The Justice Department said Thursday it won’t prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe. – [Associated Press]
ONE MORE insulting decision for the 1% at the expense of the 99%.
In 2011, seen in the video below, Eliot Spitzer explained on CNN the challenges of prosecuting Goldman Sachs, because the paper trail gets thinner the higher you get to the top, so proving intent conclusively is tough. But he continues on to say the prosecutions are possible and imperative.
But as Matt Taibbi reminds everyone, Goldman Sachs was the number one contributor to the Obama campaign. This doesn’t mean that connection is why Goldman wasn’t prosecuted, but people just aren’t willing to give any politician the benefit of the doubt today.
Too bad Mitt Romney has absolutely no credibility to hit Pres. Obama on this issue, because both big two parties are beholden to Wall Street. Mr. Romney moreso than any candidate in history.
As for the Cornel West interview above, it’s short, but a powerful indictment on Pres. Obama’s presidency, which goes well beyond the lack of prosecutions brought on Wall Street.