US Government Bails Out and Pardons Wall Street, Sends Barry Bonds to Jail–What’s the Difference?

03 Economy, 07 Other Atrocities, 09 Justice, 11 Society, Civil Society, Commerce, Corruption, Cultural Intelligence, Government, IO Impotency, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests
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Barry Bonds Faces Jail Time While Wall Street Execs Sit Pretty

What’s the difference between Barry Bonds and Goldman Sachs executives? The later was fortunate enough to be questioned by incompetent lawmakers while Bonds ended up in a courthouse with an actual jury and prosecutors.

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“The Goldman guys  may have worse batting average than Barry Bonds but they were better educated by their lawyers about they should shouldn’t say. They also had the benefit of being questioned by incompetent people who had no idea about the financial nomenclature at the heart of their allegations,” Singer says.

For more on why and how Wall Street has avoided criminal charges and jail time check out today’s story in the New York Times about how regulators have, in some cases, willingly protected banks and their executives.

Of course, Matt Taibbi’s Why Isn’t Wall Street In Jail? is also a must-read.

See Also:

Four Time Bombs Centered on Wall Street

Matt Taibbi: The Real Housewives Of Wall Street–How Morgan Stanley Wives Christy Mack & Susan Karches Ripped Off Taxpayers In Geithner-Bernanke Bailout Scheme

Review: Conspiracy of Fools–A True Story (Hardcover)

Review: Griftopia–Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

Review: The Informant–A True Story

Why Isn’t Wall Street in Jail? + US Fraud RECAP