Saturday, March 26, 2011

How could this be? Angelo the corrupt skates while millions of poor and brown Americans go to jail

I thought the era of Democratic hegemony would usher in an era of 'getting tough' on corporate scofflaws.  Yet the man at the center of the great real estate bust is getting off paying less in fines on his ill gotten booty than Warren Buffett's cleaning lady.  How can this be?  Oh, I forgot, the friends of Angelo include many of the Democrat party's power elite.

LAWS, LIKE TAXES, ARE FOR THE LITTLE PEOPLE: Friends Of Angelo — and Angelo — skate while small fry go to jail. “Mr. Mozilo’s company made billions in profit, some of it on liar loans that he acknowledged at the time were likely to be fraudulent and which did untold damage to the economy. And he personally was paid hundreds of millions of dollars. Though he agreed last year to a $67.5 million fine to settle fraud charges brought by the Securities and Exchange Commission, it was a small fraction of what he earned. Otherwise, he walked. Thus does the Justice Department display its priorities in the aftermath of the crisis.”
Never mind.  Compare this to how Kenny Boy Lay was treated by his 'friend' George W. Bush.  Gee, what do they call the form of government where justice depends upon who you are rather than what you do?  I dunno, it escapes me.  Hat tip Instapundit.

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