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General News    H3'ed 6/25/09

Madoff In The Dock: THE CRIME OF OUR TIME

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Danny Schechter
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The real question is will we ever get to the bottom of the larger financial crime wave that caused much of this crisis with encouragement from government agencies and politicians?

 

Futurist James Howard Kuntsler believes major crimes are pervasive but probably won’t be exposed, writing;

 

“Something like $14 trillion worth of nominal dollars is being sucked into a cosmic vortex never to be seen again. It was last seen in the spectral forms of so many collateralized debt obligations, credit default swaps, so-called structured investment vehicles and other now-obvious frauds. That giant sucking sound we hear means the process is still underway, and the "money" disappearing into yawning oblivion will out-pace any effort

orchestrated by the Federal Reserve and the US Treasury to replace it…

 

Notice the two words largely absent from whatever public discussion

exists around these matters -- "swindle" and "fraud." The reason

they're missing is because if they happened to enter the

conversation, something would have to be done about them, namely

investigations and prosecutions.”

 

Once again, it is up to the public to demand accountability. Perhaps with the images from Iran in mind, this time,  so the while issue won’t be buried.

 

One big fish is in the tank; many others are swimming away.

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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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