A country whose legislature and laws support corruption by it's elite, it's NOT a democracy.
In the context of crimes of the street (other than Wall Street), there is normally no lobby trying to allow the typically lower class criminals to commit their crimes with impunity. In crimes of the business suites, however, it is the norm that there are well-funded, powerful, and seemingly legitimate lobbyists for the elite criminals who seek to allow them to commit their crimes with impunity. Similarly, it is rare for street criminals to consult a lawyer before they commit their crimes. Elite white-collar criminals often consult with expert legal counsel before, during, and after they commit their crimes in order to try to minimize the risk of being sanctioned.
Ruth, an excellent article. Wm. Black further points out that
“Presidents Bush and Obama have overwhelmingly appointed failed, anti-regulators like
James Gilleran, John Reich, John Dugan, Timothy Geithner, Alan Greenspan, Ben Bernanke, Harvey Pitt, and
Susan Schapiro (I think Black meant Mary Schapiro).
“They have also appointed attorney generals who have all been weak on elite financial fraud.”
James Gilleran, Jim McLaughlin, Harry Doherty, John Reich, Ken Guenther.
John Dugan, 29th Comptroller of the Currency; Tim Geithner, 75th and current USA Secretary of the Treasury; Ben Bernanke, chairman of the Federal Reserve, the central bank of the United States.
Alan Greenspan, Chairman of the Federal Reserve of the United States from 1987 to 2006.
John Reich, FDIC Director
Susan Schapiro (Mary Schapiro?) 29th SEC chair
Harvey Pitt, 26th SEC chair
This political cartoon is very timely what with billionaires trying to buy the election and GOP governors trying to prevent people from voting.