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And the Academy Award for Cowardice Goes to...

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And the Academy Award for Cowardice Goes to...

Post by Quiethawk on Fri Mar 04, 2011 4:19 pm

http://www.huffingtonpost.com/david-morris/and-the-academy-award-for_b_829744.html
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Re: And the Academy Award for Cowardice Goes to...

Post by Phillymg on Fri Mar 04, 2011 5:28 pm

The inmates are running the asylum.

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Re: And the Academy Award for Cowardice Goes to...

Post by Quiethawk on Fri Mar 04, 2011 8:45 pm

Amazing isn't it?
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Re: And the Academy Award for Cowardice Goes to...

Post by pugsrit on Fri Mar 04, 2011 10:06 pm

So glad you posted this Quiethawk. I still do not understand why NOT one indictment has been handed down. Some of the very people who have NOT been supportive of the unemployed are those that caused it. Amazing the hypocracy.
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Re: And the Academy Award for Cowardice Goes to...

Post by mrgolf on Fri Mar 04, 2011 10:29 pm

Quiethawk wrote:http://www.huffingtonpost.com/david-morris/and-the-academy-award-for_b_829744.html
From all accounts, Charles Ferguson's acceptance speech was the highlight of the Oscars. After winning an Oscar for Best Documentary for Inside Job, a compelling and searing indictment of Wall Street's role in the economic crisis, Ferguson injected some much-needed real world relevance amidst the fabulously glitzy proceedings. "Forgive me, I must start by pointing out that three years after a horrific financial crisis caused by fraud, not a single financial executive has gone to jail -- and that's wrong."

That bears repeating. Not a single financial executive has gone to jail.


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Re: And the Academy Award for Cowardice Goes to...

Post by JaneWI on Sat Mar 05, 2011 8:59 am

Mrgolf, you are right, this does bear repeating. Another thing worth repeating is the fact that we the taxpayers footed the bill for these bailouts. Some of these institutions have not made one payment back to the federal government. The media is portraying the bailout of the banks as making money for the taxpayer. I don't see how that works if the banks are not repaying their debt. If this was any individual, the bank would have foreclosed on us. Why isn't the government moving in the same direction with banks that are not paying back what they owe?
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