Republicans and Democrats alike have backed the same failed materialist techno-narcissistic pro-corporate PR-machine policies with “growth at all costs,” debilitating rational selfishness, and a nefarious embracing of a Dukes-of-moral-Hazzard business model. Ethics, behind closed doors, is something you flush down the toilet along with your brains. The whole machine will eventually grind to a halt. It is going to happen piece by piece rather than a big spectacular Hollywood style explosion.
Eric Holder said, “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy…”
We can’t prosecute Too Big To
Fail Jail institutions even though they broke the law. Matt Taibbi writing about HSBC sated, “For at least half a decade, the storied British colonial banking power helped to wash hundreds of millions of dollars for drug mobs, including Mexico’s Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years…The bank also moved money for organizations linked to Al Qaeda and Hezbollah, and for Russian gangsters; helped countries like Iran, the Sudan and North Korea evade sanctions; and, in between helping murderers and terrorists and rogue states, aided countless common tax cheats in hiding their cash.” He also notes, “Yes, they issued a fine – $1.9 billion, or about five weeks’ profit – but they didn’t extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.”
This should be the new definition of insanity.
Chase and the London Whale. UBS and Libor Scandal. Corzine and the MFGlobal scandal. The Raj Rajaratnam scandal. Goldman Sachs thinks everyone but themselves are “muppets” that they can knowingly sell garbage to. And on and on. There isn’t one single adult running the system. These are the largest subsidies in the world and people are complaining that someone bought junk food with food-stamps. You would go to jail longer for stealing a couple boxes of Tide from Wal-mart than people who have screwed around with trillions of dollars and millions of people’s lives. I guess the Steve Miller Band is right, we’ve got nothing better to do.
This here’s a story about Billy Joe and Bobbie Sue
Two young lovers with nothin’ better to do
Than sit around the house, get high, and watch the tube
And here is what happened when they decided to cut loose
They headed down to, ooh, old El Paso
That’s where they ran into a great big hassle
Billy Joe shot a man while robbing his castle
Bobbie Sue took the money and run
Go on take the money and run