A Black Agenda Radio commentary by executive editor Glen Ford
Hundreds of protesters massed at the Department of Justice to demand that banks be held accountable for their multitudinous crimes. That’s like asking the Pope to convert to Islam. “If the Obama administration has been consistent on any one issue, it is the untouchability of the biggest banks.”
Demonstrators Demand End of Impunity for Banks
A Black Agenda Radio commentary by executive editor Glen Ford
“Banks have failed to pay more than half of $5.7 billion owed to homeowners from over 30 settlements since 2008.”
Attorney General Eric Holder won’t lay a hand on the cabal of banks that are “too big to fail” and far too politically powerful to jail, but DC police seemed eager to use their tasers on homeowners and anti-foreclosure demonstrators at Holder’s Justice Department, this week. Five hundred protesters from organizations around the country
If the Obama administration has been consistent on any one issue, it is the untouchability of the biggest banks. Attorney General Holder has acted more as the bankers’ bail bondsman than the nation’s top law enforcement official. When confronted with two Scandals of the Century – the massive robo-signing bank fraud and the Libor interest rate fixing scheme – Holder moved to protect the banks
“He used the powers of his office to block state criminal prosecutions.”
Not only does the Attorney General refuse to consider putting bankers in jail, whatever the crime, he allows them to defy the terms of agreed upon financial settlements. According to the Washington Post
As it has turned out, many of the banksters’ victims have received only a few thousand, or even just a few hundred dollars
Even as his administration fails to live up to its Constitutional responsibilities to enforce the law, as it applies to Wall Street, Obama preached personal responsibility
So, let’s stop pretending.
For Black Agenda Radio, I’m Glen Ford. On the web, go to BlackAgendaReport.com.
BAR executive editor Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com .
This week’s featured author is Nick Nesbitt. Nesbitt is Professor of French and Italian at Princeton University. His book is The Price of Slavery: Capitalism and Revolution in the Caribbean.
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