The progressive former Democratic US Senator Ted Kaufman wrote at Forbes, on 22 July 2014:
Another year has passed with no one from a Wall Street bank going to jail for the criminal behavior everyone knows helped cause the financial crisis. Fines against Wall Street banks are reaching $100 billion, but all will be paid by stockholders. Bank CEOs and managers pay no fines and face no prison.
There has been no reform — zilch, nada — of the credit-rating agencies. They are right back rating securities from issuers who pay them for their ratings.
If you still can’t trust the credit-rating on a bond, and if Wall Street’s bigs still stand immune from the law even after the 2008 crash they had played a huge role to cause, then in what way can the US Government itself be called a ‘democracy’?
Kaufman tries to get the American public interested in overcoming the US Government’s profound top-level corruption, but few US politicians join with him on that, because only few American voters understand that a corrupt government (especially one that’s corrupt at the very top) cannot even possibly be a democratic government.
However, America’s aristocracy are even more corrupt than Wall Street itself is, and they control Wall Street, behind the scenes. And their ‘news’media are under strict control to portray America as being still a democratic country that somehow lives up to its anti-aristocratic and anti-imperialistic Founders’ intentions and Constitution. Maybe all that remains of those Founders’ intentions today is that Britain’s aristocracy no longer rules America — but America’s aristocracy now does, instead. And, this isn’t much, if any, of an improvement.
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