UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who has covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

February 11, 2009

SUE THE WALL STREET MOB

Nicholas Von Hoffman, Nation - The financial should have to answer for what they have done, otherwise the endless palaver about accountability is just that: words.

They are beyond most criminal law, which is to be expected since the bankers and financiers hire the politicians who write the laws. Civil law is another matter. Given the oversupply of overly clever lawyers, there ought to be a couple of smart ones who can spin together the legal theory on which to sue Rubin and about 200 of the other top people who have brought economic disaster down on our heads.

Rubin may not have been the mastermind--there might not have been one--but he was in the control room throwing switches. As secretary of treasury he played a principal role in making sure nothing was done ten years ago after Brooksley Born, then chairman of the Commodity Futures Trading Commission, warned that unregulated derivatives "pose grave dangers to our economy." . . .

After leaving the Treasury with the road clear for the puppet masters of high finance to do anything they wanted, Rubin hied himself off to Citigroup, where he was paid $150 million to do his share in bringing the organization to ruin and untold billions in bailout money.

Rubin may be vulnerable under a federal criminal statute that makes it a crime to commit what is called "honest services fraud," defined as "a scheme or artifice to deprive another of the intangible right of honest services." A big shot convicted under the law could service as much as twenty years in a federal hostelry. Rubin and the others who drove their companies onto the rocks could be made answerable for their conduct given the right grand jury and a US attorney with a yen to make himself or herself famous. . .

If we cannot put these people in jail, we can sue the hell out of them, take away their money and give it to the unemployed. Taking their money away is not as good as a hanging, but seeing them turned out of their mansions with a tin cup and cardboard sign should assuage some of the anger.

1 Comments:

Anonymous Mike Flugennock said...

Well, you know that given the total inability to act in the court system or the State, the only choice left is for the People to take on the job of dispensing justice themselves. Some would call it 'vigilantism', but I prefer to call it by a more accurate name: revolution. Besides, it's starting to look more and more like the only way we're going to truly rid ourselves of this class of warmongers, tyrants and oligarchs.

The behavior of the State and Capital in the past three decades -- especially the one just about to wrap up -- has entirely changed my mind about assassinations and executions.

I've pretty much given up trying to decide who'd be the proverbial "first against the wall" in the Second American Revolution because there's just too many greedy, oppressive, worthless scumbags who've earned the honor...and also because, quite honestly, I've not seen a single "movement" in this country in the past three decades who's shown the cajones to actually suggest a real, live peoples' uprising.

Besides, since they are a Mob -- that is, a Mafia of sorts -- why shouldn't a "hit" be a viable option?

February 15, 2009 2:35 PM  

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