Wednesday, March 17, 2010
Geithner = "Chief Facilitator"
This is all getting fairly ridiculous. When will someone go to jail? Jeez, give us a scapegoat if nothing else. I don't know how they expect anyone to respect the law at this point. The fraud and malfeasance reaches to the very top.
Yves Smith of Naked Capitalism said: "Quite a few observers, including this blogger, have been stunned and frustrated at the refusal to investigate what was almost certain accounting fraud at Lehman." He goes on to note the possibility of "accounting fraud," noting "collusion" on the part of the Fed, ultimately condemning the activities described as the probable "aiding and abetting Lehman in accounting fraud and Sarbox violations." But we will never know for sure unless the matter is investigated, which it most likely won't be. See:
Our government now regularly bends over backwards to suborn criminal activity. And when the wrong-doers are caught, not only do they not go to prison as they should, they get made whole again on the back of everyone else's money.