Will all 50 Attorneys General waive their right to pursue criminal investigations on Wall Street?

All 50 Attorneys General across the nation have until today to decide if they’re going to sign on to a settlement with the nation’s biggest banks to let banksters off the criminal hook for widespread fraud committed on Wall Street during the financial crisis. The settlement – which is against the biggest of the big banks like JP Morgan Chase, Bank of America, and Wells Fargo – is worth $25 billion – which is chump change compared to the real damage they've done to the American middle class – where over $7 trillion in wealth has vanished.

By agreeing to the settlement, Attorneys General will waive their right to pursue further criminal investigations on Wall Street – meaning no banksters will see a jail cell. George Goehl, the executive director of National People’s Action, slammed the deal saying, “People are very disappointed in ... this …We’re giving away the store.”

While most states want to take the settlement – California is still holding out and reserving the right to launch its own investigations. And in New York, Attorney General Eric Schneiderman filed suit last week against JP Morgan, Bank of America, and Wells Fargo over improper foreclosure practices. "We the people" need to make sure any deal that doesn’t include jail time for Wall Street’s criminals and doesn’t force the banks to refinance the exploding mortgages they bilked customers into buying – is rejected outright.


DRichards's picture
DRichards 11 years 6 weeks ago

Obama Pushes Hard to Protect Big Banks from Fraud Prosecutions … But We Can Stop HimPosted on January 20, 2012 by WashingtonsBlog

Call Your State Attorney General and “Just Say No” As we’ve noted for years, the entire strategy of Washington towards the economy is to cover up the fraud which caused the financial crisis … even though prosecuting fraud and re-establishing … Continue reading →

Palindromedary's picture
Palindromedary 11 years 6 weeks ago

I suspect that even if banksters do get some jail time and/or financial penalties....it won't be much....not anything like what they have stolen. They set the example by which all Americans can aspire to.....if you are going to steal...steal really, really big. If you are going to commit crimes...the bigger, the better. You can buy corrupt politicians that will protect you. After all of the damage to the Indians, and the workers at the rape factories in the Marianas, Jack Abramoff only gets a couple of years in the can. Scanlon got off free and many of those high up officials that were taking bribes have not yet been prosecuted. They are still making laws and decisions that affect us all. Heck, many people would be willing to spend a little time in prison if they got to keep millions of dollars after all. The United States of Drug Lords and Bankster Criminals.

LuvProgress 11 years 6 weeks ago

And the guy that steals money from the delivery man gets 7 years in prison.

Palindromedary's picture
Palindromedary 11 years 6 weeks ago

I suspect that the 911 false flag operation and financial crimes are tied together. Not only did the very centers of the on-going financial fraud investigations get destroyed, it served to shift the attention (and government positions tasked at criminal fraud investigations) away from financial fraud on to "terrorism".

It also sent a message to any politician or law enforcement entity that the powerful people they were dealing with were ruthless and they had better play the game. They had better focus on "terrorism" and not financial crime.

The crime lord's tentacles were/are everywhere and no one can trust anyone else in government to do anything...especially if they are seen to be "soft" on "terrorism". It used to be "soft on communism". And once the people have the fear of "terrorism" drilled into their heads the politicians have to worry about how they are viewed by "the people".

So the politicians, in order to keep their cushy jobs (and maybe, their lives), they have to play along with not only what the crime lords want but what the people have been fooled into wanting....safety from "terrorists"...."don't pay any attention to that man behind the curtain! I am the great and powerful Oz!" (as in Oz--ounce of gold---follow the "yellow" brick road)

The wealthy right-wing ruling families tried to get Gen. Smedley Butler to overthrow America in 1933 and it looks like they finally succeeded in overthrowing America after all. All it took was stage a couple of airliners crashing into the WTC buildings with pre-planted explosives, and into the Pentagon and blame it on "Muslim terrorists" who were set up to be patsies. Many Christians, and others, are all too willing to believe that Muslims would do such a thing...after all some have been known to do jihad...strapping on explosives to die for Allah (and a flock of heavenly virgins).

No, the real sinister masterminds were high up in our socio-economic/political stratosphere who, like in the case of 1933 plot, wanted to scare Americans to cover up, and divert attention away from, the financial scams they knew would become paramount in people's minds.

Now that the fear of "terrorism" has taken over, the real financial criminals are turning many Americans into feckless automatons who continue the useless in-the-box rituals of voting for the least of two evils or the one who tells the biggest lies. Want out-of-the-box, for a change? Vote for someone other than Democrat or Republican...unless that Democrat was a true progressive/liberal Democrat then, of course, vote for him/her.

Of course, voting for Obama would really tick off the Republicans...but the ruling elite doesn't care because they own and control Obama as well...and they get a bonus of keeping the people fooled a little longer so they don't get too rebellious or physical. They don't want to see a "Smedley Butler" army in reverse....overthrowing the entrenched financial elite maggots...so they have to keep you believing in the ballot box (providing you choose either Republican or Democrat).

Palindromedary's picture
Palindromedary 11 years 6 weeks ago

Or...a high school student getting 10 years in jail for a relatively harmless prank.
"The question is what type of society we are creating when our children have to fear that a prank (could) lead them to jail for almost a decade. What type of citizens are we creating who fear the arbitrary use of criminal charges by their government?"

This 18 year old black student in a mostly all white Indiana town gets 10 years for placing a plastic "party doll" in the school restroom.


Or...19 people get arrested over Facebook posts...including this one of a picture of a baby with his mouth on a bong (used to smoke marijuana for those who don't know). The mother was arrested.


And if you do a search on the internet of school's zero-tolerance policy you will read some really scarey things about what these Nazis are doing to school kids and their parents.

If they can keep us busy and distracted over all of these things they can keep us distracted and too afraid to demand that the real big-time criminals in the banking and Wall Street crowds get long jail time. They pick on the weak and avoid the strong....like they do in the IRS...they go after the weak and poor and avoid the rich and powerful with their lawyers.

Noziglia52's picture
Noziglia52 11 years 6 weeks ago

In the course of my government career, I developed a simple rule, which I have seen more examples of than I can count:

In Washington, whenever anyone does something wrong, everyone else gets punished.

This is yet another example of this rule being applied.

The banksters committed criminal fraud. For this, they were punished by being forced to accept billions of taxpayers' money getting shoved at them. There are welfare queens who use their welfare checks to buy luxury cars and live well; they are called investment bankers.

Meanwhile, millions have lost their jobs, and millions of others cannot get the loans they need even if they can afford to buy a home, or financing needed to start or grow businesses and grow the economy. My own situation is that I'm not making enough money to refinance, even though it would mean my payments would go down.

The only silver lining would be if millions of foreclosure victims would demand to see the proof that the bank actually owns their mortgages. When the banks can't produce the paperwork, these people could then petition the court, own their homes outright, and stop paying the banksters altogether. Now, that is a movement we could all support.

hheikel's picture
hheikel 11 years 6 weeks ago

Listen to this really good interview with William Black. William Black is a warrior on finance ethics and legality. He was in the thick of the slew of prosecutions after the 1980s S&L scandal. It’s not too late, he says, to prosecute over the 2008 collapse and its run-up. And we should.


Elioflight's picture
Elioflight 11 years 6 weeks ago

I have to laugh about the rethuglican uproar over the great Clint Eastwood/Chrysler commerical during the Super Bowl. Rethuglicans complained (a nice word) about the auto bailouts (which are on the way to being repaid or paid already), which helped save many American jobs, but they were fully for the financial/bank bailouts, which are, we know, quite the opposite and have created nothing of value for the tax dollars they were given--at least value for the rest of us.

When are people going to open their eyes to the reality of the rethuglican party? Their harsh, cruelty and lack of concern for the 99% is laid out for all to see. Clint Eastwood must be scratching his head; Eastwood thinks we're all playing on the same team--sorry to disappoint.

Those jerks need to go to prison; they must go to prison. But it is unlikely that they will.

a2phil's picture
a2phil 11 years 6 weeks ago

Welcome to America!!!

The land of the greed, and the home of the enslaved!!!


Coulove's picture
Coulove 11 years 6 weeks ago

Contrition and compassion will reign supreme in the final episode of this play which is nearing it's finale. Arrogance and unrepentant defiance will earn the last few of them sentences that cannot be satisfied in a jail cell in this lifetime or many other lifetimes. Mark my words, several courageous members of the banking community will come forward and expose those secret, inside mechanisms. We need to assure them amnesty. Others will follow them. A chain reaction will ensue. Hopefully all of them will see what they have done, ask for forgiveness and help us take down this house of cards and start anew with a completely clean slate. Coulove

arky12's picture
arky12 11 years 6 weeks ago

I'm sure that cash strapped states just want the money at this point, but it doesn't have to be that way. They can fine them and prosecute them criminally, but then I'm sure Republican controlled states won;t do that to their good buddies. Would be nice though cause then maybe fewer of them will contribute to pac funds? Wishful thinking on my part. We have a long way to go to end corruption that has been going on since the beginning of time.

arky12's picture
arky12 11 years 6 weeks ago

Monday, February 6, 2012 9:32:11 PMNEWS ALERTWashington Post releases unprecedented report on congressional earmarks

Just got this e-mail from the Washington Post and I'm going to read the whole column. There is a link to it at the bottom of this message.

Thirty-three members of Congress have steered more than $300 million in earmarks and other spending provisions to dozens of public projects that are next to or near the lawmakers' own property, according to a Washington Post investigation. Under the ethics rules Congress has written for itself, this is both legal and undisclosed.

In the first review of its kind, The Post analyzed public records on the holdings of all 535 members and compared them with earmarks members had sought for pet projects, most of them since 2008. The process uncovered appropriations for work in close proximity to commercial and residential real estate owned by the lawmakers or their family members. The review also found 16 lawmakers who sent tax dollars to companies, colleges or community programs where their spouses, children or parents work as salaried employees or serve on boards.

Read more at:

queenvictrola's picture
queenvictrola 11 years 6 weeks ago

This scenario reminds me of the game of croquet the Queen of Hearts and Alice played in Alice in Wonderland when the lower deck of cards were "painting the roses red" while the queen rewrote the rules of the game—all the while leaving Alice to struggle with a pink flamingo for a mallot and a hedgehog for a ball. The game was rigged against Alice. In this case it is rigged against the taxpayers.

All this is happening when Benjamin Fulford, former Forbes Asian corespondent, says that 122 countries have signed onto a lawsuit against the Illuminati cabal that has stolen treasuries and gold from multiple countries including the United States. If this story is actually TRUE, AND IT WOULD BE REALLY NICE IF IT WERE, then why haven't we heard about it on RT? Of course we would not hear it on the cabal-run MSM, but it would be great if we could hear it on Thom Hartmann. I do not have the sources to vet this but Benjamin Fulford has (had?) creds as the Asian corespondent for Forbes Magazine. If it is true this could be the beginning of the biggest take down of the powerbroker evil cabal that runs our banking system (and the world financial markets)—which would make it the leading story of the millennia.

Palindromedary's picture
Palindromedary 11 years 6 weeks ago


dm4goooh 11 years 6 weeks ago

I will be more than just a little surprised if any of the people that were truly behind the financial meltdown of 2008 (even though it actually started in late 2006 as far as the bubble bursting, with the actual causes deep in legislation and failure to follow the law for years previous). Just like we currently have the best government money can buy, why would the bought and paid for government prosecute those people that have been feeding our legislators money for years?

Clarissa Smith's picture
Clarissa Smith 11 years 6 weeks ago

A n a r c h i s m -- and Related Ideas of the 1800s is now under my profile, here on Thom's website (click my avatar). Same goes for the historic sources about the difference between LIBERAL and LIBERTARIAN.


On this topic: As I said somewhere before, I am for domiciliary arrest. Our prisons are too full anyway and these banksters aren't actually extremely dangerous. More important to me: taking the banks away from the banksters and socialize them. If the police can take away a citizen's driver licenense, it can be constitutional as well to nationalize banks. Germany's regional state banks ("Landesbanken") are good and absolutely trustworthy and reliable service providers.

********GET WELL AGAIN SOON, THOM!********

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