The Accountability Deficit More than a year later, has anybody been brought to account for crashing our economy? Don't be silly. http://motherjones.com/special-reports/2010/01/accountability-deficit Too Big to Jail ? | Mother Jones http://motherjones.com/politics/2010/01/too-big-jail video: Moyers Too Big To Jail? David Corn and Kevin Drum http://www.pbs.org/moyers/journal/01082010/profile.html video: Jon Stewart on balsa wood, baby tears & bankers’ bonuses http://maxkeiser.com/2010/01/14/jon-stewart-on-balsa-wood-baby-tears-bankers-bonuses/ http://maxkeiser.com/ [KR08] The Keiser Report – Markets! Finance! Scandal! http://maxkeiser.com/2010/01/14/kr08-the-keiser-report-markets-finance-scandal/ http://www.google.com/#hl=en&source=hp&q=max+keiser&aq=f&aqi=g10&oq=&fp=3ee02e24325a615d ==== “I Do Not Blame The Regulators” http://baselinescenario.com/2010/01/13/i-do-not-blame-the-regulators/ Financial Crisis Inquiry Commission Prepares To Investigate Tuesday, January 12, 2010 http://www.pbs.org/nbr/site/onair/transcripts/financial_crisis_inquiry_commission_100112/ financial inquiry commission simon johnson http://www.google.com/#hl=en&q=financial+inquiry+commission+simon+johnson&aq=f&aqi=&oq=&fp=912a6c045c7a9ff9 ==== Financial Crisis Inquiry Commission: A User's Guide http://www.huffingtonpost.com/mike-konczal/financial-crisis-inquiry_b_420246.html Where is Britain's "Financial Crisis Inquiry Commission"? http://www.newstatesman.com/blogs/mehdi-hasan/2010/01/public-commission-crisis 10 Questions A Financial Inquiry Commission MUST Ask Eliot Spitzer and William Black | Jan. 12, 2010 http://www.businessinsider.com/10-questions-a-financial-inquiry-commission-must-ask-2010-1 Ask a Banker! Top Ten Questions for the Financial Crisis Inquiry Commission 01/12/2010 - by Eliot Spitzer, William Black, and Frank Partnoy | 24 Comments http://www.newdeal20.org/?p=7443 http://www.google.com/#hl=en&q=financial+inquiry+commission+joke&aq=f&aqi=&oq=&fp=912a6c045c7a9ff9 === video: Moyers Too Big To Jail? David Corn and Kevin Drum http://www.pbs.org/moyers/journal/01082010/profile.html The latest issue of MOTHER JONES magazine looks into this discrepancy, calling it the "accountability deficit." The magazine commissioned a series of articles investigating why no one has been brought to account for crashing the economy. -- While the great wealth of Wall Street allows it to lavish campaign contributions on Congress, it is not money alone that gives the financial industry so much power. The influence of Wall Street has managed to change the national conversation. MOTHER JONES political blogger Kevin Drum explained the phenomenon using a term used by economist Simon Johnson : It goes beyond regulatory capture, where, say the banks control the S.E.C. That's one thing. "Intellectual capture" means that essentially the financial industry has convinced us — you know, in the '50s what was good for General Motors was good for America — now it's what's good for Wall Street is good for America. And they've somehow convinced us that we shouldn't ask about what's right or what works or what's good for America. We should ask what's productive, what's efficient, what helps grow the economy. It is this "intellectual capture" that prevents a reform movement from taking hold. David Corn, Washington bureau chief for MOTHER JONES, explains: While [people are] angry at Wall Street, particularly on the corporate compensation front — which is very easy to get angry about — they also are fearful of taking Wall Street on, because they've been taught that if the Dow falls, if you take on the big banks, it's going to be bad for all of us. So, it really is this "Stockholm Syndrome," where we're forced to identify with people who are holding us hostage without our interest in mind. -----
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