Inside Job director Charles Ferguson dismisses Obama's "task force" to fight financial crime as 'window dressing'

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Inside Job director Charles Ferguson dismisses Obama’s “task force” to fight financial crime as ‘window dressing’

Inside Job director Charles Ferguson dismisses Obama’s “task force” to fight financial crime as ‘window dressing’

The Never Ending Story… of smoke and mirrors.

HuffPO-

In his State of the Union speech, President Obama said and proposed many reasonable-sounding things. One of them was this:

We’ll also establish a Financial Crimes Unit of highly trained investigators to crack down on large-scale fraud… financial firms violate major anti-fraud laws because there’s no real penalty for being a repeat offender… So pass legislation that makes the penalties for fraud count.

And tonight, I’m asking my Attorney General to create a special unit of federal prosecutors and leading state attorney general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis.

Now, how could you be against that? In his speech, and indeed as has been true for his entire career, Mr. Obama deserves an A for rhetoric. But what grade does he deserve for action? Alas, he flunks.

[HUFFINGTONPOST]

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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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One Response to “Inside Job director Charles Ferguson dismisses Obama’s “task force” to fight financial crime as ‘window dressing’”

  1. Eugene Villarreal says:

    It’s a Financial Handslapping Unit.

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