28 February 2011

Normally, I Don't Follow the Oscars

Good question

And the trailer
But Charles Ferguson, the director of the documentary The Inside Job, upon accepting his award for best documentary, raised an obvious point:
Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that's wrong.
It's a good question, and, considering the timing of the crisis, it really started in September 2008, and there was no way that anything but damage control could be done over the next few months, the answer has to be, "Because Barack Obama does not want a single financial executive to go to jail."

There are some issues that were mismanaged by the Bush administration, they had no intention to reign in excessive bonuses, for example, but the only way that major figures, such as the recent decision to no-bill Angelo Mozillo, is if there was a conscious decision not to apply to the rule of law at the highest level.

This is very similar to, and as least as damaging in the long term as, his conscious to allow the worst excesses of torture, perjury, and civil rights violations for Bush and His Evil Minions.

This is corrosive to society.


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