God, who is the lesser of evils, Obama or Romney? "Why Can't Obama Bring Wall Street to Justice?"

Posted on Wednesday, May 16, 2012 by Tom Usher

Peter J. Boyer and Peter Schweizer do a good job of exposing Eric Holder as the consummate Wall Street insider padding his future nest (Obama and he):

Attorney General Eric Holder’s lucrative ties to a top-tier law firm whose marquee clients include some of finance’s worst offenders

[...]

Justices inaction regarding the big Wall Street firms is not for a lack of suspicious activity. Three different government entities exhaustively examined the practices that contributed to the financial collapse, and each has referred its findings to the department for possible criminal investigation. One such matter involved a 2007 transaction by Goldman Sachs, in which Goldman created an investment, based on mortgage-backed securities, that seemed designed to fail. Goldman allowed a client who was betting against the mortgage market to help shape the investment instrument, which was called Abacus 2007-AC1; then both Goldman and the client bet against the investment without informing other clients whose investments were wagers on its success how the securities included in the portfolio were selected. These uninformed clients lost more than $1 billion on the investment. In 2010, the Securities and Exchange Commission charged Goldman with securities fraud "for making materially misleading statements and omissions" in marketing the investment. The SEC, which conducts only civil litigation, referred the case to Justice for criminal investigation.

[...]

...Holder, speaking in February at Columbia University, said that while "we found that much of the conduct that led to the financial crisis was unethical and irresponsible ... we have also discovered that some of this behavior--while morally reprehensible--may not necessarily have been criminal."

via Why Cant Obama Bring Wall Street to Justice? - The Daily Beast.

"...some of this behavior...."? If only "some," then there was "some" that he found was criminal. Regardless, he's full of it. It was illegal on its face — pure fraud. Goldman Sachs defrauded its clients! There is no doubt about it.

God, who is the lesser of evils, Obama or Romney? I want neither at all!

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About Tom Usher

Mini-Biography: Vision for the Organization: (We must bring forth fruits worthy of repentance. The giving and sharing economy is the right system for running the whole household of Heaven and Earth.) Arcticles: (Thousands of online articles.) Employment: (2007 - Present: President: RLCC.) (1995 - Present: Independent contracting; Website developing; Writing.) (1993 - 1995: Factors International/Bradbury Hill International Finance.) Education: (City University, Olympia: Bellevue. Graduate Studies: Public Administration. Organizational Theory/Design.) (Arizona State University. BS, Political Science.) (Northern Arizona University.)
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  • http://twitter.com/Cwinstien Calvin Winstien

    It seems so hard for people to understand that they cannot separate God and State. If we do our Judicial Law system (Jewish Law system) will go to disorder and chaos. It hasn't changed in thousands of years and there's no need to start now, but on the topic: A politician is a politician.
    http://www.masterscience.webs......com 

    • http://www.realliberalchristianchurch.org Tom Usher

      I wouldn't go so far as to say the current judicial system in the US is of Jewish origin. Courts and judicial powers were vested in leaders predating the Jews and even the Israelites.

      Of course, I agree that apostasy is inherently disordered.

      Continuing, the judicial system in the US is secular. There are vestiges of the worship of God and gods, but the US Constitution is more Jeffersonian ("wall of separation") than many professing Christians have been willing to admit. In addition, there are many Fundamentalist who swear by separation because of the historical persecution of minority sects within what has been commonly referred to as Christianity.

      Naturally, my question about Obama and Romney was rhetorical, but I certainly welcome your comment.

      God bless.