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Is It Time For A Jailout On Wall Street?

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Message Danny Schechter

 

AS NEW SCAMMERS EMERGE, IS IT JAILOUT TIME YET?

The Right Mobilizes Against The Stimulus While We Sign Petitions

 

By Danny Schechter

Author of PLUNDER

 

Judging by my in-box, there seem to be no shortage of organizations and individuals obsessed with an image: Dick Cheney and George Bush in prison, and Karl Rove in the next cell.  Never mind that Congress doesn’t have the guts or the President the gumption to go after those responsible for the gutting of the Constitution. Nevertheless, there are many campaigns and calls to hold the last Administration accountable for its crimes.

 

At the same time, as we watch an economy in free fall, there seems to a lot less agitation for a serious investigation of those responsible for this collapse. Evan as you overhear conversations in every bar and union hall that begins with “those bastards should be in jail,” few progressives are leading the charge to demand a Jail-Out alongside those stimulus bailouts. It’s as if economic crimes provoke a ho-hum reaction among activists.

 

Oddly, some corporate media are more sensitive to the seething mass public outrage. TIME did a spread on the 25 individuals responsible for the crisis including politicians and CEO’s. They ran a photo spread with their images against the background of police line-up. CNN has profiled corporate criminals. CNBC is running a series on “American Greed”---mostly of small time con men.

 

Of course the Madoff case stays in the news even as he stays in his fancy apartment. The investigators have now determined that he never made any trades with the money investors trusted him with.

 

Tom Lindmark seemed shocked to hear this on the Seeking Alpha financial blog:

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.
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