The stock market is not a bank it is a risk-taking investment. A glorified form of gambling.
The CEOs and CFOs who overstated earnings, split stock and merged with other companies in creative accounting practices to keep stock prices artificially high - paid the government HUGE taxes on this same stock.
All the taxpayers have received a deficit-reduction contribution from the stockholders of these large companies.
As a result of these huge tax windfalls from stock during the period from 95-2000, the IRS reduced their audits on the average taxpayer and small business owner, no huge additional taxes were enacted by Congress after Clinton's big tax increase in 93.
So the stockmarket and the US government have a vested interest in cooperation. The average taxpayer should not be too eager to see these corporations or CEO's hung out to dry.
Who does have a vested interest in hanging corporate america out to dry - well the democrats of course. Certainly not the average taxpayer. The stockholders might but those are all "rich" folks anyway who are all evil - the DNC has told us all about the evil rich and their perks. If anything the DNC would be saying it serves all those capitalists right!
The few republicans signing on are there to add balance to the witchhunt in the coven.
The joke is that this is even frontpage news. Granted, I think we should look closer at what was occuring during the eras when "character" was a dirty word.
Yes - the Clintonsleaz corrupted kids and adults alike in their flagrant discounting of "character". Well it looks like they got their wishes - kids were on drugs during the Clinotn years, teen pregnancy increased and corporate leaders followed Clintons example of the "I'm only guilty if you can make it stick" mentality.
The DNC is making their big move - but it will backfire before it's all over - trust me.
SDAI-Tech1
Current Events » in reply to It's gotta be a joke, right?
Recycled money
