Most of you will have seen Ben Bernanke’s recent crocodile tears regarding how he wished more individuals were held responsible, for you know, destroying the American middle class and handing over the nation to a handful of criminal oligarchs.
As David Dayen notes, he is completely full of shit. As usual.
From the Intercept:
Former Federal Reserve Chair Ben Bernanke joined practically everyone in America by saying in his new memoir, The Courage to Act, that more Wall Street executives should have gone to jail for criminal misconduct that led to the financial crisis.
“It would have been my preference to have more investigation of individual action, since obviously everything what went wrong or was illegal was done by some individual, not by an abstract firm,” he wrote.
Unlike practically everyone else in America, however, Bernanke was in a pretty good position to actually facilitate criminal misconduct proceedings, if he wanted to see them so badly — as head of the nation’s most powerful bank supervisory agency from 2006 to 2014.
The Fed, like all banking regulators, can initiate criminal referrals to the Justice Department for individuals they find to have broken the law. This acts as the first line of defense to discipline criminal misconduct on Wall Street.
But such activities were absent during the period when Bernanke was chair, according to criminologist and law professor Bill Black. “The Federal Reserve appears to have made zero criminal referrals; it made three about discrimination,” Black told Bill Moyers in 2013.
This is just an excerpt, I suggest reading the entire article.
For related posts, see:
The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally
Matt Stoller Destroys Timothy Geithner in His Epic Review of “Stress Test”
Michael Krieger
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“This sea change in corporate crime practice was ushered in by then Deputy Attorney General Holder in 1999 when he drafted the Principles of Federal Prosecution of Business Organizations.”
http://www.counterpunch.org/2013/05/24/collateral-consequences-weighed-for-corporations-not-for-individuals/
The Atlantic front cover is a prime example of in-your-face Jewish tribal self promotion.
The editor James Bennet was born in Boston, Massachusetts to Susanne Bennet (née Klejman; of Polish Jewish descent) and Douglas J. Bennet, He had previously been the Jerusalem bureau chief for The New York Times.
The publisher Hayley Romer, yet again Jewish.
On the cover you will see Roger Lowenstein (a Judiac) writing “The Hero” puff piece on Benjamin Shalom Bernanke (a Judiac).
Note the other cover puff piece on Chicago Mayor Rahm “Run Red Lights” Emanuel (Judiac) by fellow tribe member Jonathon Alter. “Red Lights”, a complete psychopath has a huge campaign war chest raised from other Jews and can’t be ruled out as a contender in 2020 or even 2016 if Hilary drops out.
More on Emanuel and friends:
http://winteractionables.com/?p=21178
What is it about Zionist Occupied that you don’t understand? It is time to take magazines like this when found in dentist offices, etc, and put them in the trash can.
And my father is Jewish. So why are you reading this website?