The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early Liberal Edition


Subject:  Re: What Iceland did right ... Date:  11/30/2012  11:30 AM
Author:  ravvt Number:  46459 of 73806

Instead Obama bailed out the bad actors and now wonders why the same bad actors are still in place.

... not only did the Obama administration provide endless amounts of bailout money, they also saw to it that there were NO prosecutions for crimes committed.

The last time bankers pulled one of these flagrantly criminal enterprises, the 80's S&L crisis, various gov't regulators filed over 10,000 complaints /w Reagan's justice dept. As a result of those referrals, the FBI investigated and the Justice dept prosecuted the miscreants. Over 1,000 bankers received prison time.