Charles R. Morris: Are banks too big to indict?


Charles R. Morris: Are banks too big to indict?

Charles R. Morris: Are banks too big to indict?

Always great to see my site linked in a story about cartels 🙂


The great 19th century English jurist, Sir James Fitzjames Stephens, once wrote that murderers were hung not for reasons of revenge or deterrence — but to underscore what a serious breach of the social compact had been committed.

Federal District Judge Jed S. Rakoff was making a similar point when he recently called attention to the lack of criminal prosecutions in the wake of the 2008 financial crisis. Consider the 1980s Savings and Loan crisis. The losses were minuscule compared to this recent paroxysm, but they still led to hundreds of criminal convictions.

That looks highly unlikely here. The federal statute of limitations for fraud, generally five years, is rapidly running down. There are reportedly a few cases in process. But the odds are that if there are any indictments, they will be in the pattern of the indictment of Goldman Sachs banker Fabrice Tourre, who has been left holding the bag for a complex scheme to load up clients with worthless securities. Email trails leave little doubt that far more senior figures were aware of the purpose of the deal. The firm also executed other similar deals that haven’t been prosecuted.


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5 Responses to “Charles R. Morris: Are banks too big to indict?”

  1. Sarah says:

    We can’t expect Justice to come from a system that absolutely refused to hold anyone accountable. Change is going to come.


    Brave people whom do not stand by and accept this crime, are fighting in the higher courts and winning case law that will stack up so high, it will be impossible not to have change.

  3. Voting incumbents out of office will make a huge difference. Please vote and remove all politicians from office that are enabling this crime.

  4. levi says:

    Twenty years after the high crimes of 1913 the nation officially went into a communist dictatorship with the Banking holiday of 1933. Senate Report 93-549 tells the story with the following quotes and ITS THEIR OWN WORDS. You can read it for yourself but I will give the following edited portions so you can see why there is no remedy from these wicked.
    SR 93-549…”Since March 9, 1933, the United States has been in a state of declared national emergency. …”These proclamations…delegate to the President extraordinary powers….which affect the lives of American citizens in a host of all encompassing manners. This vast range of powers,….confer enough power to rule the country without reference to normal Constitutional processes.
    “A majority of the people have lived all their lives under emergency rule. …freedoms and…procedures guaranteed by the Constitution…have been abridged…by states of national emergency. American political theory of emergency government have been derived from an enlarged John Locke doctrine….In this, what is for all practical purposes, a permanent state of emergency,…”
    (THEY HAVE NO INTENTION OF FIXING THE PROBLEM and it is a PERMANENT DICTATORSHIP. This is why the courts hold you in contempt for arguing the Constitution. and guess what WHO KNOWS HOW TO ARGUE JOHN LOCKE DOCTRINE? which is their basis for “government”. “Emergencies know no rules” is the phrase to describe how this is implemented, so we get a lawless, faithless mixed war against society from public offices.)
    “…Presidents have had available an enormous– seemingly expanding and never ending— range of emergency powers. …these “prerogative powers” appear virtually unlimited,…there has never been any notable congressional or public objection made to this state of affairs.”
    (As significant as that last statement, the one following IS THE MOST IMPORTANT OF WHY THIS CONTINUES AND WILL NOT BE CORRECTED)
    ( Isiah 1:25–And I will turn my hand upon thee, and purely purge away thy dross, and take away all thy tin:
    vs.26–And I will restore thy judges as at the first, and thy counsellors as at the beginning:
    ISIAH SHOWS YOU CANNOT HAVE HONEST GOVERNMENT WITHOUT HONEST MONEY. THE COUNTRY WENT INTO DICTATORSHIP OVER CENTRAL BANKING AND COUNTERFEITING AS OUR MEDIUM OF EXCHANGE. MONEY IS DEFINED AS “A JUST MEDIUM OF EXCHANGE.” Worthless paper for exchange is a violation of justice and as long as we have that we will not have a just judiciary. or national leadership. We have all been trained by the government to steal from one another. and we have left off the law.)

  5. Sarah says:

    Individuals can still sue up to 7 years after “they” injured you. Team efforts are more worthwhile.


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