re: #330 MsJ

My husband got in a lot of trouble at various sites by simply asking “What laws were broken that you will use to throw them in jail?” He was called everything from conservative asshole (he is not the former and sometimes the latter :-D) to…well, you know. It is a valid question, though. You can’t throw someone in prison you don’t like any more than they can throw you in for your views. (At least at the moment.)

While there are times he makes me nuts sometimes, he is almost always valid in his thinking. I think that is what frustrated me most with Bernie. There was no THERE there in all his ranting - and he has been a lawmaker for 20+ years. He knows better. Many don’t.

Let’s suppose all that shit done by the bankers really was legal. If so, there should have been Congressional hearings where bank executives were obliged to go on record with what they did and exactly how it was legal. That’s the way to generate public pressure for banking law reform. This kind of PR stunt is why we even have an SEC now.

As a result of the Pecora Commission’s findings, the United States Congress passed the Glass-Steagall Banking Act of 1933 to separate commercial and investment banking, the Securities Act of 1933 to set penalties for filing false information about stock offerings, and the Securities Exchange Act of 1934, which formed the SEC, to regulate the stock exchanges.

en.wikipedia.org