America’s two-tiered justice system

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Eight billion dollars is a lot of money, but a small price to pay to stay out of jail. As the New York Times reports today, corporations are on track to pay as much as $8 billion in fraud settlements this year to the U.S. government. That includes military contractors, banks, and pharmaceutical companies who systematically defrauded American taxpayers. The $8 billion they own is double the amount paid out in settlements last year – and an all-time record high.

But the important story is - despite the multiple acts of blatant fraud by corporate America resulting in record settlements – an executive almost never goes to prison. Pharmaceutical companies like GlaxoSmithKline and Merck and defense contractors like ATK Launch Systems admitted to stealing tens of millions of dollars from taxpayers, yet not one CEO is facing criminal charges. Of course, if you or I walked into a 7-11 and stole a two-dollar Slurpee, we’re going to jail. But in America’s two-tiered justice system – the corporate elite are untouchable.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Dec. 29, 2009 9:59 am

Comments

The top tier will get their's. If things get manipulated and blocked for immediate change—then their bloodlines will.

That's the best thing about this Universe—things are constantly changing.

Karolina's picture
Karolina
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Nov. 3, 2011 6:45 pm

I wonder why you see prisons filled with poor minorities and not rich white men.

DynoDon
Joined:
Jun. 29, 2012 9:24 am

I'm assuming that's a rhetorical question?

Karolina's picture
Karolina
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Nov. 3, 2011 6:45 pm

Currently Chatting

The other way we're subsidizing Walmart...

Most of us know how taxpayers subsidize Walmart's low wages with billions of dollars in Medicaid, food stamps, and other financial assistance for workers. But, did you know that we're also subsidizing the retail giant by paying the cost of their environmental destruction.

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