Surviving Capitalism (Not) : Another Week, Another Bankster with Impunity

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Thursday, August 16, 2012

Another Week, Another Bankster with Impunity

Click here to access article by Marcy from her blog Emptywheel.

Her report provides another excellent illustration of the One Percent's protection of major capitalist crooks (banksters),and how their media frames news reports related to this fact.

Her reference to "Preet Bharara" may need some explanation for people outside of the New York area. He is a US attorney, an Obama appointee, who handles government prosecutions in the New York area which, of course, includes Wall Street crimes. In 2012, Bharara was named by Time magazine as one of "The 100 Most Influential People in the World". For more information on him, see this and this.

This week, the bankster who will avoid all legal accountability is MF Global and its CEO Jon Corzine. So says the NYT.

While I’m disgusted by that news, I’m not shocked. I’ve grown used to the guarantee that top banksters are immune from all laws.