I’m still trying to recover from the over-the-top Hollywood-style movie script that The American Prospect published with protagonist NY AG Eric Schneiderman playing the role “The Man The Banks Fear Most.” That slap in the face left a handprint on my cheek! Clearly the objective facts, the track record, of the federal government demonstrate that they are not interested in bank accountability and Schneiderman is nothing more than an expensive straw man to the American taxpayers.
The federal government wanted a hush money deal with the mortgage settlement, saying to the bankers: pay us what we want and we won’t ask any questions. Even more embarrassing is the straw man defending the hype in an Op-Ed closing arguments piece fictionally characterizing this horror movie with courageous phrases like “attacking the foreclosure crisis” and “working aggressively to provide accountability”. Obviously power and ego-stroking fluff propaganda pieces do cause delusional side effects because the facts are that this hailed task force has only 50 attorneys, investigators and analysts. The inspector general of the GSA has a staff of 300 which includes 70 special agents with the same investigatory authority as the FBI. The Savings and Loan crisis took over 1,000 and Enron alone took over 100.
But our real beef is not with the expensive delusional straw man. Center stage is the hypnotist U.S. Attorney General Eric Holder. I wish that his magical powers to hypnotize the American public had worked on me! This reprehensible, morally-corrupt human being stabbed our national identity in the heart by turning his back on equality before the law. He stated in a recent interview, “Still on the agenda: protecting voting rights; holding BP accountable; and defending national security.” Did I mention that the handprint is still visible on my cheek? Right now top bankers are so confident no one will prosecute them that they show absolutely no respect for the law. All the big banks have repeatedly violated injunctionsthey have agreed to with the SEC. Judge Rakoff wrote that the SEC hasn’t enforced a single injunction against a financial institution for at least the last 10 years.
At this point it is difficult to imagine a scenario under which a group of persons within this class would be held accountable by the law. The justice system no longer applies to the few politically-connected and economically-elite in our society. Thank you Hypnotist Holder for upholding the aristocracy!