Former Regulator: Clear Fraud in Financial Crisis -- Why Isn't Anyone in Jail?

Perhaps it is reality when you consider: (1) Government identifies absurd Corporate salaries, yet bail out so continue their huge salary with tax dollars. (2) Senators arrogantly chastising the Big Three, yet not acknowledging massive Government debt risk to the populace is in far more troubling. (3) Government Pensions are far worse ticking time bomb, but will divert the public’s attention to credit card debt instead. (4) Government at the Federal and State Level corruptly violate the Constitution, yet give standing ovations to convicted felon Senators. Sorry folks the upside-down pyramid is in collapse.

Not everything nasty is blocked, however.

Unfortunately, I don't see ANYONE going to jail, although massive fraud has been the 'daily bread' for Wall Street, even now, as we speak(write) there is fraud going on, yet nobody(regulators/SEC) seems to care???Why is that??? Because the cake is still big enough and they ALL want IN! Declaring an insurance policy a swap was one of the schemes...etc...etc....etc...and so on! And guess what? We are in for a real treat...a total colapse since the government's means are(were) limitted and they have no more!

Meet the "new" BOSS", same as the old "BOSS" Sound familiar?

He is just implying that their probably is collusion occurring. Well, duh. Unless he has some evidence on specific people or companies, how is this a story? Anyone can point out possible issues. The hard point is pinpointing who is doing what and proposing solutions.

Hmmm... well... we have to show some patience so that we do not end up putting a Prez in jail before he becomes ex-Prez. And then Alan Greenspan looks too old to go to jail... Agree though... that we need to start rounding the wall street crooks!

I am reminded of the "Golden Rule" Those with the Gold make the Rules. If Wall Street wasn't such a large contributor to the political parties, would they still be walking around free?

The fraud at the root of all of these frauds is fractional reserve banking and the federal reserve system. Since that is government authorized fraud, no one really deserving will ever be prosecuted.

My money says we dont know the half of this situation. Our Four Fathers must be rolling in their graves given what has happened in this country over the past decade. I grew up in the wrong century. It will get worse before it gets better. Hold on.

From Las Vegas to Wall Vegas,collapse of the Street & corruption is more so exposed to us-the public!I wonder how long the list would be of these crooks.Are these white collar crooks even worried?

Fraud? What fraud? Their armies of lawyers have made sure everything they do adhere to the fine prints of the laws. It is you -- the common people -- who are to ignorant to read the fine prints of the contracts. Welcome to America! (And wants to execute these crooks on vague charges, go to China or other non-democratic lawless counties. Those places, of course, have different problems.)

I'm in jail for holding up a 7-11. I got $125 dollars. Damn, should have been a overpaid, useless CEO.

Ronover - We got "fooled again" didn't we.

Think about this folks. Paulson and the current Administration is in power, then suddenly around mid-September, Paulson rushes over to the WH and Congress and says:"I need a Trillion dollars in 72 hours. Don't ask me any questions, no court or body is to audit what I do with it". But the day before, and the day before, and the week before, and the month before, no warning to the public. Ah, but Nov. 4 was only a few weeks away. Keep the lid on. Then, bam, it all came unwound. Obviously, this meltdown was long in coming. We have been conned.

WHY NOT POT THEM TO JAIL ALL THOSE GILTY GREEDY THAT MAKE THIS NATION AT MESS.......LET THEM EAT THEIR DOLLARS ON JAIL AS BREALFAST ,LUNCH AND DINNER. FOR 100 YEARS PRISON SENTENCE................

DO NOT TOLERATE FOR ALL THE FRAUD. THEY MADE ...GO TO JAIL........PUT THEM IN JAIL FOR 100 YEARS.........

Arresting Paulson would be a GREAT START !

top 3 fraudsters: 1. JP Morgan Chase 2. Goldman Sachs 3. Henry Paulson Get rid of these parasites and our economy will flourish.

They'll roll out a few sacrificial lambs as usual.. but the big boys will walk.. nothing out of the ordinary here....

No one is going to jail because the same people who would be convicting the Wall Street culprits are culprits themselves. Barney Frank, Chris Dodd, Pelosi, Paulson, Bernacke, Cox, etc, are all responsible for this mess.