Author Topic: Wall Street Can’t Be Trusted to Regulate Itself  (Read 1701 times)

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Offline Riney

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Wall Street Can’t Be Trusted to Regulate Itself
« on: October 02, 2012, 23:12:37 PM »
Wall Street Can’t Be Trusted to Regulate Itself

Thank the Schneiderman Task Force for Standing Up to Wall Street

First steps are finally being taken to hold one of the Big Banks accountable for its role in causing the economic collapse.

A joint federal and state task force, led by New York Attorney General Eric Schneiderman, has filed suit against Bear Stearns — now owned by JPMorgan Chase — alleging systemic fraud, deceit and recklessness that ripped off investors and devastated homeowners across the nation.

It’s an excellent, if long delayed, first step. But more must be done.

No Big Bank CEO is too big to jail.

Add your name below to thank Schneiderman and press for further charges against the Big Banks.
We, the undersigned, applaud New York Attorney General Eric Schneiderman for taking the first step toward holding Wall Street accountable by filing suit against Bear Stearns & Company for its fraud and deceptive practices.

However, for the millions of Americans who, because of Wall Street’s recklessness, lost their savings, their homes, their jobs and their very way of life, this single civil suit against one Big Bank is not enough.

We also urge the Residential Mortgage-Backed Securities Working Group and other prosecutors to take the next steps: Pursue criminal charges against Bear Stearns and other Big Banks who perpetrated the financial crisis.

the link : (contains the link to a petition)
"Life shrinks or expands in proportion to one's courage" Anais Nin .. and yet we must arm ourselves with fear

Offline EmmanuelGoldstein⌛

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Re: Wall Street Can’t Be Trusted to Regulate Itself
« Reply #1 on: October 05, 2012, 02:08:08 AM »
This is great news indeed! A step of progress :). Thank you for posting this, Riney.
"The Brotherhood cannot be wiped out because it is not an organisation in the ordinary sense. Nothing holds it together except an idea which is indestructible." -1984

I am not "Emmanuel Goldstein" of the magazine 2600. My username is derived from 1984.