To RLA- we can’t prosecute people unless they break the law. The jackasses at AIG and the rest, have the law on their side thanks to the braindead Congress.
Here is why you wont hear of anyone getting thrown into court:
Thanks to a measure passed by Congress in the year 2000, just prior to Christmas break, the Credit Default Swaps were for the first time made legal and regulation of these vehicles was made impossible. Brilliant!
Phil Gramm and Alan Greenspan persuaded Congress to make it illegal to regulate CDS and derivitives. the idea was that the problem was to much regulation that stifled “creativity” when making financial deals in the market.
This is the dirty little secret that none of our “Representitives” ever speak about. When the bill was passed, Gramm even crowed that the measure would make the US the leader in world financial markets. This is the same douchebag that whilst running McCain’s campaign and the meltdown began, called the people of the US “A nation of whiners” He thought the economy was in great shape. This is why McCain faltered and said the “fndamentals of the economy are strong” - he was listening to Gramm.
So, now we have the same bunch of government dildos bailing out the banks, WITH OUR TAX DOLLARS that they enabled to steal everyones retirement.