Resolution Authority for Large, Interconnected Financial Companies Act of 2009, see section XII
Or the piece of shit legislation that's too long for an acronym. THis is giving banks even more cushion to fall on everytime they mess up. Volcker calls it "TARP on STeroids".
So none of the Wall Street Tycoons have been sent to the Slammer. They're not on house arrest, not in jail... they're probably floating their funds offshore and doing everything before the uprising.
But while our government is taking out taxpayer dollars to save their hides, they're enacting legislation that will permanently make taxpayers liable to the screw up bank CEO criminal tycoons as they ruin our financial system.
Barney Frank and Chris Dodd needs a lobotomy. The idiots in Congress needs to go on trial. I wish I had the resources to start a "People vs. the Government" suit.
So the FBI is "investigating"? This problem was created by our government. Phil Gramm (Deregulation- other faulty legislation that enabled the crimes to occur), Christopher Cox (Securities Exchange Commission-see items ie. Rule 10b-21 which is a corrupt way to use legislative authorities backed by the US Government), Robert Pickel (International Swaps and Derivatives Association), Gary Gensler (Commodities Futures Trading Commission), Henry Paulson and Ben Bernanke are all Government officials that need to be in prison for causing the Greatest Financial Scandal in the History of the World. Congress is an accomplice.
Government was the enabler. And of course Barney Frank is "staying the course". Massachussets, please vote him out.
Andrew Jackson's Bank Veto discusses his concerns about concentration of power and the abuses within.