seajane

Thoughts from a Yellow Dog Democrat living in Olympia, in the great BLUE state of Washington

I am a liberal because it is the political philosophy of freedom and equality. And I am a progressive because it is the political path to a better future. And I am a Democrat because it is the political party that believes in freedom, equality and progress. -- Digby

Sunday, August 14, 2005

GOP lobbyist Jack Abramoff

Almost all the liberal / progressive bloggers are going crazy about the indictments. I, on the other hand, am disappointed.

I've spent almost my whole adult career in regulating financial institutions and in my experience bank fraud is under indicted, under litigated, and WAY under punished. Prosecutors think that juries can't comprehend the complexities of bank fraud so they avoid prosecuting. Guys like Keating who do some time -- are the exception -- and he got away with not having to make restitution.

Tax evation would have been such a better charge . . .

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home