Banks too big to fail; bankers too powerful to jail.

According to the Associated Press, federal negotiators are close to concluding a deal with major banks that would essentially forgive them of crimes committed in connection with the mortgage crisis. You can read the story here, and a critique of the proposed settlement here: Obama Is on the Brink of a Settlement With the Big Banks—and Progressives Are Furious.

2 responses to “Banks too big to fail; bankers too powerful to jail.

  1. Pingback: Banks too big to fail … « Bill Totten's Weblog

  2. Let’s see, an industry that has producers throwing their wealth at it for nothing in return, foreclosing on homes when they never lent anything in the first place, I can see why we wouldn’t want that to fail. Could I be the first monetary reformist to be working on a program for smooth transition to post-bank world? There are issues to be addressed such as how to protect those who will be deemed as “fair game” by a large percentage of the population.


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