There must be a criminal investigation of the AIG debacle, and it looks as if New York's top lawman is on the case. The collusion to save this toxic company in order to salvage the rogue financiers who conspired to enrich themselves by impoverishing millions is being revealed as the greatest financial scandal in U.S. history. Instead of taking bonuses, the culprits should be taking perp walks.
I'm not just referring to the swindlers in the Financial Products Subsidiary of AIG who devised and sold those insurance policies on derivatives that brought the world economy to its knees. They do seem deserving of a special place in hell, and presumably the same divine power that according to Scripture labeled usury a high moral crime and threw the money-changers out of the temple will consider that outcome.
Does anyone think it funny that the Bernie Madoff prosecution is over? The biggest fraud in human history and they wrapped up the case in months. Peacenik smells a coverup. Thousands of financial crimes have been committed and no one is getting arrested. Just Bernie. Is anyone even investigating the crimes? Obama is more interested in pasting together a corrupt defunct financial system that fixing anything. It is laughable to hear and read the rosy predictions that all will soon be well. No one has gone to jail. No new regulations have been made. Zombie banks continue in a zombie state. Bankrupt companies are allowed to fudge their books to pretend to stay alive.
And the Globe today headlines that major Canadian companies can't meet their pension obligations. And Chrysler wants to pay Canadians Chinese wages or they'll pull out of Canada. Peacenik wishes someone would tell these companies to just fuck off.
