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Take Action:ENOUGH. Tell Attorney General Eric Schneiderman It's Time to Indict Wall Street for Major Fraud - or Tell the World


Business  (tags: business, consumers, corporate, economy, ethics, finance, money, investors, investments, politics, society, usa, corruption, americans, dishonesty, debt, investing, law, lies )

JL
- 669 days ago - other98.com
We want a real Wall Street investigation before time runs out, or none at all. No fig-leafs, no tokens - it's time to indict the biggest banks for historic fraud before statues of limitations run out, or tell the world why not.



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Comments

JL A. (272)
Thursday September 20, 2012, 5:44 pm
Because No Banker Is Too Big to Jail

We want a real Wall Street investigation before time runs out, or none at all. No fig-leafs, no tokens – it’s time to indict the biggest banks for historic fraud before statues of limitations run out, or tell the world why not.

For the last 5 years, everyone in America has been asking the same question: “When are the Wall Street bankers responsible for crashing the global economy going to be prosecuted?” There have been zero indictments, and now the statute of limitations is running out. We want to know why AG Eric Schneiderman, the latest lawyer assigned to investigate the financial crisis, has yet to produce any indictments of major Wall Street fraud – even though the clock to prosecute megabank crimes is running out.

When Eric Schneiderman, Attorney General of New York, was appointed to lead the investigation into large-scale Wall Street fraud, America got its hopes up. Finally, here was a crusading progressive with a record of taking Wall Street crime seriously and making the right enemies who would, after 5 years of zero indictments, finally deliver results. He even promised when he was appointed in January that we wouldn’t have to wait six months to start seeing results. It’s now *eight* months later, and there has barely been a peep from Schneiderman or his Financial Crisis Task Force.1

But it gets worse. Much of the financial fraud that led to the Great Crash happened in 2007 – and has a five-year statute of limitations to bring forward indictments.2 Which means Schneiderman either needs to start bringing forth indictments *now* to have any hope of getting the American people justice – or watch as the worst criminals on Wall Street go unpunished, letting the next crisis happen without any disincentive to change their ways.3

Meanwhile, the Task Force has been pursuing indictments for all manner of low-level financial crime – be it individual traders who played with LIBOR, or aftermath from the Madoff case – but virtually nothing having to do with the worst global financial crisis in modern memory.4 This has to change. No token indictments, no distractions: we need indictments on the worst offenders right now.

There are other ways for Schneiderman to proceed with the investigation – but they either involve the banks agreeing to delay the investigation through a “tolling agreement” (fat chance), or proceeding with what’s called a FIRREA investigation, which takes criminal charges off the table. Neither of these is acceptable – there can’t be one set of laws for the financial elites and another for everyone else.

AG Schneiderman: You’re one of the few public officials who has talked the talk on holding Wall Street accountable. Now it’s time to walk the walk. Indict Wall Street – or step down in public protest.

1. http://www.huffingtonpost.com/2012/05/25/eric-schneiderman-mortgage-task-force_n_1545693.html
2. http://www.pbs.org/wgbh/pages/frontline/business-economy-financial-crisis/money-power-wall-street/deadlines-loom-to-bring-financial-crisis-cases/
3.http://news.firedoglake.com/2012/07/13/rep-miller-agency-officials-acknowledge-that-securitization-task-force-a-potemkin-village/
4. http://my.firedoglake.com/masaccio/2012/07/06/financial-fraud-enforcement-task-force-fakery/

Petition at:
http://other98.com/eric-schneiderman-indict-wall-street-or-step-down-in-protest/
 

Just Carole (341)
Friday September 21, 2012, 6:06 am

Definitely signed! Thanks, J.L.

 

Alexandra Rodda (176)
Friday September 21, 2012, 6:29 am
Could not sign because not in USA. Wish you luck with petition.
 

Ben Oscarsito (353)
Friday September 21, 2012, 6:43 am
Done. 13,923 have signed so far...
 

Richard Zane Smith (86)
Friday September 21, 2012, 6:52 am
those responsible for the collapse of the twin towers triggered a HEAVY military response
those responsible for the collapse of wall streets ivory towers and the economy....nothing?
 

Naoko I. (261)
Friday September 21, 2012, 6:53 am
Noted, signed and shared on FB.
 

Naoko I. (261)
Friday September 21, 2012, 6:55 am
Well, Alexandra, I'm sometimes in Maryland, US...lol. I just use my "almost" real zip code.
 

Elle B. (81)
Friday September 21, 2012, 7:39 am
Signed. Ty J.L. for posting..."C" for sending. . .and all who care, remain genuine and refuse to mutate. A few wise words from those who said it so well. . .

“The Greed of gain has no time or limit to its capaciousness. Its one object is to produce and consume. It has pity neither for beautiful nature nor for living human beings. It is ruthlessly ready without a moment's hesitation to crush beauty and life.” ―George Eliot [Mary Anne (alternatively Mary Ann or Marian) Evans (22 November 1819 – 22 December 1880)]

"This focus on money and power may do wonders in the marketplace, but it creates a tremendous crisis in our society. People who have spent all day learning how to sell themselves and to manipulate others are in no position to form lasting friendships or intimate relationships... Many Americans hunger for a different kind of society -- one based on principles of caring, ethical and spiritual sensitivity, and communal solidarity. Their need for meaning is just as intense as their need for economic security." ―Michael Lerner, journalist

“A Native American grandfather talking to his young grandson tells the boy he has two wolves inside of him struggling with each other. The first is the wolf of peace, love and kindness. The other wolf is fear, Greed and hatred. "Which wolf will win, grandfather?" asks the young boy. "Whichever one I feed," is the reply.” ―1st Nations
 

Arielle S. (316)
Friday September 21, 2012, 7:41 am
Absolutely done.
 

JL A. (272)
Friday September 21, 2012, 7:45 am
You cannot currently send a star to Ben because you have done so within the last week.
 

JL A. (272)
Friday September 21, 2012, 7:47 am
You cannot currently send a star to Arielle because you have done so within the last week.
 

Chris Nielsen (70)
Friday September 21, 2012, 8:12 am
Noted and signed! Thanks !!! : D
 

Caitlin Mac (102)
Friday September 21, 2012, 8:34 am
Thanks, JL for keeping this issue alive. Thanks, Carole, for forwarding to me. Thanks to Richard ZS for concise expression of the mystery that surrounds this topic. And many thanks to Elle B. for the insightful quotes. I'll be sending them to my conservative friends in hopes that they'll (1) read them; and (2) let the information perk within themselves. (Fat chance?) I'll also be sending this C2 item and the quotes to all C2-ers on my list. Thanks again, JL. ... and, of course, I signed the petition.
 

Barbara K. (87)
Friday September 21, 2012, 9:00 am
Noted and signed it before. Thanks for the post, J L.
 

Jim Phillips (3215)
Friday September 21, 2012, 9:10 am
Petition signed.

The people responsible need to be indicted immediately.

The statues of limitations should be extended to indefinitely.

Perhaps Eric Schneiderman could team up with the man and task force also looking into the collapse
With those in Iceland.

Goldman-Sachs needs to be investigated completely as well as those in the bushy administration.

Ty, J L and C forward.
.
 

Terry King (108)
Friday September 21, 2012, 9:30 am
Done!
 

Henriette Matthijssen (147)
Friday September 21, 2012, 9:42 am
Signed, Thanks J.L. & Carole for the forward.
 

Carole K. (199)
Friday September 21, 2012, 9:57 am
Noted & signed. TY, J.L. & Henriette for FWD.
 

Patricia Cannell (748)
Friday September 21, 2012, 10:13 am
Signed and noted.
 

ParsifalOffline S. (117)
Friday September 21, 2012, 10:17 am

Thanks Henriette for sharing, could sign abeit not in the USSA
 

Kathy Chadwell (371)
Friday September 21, 2012, 10:18 am
Happily signed and shared to facebook and twitters.
Thank you J.L & Carole for the forward
Why does jailing bankers make my day:)
Could it be I'm sick to death of white collar criminals getting away with real crimes while they try to silence us
 

Alicia v. (181)
Friday September 21, 2012, 11:05 am
Done!
 

Jae A. (323)
Friday September 21, 2012, 11:20 am
Not to big to Jail !

Signed/noted and thank you for sharing !
 

Abo r. (100)
Friday September 21, 2012, 11:20 am
Noted , Signed thanks Jl for posting and thanks Henriette for forwarding.
 

Carrie B. (300)
Friday September 21, 2012, 11:21 am
Of course signed!
 

tasunka m. (334)
Friday September 21, 2012, 11:50 am
noted.Using my old phone. Internet modem disabled.
Might lose the ability to communicate.Please don't worry. Endeavoring to persevere.
Love you all.
 

Dandelion G. (381)
Friday September 21, 2012, 12:16 pm
signers so far: 14960 Your signature has been submitted.
This Petition below also seems to still be active.....
Jail Wall Street Crooks
 

Mary T. (188)
Friday September 21, 2012, 12:37 pm
Thanks J.l. for posting and thanks Henriette for forwarding, Gladly already signed and shared already, Also have signed Dandelion petition.
 

John Coleman (18)
Friday September 21, 2012, 12:54 pm
How about an investigation of a real financial crook, Jon Corzine? Oh that;s right, he is a huge Demagogue Party politician and a but bundler of cash for Dear Leader Obama!
 

Edwin M. (366)
Friday September 21, 2012, 1:03 pm
Thank you JL and thank you Mary for the forward. Although I hope that someday these people will face justice for their actions the track record of wealthy people being prosecuted in this country is pretty abysmal.
 

Margery Coffey (8)
Friday September 21, 2012, 1:41 pm
Tired of two sets of rules. Small crooks get oodles of time in jail. Big crooks get whatever they want with no penalty. Not Democracy. This is Warlord rules.
 

Heidi Aubrey (16)
Friday September 21, 2012, 2:36 pm
Signed and noted.
 

Linda MacRae (47)
Friday September 21, 2012, 2:45 pm
noted and signed
 

Lisa Neste (696)
Friday September 21, 2012, 3:21 pm
Signed, thanks JL & Mary for the forward.
 

Angelika R. (146)
Friday September 21, 2012, 4:09 pm
already signed yesterday, thanks JL for posting this. I am also very disappointed about Schneiderman 's zero action and believe he has been suppressed. When he was appointed for this job back then all comments were positive calling him the right man to do it...but puff...
 

Nelson Baker (0)
Friday September 21, 2012, 4:12 pm
Signed
 

Vicky P. (462)
Friday September 21, 2012, 4:33 pm
noted and signed
 

JL A. (272)
Friday September 21, 2012, 4:34 pm
You cannot currently send a star to Patricia because you have done so within the last week.
 

JL A. (272)
Friday September 21, 2012, 4:35 pm
You cannot currently send a star to Jae because you have done so within the last week.
 

Jim Phillips (3215)
Friday September 21, 2012, 4:51 pm

Dandelion's Petition signed link from above.

The people that were responsible for overseeing the stock market and related activities fell asleep, deliberately???,
at their jobs. Or just maybe they allowed this collapse to happen. I do wonder how much money they
made during this episode in the bush administration, 2000 - 2008.

There is a video in YouTube where there was a congressional hearing taking place and one Senator was blasting the SEC! Awesome video.

http://www.sec.gov/
SEC Initiatives Under New Regulatory Reform Law
The SEC is responsible for implementing a series of regulatory initiatives required under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The Dodd-Frank act is not very good and it is not strong; it is weak.

The economic collapse can happen again...

Yes, the people responsible for the economic collapse should be arrested and thrown into prison for life. Unfortunately, USA does not execute these kinds of criminals like china does.

Reinstate Glass Steagall.

Ty,
.
 

Lyn Z. (298)
Friday September 21, 2012, 4:53 pm
Noted & Signed. Thanks J.L. & Carole for Fwd
 

Yvonne White (231)
Friday September 21, 2012, 5:15 pm
I bet it pisses Martha Stewart off every time she sees bankers & brokers running around free - they ALL should have the sign "UnIndicted Co-Conspirator" tattoed on their foreheads! De ja Reagan-era Voo Doo!;)
 

Julian Robert Gonzalez (112)
Friday September 21, 2012, 6:19 pm
I so agree and definetly sign.
Please note

http://0.tqn.com/d/politicalhumor/1/0/5/G/4/Demonstrators-vs-Bankers.jpg

Thank you JL
 

Michael Carney (207)
Friday September 21, 2012, 6:57 pm
Noted, and signed...Those Wall St. Bankers are all going to pay when they die...Hell has a whole wing reserved for these f**kers, for what they've done to this Country and the World for that matter...
 

Beverly M. (85)
Friday September 21, 2012, 7:49 pm
Noted and signed ~ I think we've all run out of patience and it's for some justice. Thank you J.L. and Carole for passing this along, I'll do the same!
 

JL A. (272)
Friday September 21, 2012, 8:18 pm
You cannot currently send a star to Jim because you have done so within the last week.
 

JL A. (272)
Friday September 21, 2012, 8:20 pm
You cannot currently send a star to Julian because you have done so within the last week.
 

Hartson Doak (32)
Friday September 21, 2012, 8:23 pm
Rob a bank with a gun and get a few thousand and go to jail for the rest of your life. Own the bank and rob everyone and get a bonus in your pay check, a pat on the back and your picture of the front of magazines.
 

DAVID LAIRD (0)
Friday September 21, 2012, 8:32 pm
SIGNED
 

Charlie Rush (48)
Friday September 21, 2012, 8:36 pm
We want it, but, will we get it?
Are they just too powerful?
This one's a 'biggie', a real biggie.
 

Pat B. (354)
Friday September 21, 2012, 8:48 pm
Thank you, J.L. for this, and C for FW. Definitely signed.!!!
 

JL A. (272)
Friday September 21, 2012, 9:05 pm
You cannot currently send a star to Charlene because you have done so within the last week.
 

Sheila D. (24)
Friday September 21, 2012, 9:14 pm
Noted and signed. Thanks J.L.
 

Susanne R. (249)
Friday September 21, 2012, 9:39 pm
Noted and signed with great pleasure! The Wall Street Bankers cannot be allowed to get away with this! They've gotten away with enough already and deserve to have their criminal actions on record! This country seems to enjoy keeping our prisons full. Pardon the marijuana users and fill their cells with the real criminals. Some hard labor wouldn't hurt, either! Perhaps they could repair the vandalism being done to all the homes they forced into foreclosure...

Thanks for posting this, J.L.!
 

Colleen L. (2)
Friday September 21, 2012, 9:56 pm
Petition signed. Thanks J.L.
 

Phyllis P. (427)
Friday September 21, 2012, 10:08 pm
done
 

H Nick H. (1826)
Friday September 21, 2012, 11:09 pm
Noted and signed. I signed the petition, but have problems with Care knocking me out and having to log in trying to leave this comment. With republicans so much in control, I doubt that anything will get done. I hope so, and also try Bush & Chaney and so many others.
 

Kathleen R. (138)
Saturday September 22, 2012, 2:21 am
signed & noted
 

Arild Warud (159)
Saturday September 22, 2012, 2:42 am
Signed,thanks JL
 

Abdessalam Diab (153)
Saturday September 22, 2012, 5:24 am
Your signature has been submitted.
Noted and signed.Thanks.
 

JL A. (272)
Saturday September 22, 2012, 7:29 am
You cannot currently send a star to Sheila because you have done so within the last week.
 

Kenny V. (1500)
Saturday September 22, 2012, 11:39 am
signed and noted thanks
 

Angelika R. (146)
Saturday September 22, 2012, 12:20 pm
Don't hope for it, - there you have it:
The Justice Department has defended its decision not to prosecute white-collar criminals by asserting that agreements (”deferred prosecution agreements”) which allow them to pay fines instead of doing hard time actually work:
Lanny Breuer, chief of the Justice Department’s criminal division, said in a speech before the New York City Bar Association on September 13 that the agreements have had “a transformative effect on particular companies and, more generally, on corporate culture across the globe.”
LMAO ^^
 

Angelika R. (146)
Saturday September 22, 2012, 12:32 pm
Soon we shall see how cultivated and sophisticated corporations across the globe will do business once that TPPA has come into effect. We better be prepared for a worst case scenario.
 

JL A. (272)
Saturday September 22, 2012, 12:37 pm
You cannot currently send a star to Angelikanomail because you have done so within the last week.
 

DORIS L. (61)
Saturday September 22, 2012, 3:42 pm
Signed.
 

Helen Porter (41)
Saturday September 22, 2012, 3:43 pm
noted and signed
 

JL A. (272)
Saturday September 22, 2012, 4:02 pm
You cannot currently send a star to Zee because you have done so within the last week.
 

Shelly Peterson (213)
Saturday September 22, 2012, 4:54 pm
So signed! thankyou Mary!!
 

Stuart Thomas (505)
Saturday September 22, 2012, 5:07 pm
Noted, signed, and submitted. Thank you J.L.
 

Lois Jordan (55)
Saturday September 22, 2012, 6:07 pm
Signed & Noted. Was very glad to see this petition up and all the signatures....thank you so much, J.L.
 

JL A. (272)
Saturday September 22, 2012, 6:08 pm
You cannot currently send a star to Lois because you have done so within the last week. You are welcome Lois,
 

Mary Donnelly (47)
Saturday September 22, 2012, 6:37 pm
Thanks J.L.; I'm # 16798 signature.
 

Beverly G. (129)
Saturday September 22, 2012, 6:43 pm
signed noted. thems all greedy money grabbes only think and care fo themselves and not the poor.
 

Sandra M Z. (114)
Sunday September 23, 2012, 12:17 am
Get to Work, Fraud Police.

Signed and noted, Thank you J. L. and Just for sending.
 

Lauren Goldman (0)
Sunday September 23, 2012, 2:16 am
No, the criminals on Wall Street are not too big to prosecute, but they are big enough and influential enough to stonewall and stall the investigation until the statute of limitations expire. They have as many lawyers as most small cities.
Abraham Lincoln had it right when he said:
"Corporations have been enthroned, and an era of corruption in high places will follow." 1863
Think what he would feel if he could see the swamp of corruption our country has become.
 

Emma S. (221)
Sunday September 23, 2012, 7:40 am
Done! Thanks, JL.
 

JL A. (272)
Sunday September 23, 2012, 7:52 am
You cannot currently send a star to Emma because you have done so within the last week.
 

Randy Goughnour (38)
Sunday September 23, 2012, 9:45 am
signed.
 

Margery Coffey (8)
Sunday September 23, 2012, 12:23 pm
Nationalize the too big to fail corporations. It is the only way to stop them.
 

Eternal Gardener (702)
Sunday September 23, 2012, 3:29 pm
N&S with pleasure!
 

Julian Robert Gonzalez (112)
Sunday September 23, 2012, 4:55 pm
To get better exposure demand whoever is sponsoring the debates to make this a question asked. Put the candidates on record. Don't sweep this under the rug.
 

JL A. (272)
Sunday September 23, 2012, 5:35 pm
You cannot currently send a star to Margery because you have done so within the last week.
 

JL A. (272)
Sunday September 23, 2012, 5:37 pm
You cannot currently send a star to Julian because you have done so within the last week. Julian, you could always start a petition to Jim Lehrer or the other selected journalists asking the questions to include it as a question.
 

Charlene B. (4)
Sunday September 23, 2012, 6:49 pm
If this was John Q PUBLIC there would be no questions asked,your butt would be in jail before you knew it.Wall street should not be any different.They know the rules,but play by their own set.They are crooks plain and simple.All types of elections are coming up.Remember who works for you and who works for themselves.
 

Ludger W. (72)
Sunday September 23, 2012, 11:15 pm
done, ty
 

Tom Sullivan (99)
Monday September 24, 2012, 12:19 pm
They need someone that can't be bought off
 

Kit B. (277)
Monday September 24, 2012, 8:08 pm

Your signature has been submitted.

Too Big to Fail does mean too Big to Jail, the proof is in the lack of prosecutions. I guess sending Bernie Madoff to prison was supposed to assuage our sense of justice. One man with a comparatively tiny scheme did nothing for my sense of justice not done.
 

JL A. (272)
Monday September 24, 2012, 8:15 pm
You cannot currently send a star to Kit because you have done so within the last week.
 

june t. (63)
Monday September 24, 2012, 11:04 pm
I guess they are waiting until the statue of limitations runs out
 

Seth E. (57)
Tuesday September 25, 2012, 12:00 am
Noted and signed.

Thanks!
 

Nan Towle (48)
Tuesday September 25, 2012, 6:32 am
Nothing has really changed in the culture on Wall Street or with the big banks.
Big bonuses and making money by hedging against the people who they are supposed to have a fiduciary relationship with is still happening. It's just wrong on every level. It may be legal, but it's still wrong.
Not only could this all happen again, our economy could totally go "off the cliff" next time around..
Those who not only profit from but get obscenely enriched by perpetuating manipulation of the system on wall street and he banks while utterly destroying everyday citizens lifetimes of hard work and retirement provisions need to be held accountable.
It's time to bring back Glass Steagall.
 

. (0)
Tuesday September 25, 2012, 10:08 am
so signed..ty JL
 

Kathy Javens (104)
Friday September 28, 2012, 5:47 am
Gladly signed and noted. Thank you, Caitlin for sending this.
 

JL A. (272)
Friday September 28, 2012, 6:55 pm
You cannot currently send a star to june because you have done so within the last week.
 

JL A. (272)
Friday September 28, 2012, 6:57 pm
You cannot currently send a star to june because you have done so within the last week.
 

JL A. (272)
Friday September 28, 2012, 6:57 pm
You cannot currently send a star toToni because you have done so within the last week.
 

JL A. (272)
Friday September 28, 2012, 6:58 pm
You cannot currently send a star to nomailplz because you have done so within the last week.
 

Shirley S. (172)
Friday September 28, 2012, 10:31 pm
Noted & signed as a NY 12345
 

Robert H. (43)
Saturday September 29, 2012, 12:09 am
The very fabric of our democracy is in dire straits as a direct result of greed, fraud at every level of government, and rampant dishonesty by government which has long since gotten too big, too powerful, and gone rogue. Unless Americans wake up and actively endeavor to reclaim our nation and the values it was built on, the day will soon come when we will all be compelled to endure the tragic results of a police state or something worse.
 

Cynthia Davis (339)
Saturday September 29, 2012, 8:44 am
Signed
 

Joe R. (189)
Saturday September 29, 2012, 9:15 am
Signed and noted.
 

JL A. (272)
Saturday September 29, 2012, 9:29 am
You cannot currently send a star to Joe because you have done so within the last week.
 

BMutiny TCorporationsEvil (467)
Saturday September 29, 2012, 9:47 am
Now is the time to walk the walk. Signed.
 

Terrie Williams (759)
Saturday September 29, 2012, 12:46 pm
Signed, noted, shared on FB and privately emailed.
 

Edith B. (142)
Saturday September 29, 2012, 9:16 pm
Signed and shared on Facebook. thanks for posting.
 

Edith B. (142)
Saturday September 29, 2012, 9:18 pm
Signed, noted, and shared on facebook. Thanks for posting.
 

Angelika R. (146)
Tuesday October 2, 2012, 11:49 am
NOT too big to fall ! BREAKING : New York sues JPMorgan over Bear Stearns mortgage securities
THANK YOU ERIC SCHNEIDERMAN ! seems our voices were heard ;- Wanted to let you know first!
 

Nancy C. (797)
Tuesday October 9, 2012, 11:40 am
31002nd
 

Israel Valdez (0)
Wednesday January 30, 2013, 2:19 pm
Signed
 

Julian Robert Gonzalez (112)
Friday February 1, 2013, 10:29 pm
already signed and noted.
Keep up the pressure!
 
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