Friday, 26 September 2014

Prosecuting banksters.

Eric Holder, US Attorney General didn’t want to prosecute bankster / fraudsters because of the effect he thought it might have on the economy.

Er . . .  it’s not the job of a legal official to pass judgement on the economy: it’s their job to prosecute criminals, amongst other things.
As the “effect on the economy” argument, clamping down on illegal drug dealing or the illegal manufacture and sale of firearms damages the economy, all else equal: it results in less employment in the drug and firearm trade. But that can be made good by standard stimulatory measures. Net result: no effect on the economy. 

Next thing someone will have to explain to the Attorney General how to clean his teeth after breakfast in the morning.

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