Auerback/Wray: Memo to Greece: Make War, Not Love, With Goldman Sachs « naked capitalism
"...Ok, if a literal armed attack on Goldman is too far-fetched, then go after the firm using the full force of the regulatory and legal systems. Close the offices and go through the files with a fine-tooth comb. Issue subpoenas to all non-clerical staff for court appearances. Make the internal emails public. Post the names of all managers and traders on Interpol. Arrest anyone who tries to board a plane, train, or boat; confiscate their passports; revoke their visas and work permits; and put a hold on their bank accounts until culpability can be assessed. Make life at least as miserable for them as it now is for Europe’s tens of millions of unemployed workers.
We know that the Obama administration will not go after the banksters that created this global financial calamity. It has been thoroughly co-opted by Wall Street’s fifth column—who hold most of the important posts in the administration..."
2 comments:
on the plus side huge obscene bonuses result in huge amounts of income tax for a cash strapped government.
i think closing the entertainment expense loop holes in tax would be a good idea.
If you close that loophole, then the restaurants start screaming, so it's a kinda nowin situation for everyone except, as usual, the bonus class.
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