. Bill Black, who had worked on the former was outraged. Obama's AG Eric Holder considered Too BIg to Fail as Too big to prosecute:
"But it remains true that, at some institutions that engaged in inappropriate conduct before, and may yet again, the buck still stops nowhere. Responsibility remains so diffuse, and top executives so insulated, that any misconduct could again be considered more a symptom of the institution’s culture than a result of the willful actions of any single individual." -Eric Holder
A legal theory of crimes with no perpetrator. The pockets of the public are picked buck stop "nowhere".
"And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place," Sen. Dick Durbin
Quite literally if you check the statistics. Obama's legacy on the Great Recession was not so good. He restored but did made little attempt to reform. He dropped Elizabeth Warren like a rock when Wall St. complained about her. If you check the record of the scale of investigation and justified prosecutions of the much smaller yet huge at the time "Savings and Loan" scandal vs investigation and prosecution of the subprime crisis, there is no comparison. Bill Black, who had worked on the former was outraged. Obama's AG Eric Holder considered Too BIg to Fail as Too big to prosecute:
"But it remains true that, at some institutions that engaged in inappropriate conduct before, and may yet again, the buck still stops nowhere. Responsibility remains so diffuse, and top executives so insulated, that any misconduct could again be considered more a symptom of the institution’s culture than a result of the willful actions of any single individual." -Eric Holder
A legal theory of crimes with no perpetrator. The pockets of the public are picked buck stop "nowhere".
"And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place," Sen. Dick Durbin