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OpEdNews Op Eds    H1'ed 12/6/11

It's Time for a Wall Street Perp Walk

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Danny Schechter
Message Danny Schechter

We have to demand three I's and a P:

--Investigate who stole what

--Indict wrongdoers

--Prosecute the guilty

--Incarcerate white-collar criminals

That's how to send a signal to Wall Street: Make it personal!

Demand that prosecutors in cities, states and the U.S. Justice Department explain why none of the big banksters responsible for our economic misery have, so far, gone to jail. (More than 1,700 fraudsters were imprisoned after the far less serious S&L crisis.) These CEO's knew what they were doing and they are getting away with it!

This approach won't transform the economy but it will make the targets of the campaign more concrete, visible and immediate. It raises demands for economic fairness that most Americans support.

The current system of government agencies agreeing to Wall Street settlements without anyone admitting responsibility has to stop. The cover-ups by politicians and the complicit of media have to stop. We have had bailouts. Now, its time for a "jailout!"

Talk about an issue that so many agree on but yet has been so politicized and so minimized by prosecutors seeking excuses. Yes, the industry has a flotilla of high-priced lawyers who know how to evade and avoid justice. Yes, they have rewritten the laws to make it hard to convict.

But, until now, there has been no one in the streets -- with protests or pitchforks -- demanding justice. Occupy Wall Street has shown that you can influence the agenda. This issue is a no-brainer. Who will pick it up?

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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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