The Obamanation

[Lamplighter]

and the glass is still half empty

[classicman]

Originally Posted by Lamplighter

and the glass is still half empty

And the reality is staring in your face, yet you still refuse to see it.

[Lamplighter]

Originally Posted by Lamplighter

and the glass is still half empty

Originally Posted by classicman

And the reality is staring in your face, yet you still refuse to see it.

Classic, I realize I can't satisfy your unhappiness over what you perceive is a lack of justice.
A glass half-full or half-empty comes of a person's own experience and personality.

You apparently feel that individual bankers should be criminally prosecuted
for their decisions and actions that lead to the mortgage and financial crisis.

But the officers of a corporation are essentially immune from prosecutions,
unless they have acted criminally manner (theft, fraud, embezzlement, etc.).
In fact, the corporation is required to legally defend it's officials for their decisions,
and may be required to financially indemnify the officials from any penalties.
The Board of Directors may dismiss it's officials, with or without settlements.
But as such, the penalties that the corporation, itself, can incur are only financial,
and these are usually offset by liability insurance.

Various people, including your nemesis, Obama, have said the
bankers may not necessarily have performed illegally
- immorally, maybe - but illegally, not likely or very difficult to prove.
To attribute lack of federal prosecution to political contributions is dissimulation.

OTOH, individual corporate officers are being prosecuted (fraudulent robo-signing, etc.)
by States Attorney Generals, but these may not be the particular individuals you want to see imprisoned.

Maybe a review at what has been proceeding against Washington Mutual
will assuage some of your dissatisfaction. Here is a bit of WaMu's recent history:

Stephen Rotella joined WaMu as president and COO and acted
as president of the Home Loans Group until David Schneider took the position in mid-2005.
WaMu also appointed a new Chief Enterprise Risk Officer (Ronald Cathcart)
and a new Controller (John Woods) at this time .

Chase Bank eventually came to own WaMu's assets, and are defending
these "former" executives in a law suite brought by the FDIC.

Here is a link to Bloomberg News:

The FDIC has authorized lawsuits against 158 officers and directors
in an effort to recoup more than $3.5 billion in losses stemming from the credit crisis,
agency spokesman Andrew Gray said today in an e-mail.
The agency, which has shuttered more than 290 lenders since the start of 2008,
has filed five other cases against officers and directors,
including one in July seeking $300 million in damages from four executives of IndyMac Bancorp Inc.

In 2008, a class-action law suite was brought against WaMu on behalf of it's stockholders.

Defendants include top WaMu executives, directors, underwriters of securities offerings,
and Deloitte Touche Tohmatsu, a Big 4 accounting firm.
<snip>
Confidential Witness 17, a former Senior Vice President of Enterprise Risk Management,
“explained that various Risk Reports were delivered to WaMu’s senior management
– including at least Defendants Rotella, Cathcart and Casey
– during 2006 ‘specifically quantified the fact that the Company
was exceeding certain risk parameters as dictated by [WaMu’s] risk guidelines’” (Complaint p. 44)

The sequence of events is in this link:
TheCourt's final decision says, in part:

Case 2:08-md-01919-MJP Document 906 Filed 11/04/11 Page 2 of 3
ORDER APPROVING PLAN OF ALLOCATION OF NET SETTLEMENT FUNDS
Master No: 2:08-md-1919 MJP

IT IS HEREBY ORDERED, that:
1. This Order approving the Plan of Allocation incorporates by reference the definitions
in the Stipulation and Agreement of Settlement with Individual Officer and Director Defendants
and with Washington Mutual, Inc. dated June 30, 2011 (ECF No. 874-1),
the Stipulation and Agreement of Settlement with the Underwriter Defendants
dated June 30, 2011 (ECF No. 875-2), and the Stipulation and Agreement of Settlement
with Defendant Deloitte & Touche LLP dated June 30, 2011 (ECF No. 874-3)
(collectively, the “Stipulations”) and all terms used herein shall,
with respect to the respective Stipulations, have the same meanings as set forth
in the applicable Stipulation or in the Notice.
<snip>
6. The Court hereby finds and concludes that the Plan of Allocation
is, in all respects, fair and equitable to the Class.
Accordingly, the Court hereby approves the Plan of Allocation proposed by Lead Plaintiff.
7. There is no just reason for delay in the entry of this Order, and immediate entry by the
Clerk of the Court is expressly directed.

SO ORDERED this 4th day of November, 2011.
Marsha J. Pechman
United States District Judge

So far as WaMu officials, Kerry Killinger, Stephen Rotella, David Schneider, are concerned,
they lost their jobs and their penalties were published 12/17/12 in the NY Times.
The article also discusses the reasoning behind the FDIC settlement.

But, I suspect all this will have little effect on your feelings
about Obama and the Dept of Justice, and you will vote accordingly.
So be it... only you can fill your own glass.

[classicman]

Originally Posted by Lamplighter

You apparently feel that individual bankers should be criminally prosecuted for their decisions and actions that lead to the mortgage and financial crisis.

yep

In fact, the corporation is required to legally defend it's officials for their decisions, and may be required to financially indemnify the officials from any penalties.

fine -go after them then.

your nemesis, Obama

Completely incorrect.

To attribute lack of federal prosecution to political contributions is dissimulation.

perspective

But, I suspect all this will have little effect on your feelings
about Obama and the Dept of Justice, and you will vote accordingly.

correct