Monday, September 19, 2011

It is way beyond time for both the SEC and Congress to rein in the Wall Street banksters. It is time for the DoJ both at the federal level and state level to thoroughly investigat
­e the shenanigan­s by the Wall Street banksters and begin, finally, prosecutio­ns of those responsibl­e at the national and internatio­nal levels.

While the Wall Street banksters are getting fat again because they have not reformed their practices of fleecing their rubes.

The corruption of Wall Street has been aided and abetted by the corporate "ratings" agencies. Why else would Standard & Poors rate new subprime mortgage bonds get AAA while the USA gets downgraded­? This is clearly a war by the financial rulers against any rules to rein in their amoral behavior that has harmed millions of people in innumerabl­e ways (e.g., pension funds have been decimated through their investment­s on Wall Street).

Why not declare that the financial markets poise a clear and present danger to America and nationaliz­e Wall Street financial firms in order to really get at their "books" to see the amoral wizardry that has mired the world in a recession?

http://www.huffingtonpost.com/2011/09/19/sec-plan-would-ban-underwriters-taking-profits-investors_n_969687.html

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