Comments on: Is the U.S. picking on our banks? http://blogs.reuters.com/great-debate-uk/2012/08/08/is-the-u-s-picking-on-our-banks/ Thu, 23 May 2013 11:09:22 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: ActionDan http://blogs.reuters.com/great-debate-uk/2012/08/08/is-the-u-s-picking-on-our-banks/comment-page-1/#comment-19586 ActionDan Mon, 13 Aug 2012 21:07:37 +0000 http://blogs.reuters.com/great-debate-uk/?p=11082#comment-19586 I guess that with another election to fight, the Obama administration needs those campaign contributions from Goldman Sachs: http://articles.cnn.com/2010-04-20/politics/obama.goldman.donations_1_obama-campaign-presidential-campaign-federal-election-commission-figures?_s=PM:POLITICS I guess that with another election to fight, the Obama administration needs those campaign contributions from Goldman Sachs:
http://articles.cnn.com/2010-04-20/polit ics/obama.goldman.donations_1_obama-camp aign-presidential-campaign-federal-elect ion-commission-figures?_s=PM:POLITICS

]]> By: AlisdairWilkes http://blogs.reuters.com/great-debate-uk/2012/08/08/is-the-u-s-picking-on-our-banks/comment-page-1/#comment-19584 AlisdairWilkes Sun, 12 Aug 2012 21:38:45 +0000 http://blogs.reuters.com/great-debate-uk/?p=11082#comment-19584 The fundamental flaw in US justice it that it is ultimately political and therefore led by politicians with political ambition. This inevitably leads to inconsistent outcomes, as Robbedoes mentions about GS, an institution with much blood on its hands, getting off pretty easily because it is much better politically protected than its rivals (especially overseas ones). The key point here is that the US is not that different from countries Russia, albeit not as extreme, in that it's all about who you have protecting you. British and Swiss banks are simply not as well protected as US ones and probably nobody is as protected as Goldman's. The fundamental flaw in US justice it that it is ultimately political and therefore led by politicians with political ambition.

This inevitably leads to inconsistent outcomes, as Robbedoes mentions about GS, an institution with much blood on its hands, getting off pretty easily because it is much better politically protected than its rivals (especially overseas ones).

The key point here is that the US is not that different from countries Russia, albeit not as extreme, in that it’s all about who you have protecting you.

British and Swiss banks are simply not as well protected as US ones and probably nobody is as protected as Goldman’s.

]]> By: Robbedoes http://blogs.reuters.com/great-debate-uk/2012/08/08/is-the-u-s-picking-on-our-banks/comment-page-1/#comment-19583 Robbedoes Fri, 10 Aug 2012 10:04:14 +0000 http://blogs.reuters.com/great-debate-uk/?p=11082#comment-19583 Uhuh, just today it has been decided that Goldman Sachs is not going to be indicted by the Justice department for fraud in subprime mortgages. If GS, the mother of the banking crisis and subprime scandals, is going to be let off the hook (notably with a great number of the treasury dept. employees ex-GS, a.o. Geithners predecessor Paulson), I wonder, is there any credibility left in the system? Uhuh, just today it has been decided that Goldman Sachs is not going to be indicted by the Justice department for fraud in subprime mortgages.

If GS, the mother of the banking crisis and subprime scandals, is going to be let off the hook (notably with a great number of the treasury dept. employees ex-GS, a.o. Geithners predecessor Paulson), I wonder, is there any credibility left in the system?

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