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Last week, a former investigator of the S&L scandal told Bill Moyers Journal that CEOs of...
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Monday, April 13, 2009, 1:16 PM ETLast week, a former investigator of the S&L scandal told Bill Moyers Journal that CEOs of many of America's largest banks knowingly engaged in the fraud which has now brought the economy to the brink of catastrophe. Some say the government's failure so far to investigate any wrongdoing "is a much larger scandal that the bonuses being paid by AIG or anybody else."
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Shocking to say the least.
In the end, the American people have the ability to make a choice.
We either start to demand investigations, demand transparency, and demand accountability.
OR
We continue to focus on what seems to be the most important things in our lives right now:
Our cell phones, the amount of useless texting all the country's WalMart workers do between themselves (in their efforts to appear important rather than actually being important) and of course making sure we do not miss a minute of Dancing with the Stars or American Idol, et al.
Whatever the final outcome of all this is, the following statement will hold true:
We will only have ourselves to blame for any and all outcomes.
No national commission has been appointed to investigate the origins of the financial crisis, and to make recommendations.
No legislative or executive effort is being made to require the relevant companies to retain their e-mail or other records so in case an investigation is ever made, there will be a paper trail to follow.
I'm not one who normally puts stock in conspiracy theories, but perhaps there is a big cover-up.