Livin' in a Bankster's Paradise

Of all the things for which I have little patience — Willard Romney, lottery machines in convenience stores, and the current state of the Montreal Canadiens, to name only three — the notion that the best way to deal with things is to "look forward, not back" is right at the top of the list. This is especially true as regards the undeniable fact that, over the course of a decade, a bunch of cheats, thieves, and suited mountebanks stole most of the national economy and then wrecked whatever was left of it. But what's most extraordinary about the whole thing is that, after they swindled their swindles and heisted their heists, and got paid off by the rest of us for having looted our naional economy, they all kept doing the same things they were doing before. These included extravagant bonuses and, of course, continued crimes of capital that ought to be capital crimes.

This is extraordinary. All this Citigroup fraud and thuggery took place after the events of the great meltdown had taken place. This whisteblower's co-workers, instead of checking for fraud or making reports about underwriting defects to the FHA as required, argued with her over the soundness of the loans, she said. Employees who acted as "gatekeepers" applied "what they describe as 'brute force' to pressure Citi's quality control managers" into downplaying defects, according to the government's complaint.

Read more: http://www.esquire.com/blogs/politics/Citigroup_walks_away_clean#ixzz1mZhO5vU0