2011/05/15

RJ Eskow: Our Banks: "Too Big to Fail, Too Big for Jail"!

Hedge fund manager Raj Rajaratnam is apparently living a charmed life: Too Big to Fail banks will continue to endanger the economy because they know they'll be rescued again! In addition, they'll keep on breaking the law, knowing that even if they are caught, they will be protected from prosecution, and yet, instead of being grateful, bankers like JPMorgan Chase CEO Jamie Dimon will continue to publicly sulk about their own "perceived" mistreatment". That can be annoying, since the US taxpayer saved their corporations, their careers, and their wealth from the consequences of their own mismanagement! But in the end, all this public posturing is just a form of territorial primate display, like mandrills showing their brightly-colored posteriors to zoo visitors. These bankers are reminding us that this country's economy and government are THEIR territory, and we're just just trespassing on their mating grounds! To paraphrase an old Samand Dave song, "It's their world , we're just living in it!" An aggravation felt as a result of their actions can easily be overcome through a rigorous program of spiritual and emotional self-improvement - or so I'm told, but here's the REAL problem: If you combine the egocentric and and self-absorbed vituperation from these CEO's with the fact that their institutions can continue to commit crimes without fear of prosecution, it means that Wall Street enjoys a state of "undiplomatic immunity" that endangers the entire country!

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