"The CFTC and others have to justify their very existence by prosecuting anyone other than a New York banker, for they are simply off limits. As the saying reflects the true nature of the legal system in New York City – you do not shit where you eat. The lawyers always remark that those who work at the CFTC are the rejects from the SEC. They are more interested in protecting the main players to get one of those special jobs as a reward for their protection. Many articles have appeared about the “revolving door” at the SEC. The WSJ, Huffington Post, CNBC, have all reported that this “revolving door” prevents enforcement, yet Congress protects the regulators who protect the banks – their main political contributors."That's what politics is about.
Sunday, May 03, 2015
Federal Reserve
New York never prosecutes the banksters.
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