"The only thing that has changed regarding corruption in the financial sector is that it now gets reported in the media. "
Please. The only reason either of these were reported is because they couldn't be hidden. The media networks are not going to investigate bankers since bankers have all of the money. Any legitimate investigation by the media or authorities into the banking fraud committed in the derivatives market that was part of the housing market collapse would lead to thousands and thousands of arrests. All the way from CEO's to small town mortgage brokers. Any investigation into the stock/futures market would find rampant insider trading by those making money. I am looking at you Hilary Clinton. From the wiki: In 1978 and 1979, lawyer and First Lady of Arkansas Hillary Rodham engaged in a series of trades of cattle futures contracts. Her initial $1,000 investment had generated nearly $100,000 when she stopped trading after ten months. There were no official investigations of the trading and Clinton was never charged with any wrongdoing. In a Fall 1994 paper for the Journal of Economics and Finance, economists from the University of North Florida <http://en.wikipedia.org/wiki/University_of_North_Florida> and Auburn University <http://en.wikipedia.org/wiki/Auburn_University> investigated the odds of gaining a hundred-fold return in the cattle futures market during the period in question. Using a model that was stated to give the hypothetical investor the benefit of the doubt, they concluded that the odds of such a return happening were at best 1 in 31 trillion. Do any of your really think that almost all sitting congressmens' net value increased during the recession while that of the average American fell? According to a new report in The Washington Post, the median net worth of the current Congress rose 5% during the recession while it fell 39% for the average American. The wealthiest one-third of lawmakers saw their net worth rise 14%. http://finance.yahoo.com/blogs/daily-ticker/wealth-gap-between-congress-average-americans-164000800.html J - Ninety percent of politicians give the other ten percent a bad reputation. - Henry Kissinger Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel. - John Quinton ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:362001 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
