Neither Obama nor Romney say anything about our increasingly corrupt judicial, regulatory, and financial systems. But without rule of law we’re just on a long slow slide into kleptocracy and disintegration. This election should be about discussing real problems and working together for solutions. But it won’t be. Instead things are about to get insanely polarized but you can bet neither Romney or Obama will make an issuee about how our investment banks are immune from prosecution or why we continue having pointless wars that are bankrupting the country.
But we don’t need no stinking rule of law.
All of the big banks have engaged in Mafia-style “bid-rigging” of municipal bonds, to bilk money from every city in the nation … to the collective tune of tens billions of dollars.
Barclays and other large banks – including Citigroup, HSBC, J.P. Morgan Chase, Lloyds, UBS, Royal Bank of Scotland – manipulated the world’s primary interest rate (Libor) which virtually every adjustable-rate investment globally is pegged to.
Everyone involved in this corruption should be in prison. The banks should be shattered into pieces with strict new laws insuring they can never re-form. Instead, regulatory agencies and governments basically ignore the criminality of the banks.
Justice Department won’t prosecute Holder. We don’t even have a pretense of laws being equally enforced for all now.
For a chilling example of what the collapse of rule of law leads to, don’t miss my review of El Sicario. The Autobiography of a Mexican Assassin on Monday. He worked for a cartel, murdered and tortured hundreds of people before finding Christ. The genuinely scary part is he did all of this while working in law enforcement and was at least party trained in the US by our law enforcement.