Amidst the financial industry’s meltdown, my sources inside and around the DA’s office say the list of indictments will rack up high. If only we could bring back Eliot Spitzer.
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Amidst the financial industry’s meltdown, my sources inside and around the DA’s office say the list of indictments will rack up high. If only we could bring back Eliot Spitzer.
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Indictments would make headlines and assure the public that a) villains exist and b) are being punished. The unfortunate truth is that criminality is the smallest contributor the financial industry's meltdown.
Then elaborate. Is it corporate-friendly-special-interest policies? I fear
the biggest meltdown will be our government's greater entrance into the
financial sector. That will give life support to legacies that should die,
and prevent ideas, resources and ambition from pursuing better opportunities
and a better future.
Indictments would make headlines and assure the public that a) villains exist and b) are being punished. The unfortunate truth is that criminality is the smallest contributor the financial industry's meltdown.
Then elaborate. Is it corporate-friendly-special-interest policies? I fear
the biggest meltdown will be our government's greater entrance into the
financial sector. That will give life support to legacies that should die,
and prevent ideas, resources and ambition from pursuing better opportunities
and a better future.
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