Can We Hope President Obama Will Change for the Better?
October, 2014
The current Bill Moyers Show “Too Big To Jail?” explored this question with regard to the banks and bankers. Watch it for an understanding of what has been happening. Hopefully it is not a portent of what we can expect with regard to justice for past, present, and future, crash victims. The program summary notes:
“Attorney General Eric Holder’s resignation last week reminds us of an infuriating fact: No banking executives have been criminally prosecuted for their role in causing the biggest financial disaster since the Great Depression.
“I blame Holder. I blame Timothy Geithner,” veteran bank regulator William K. Black tells Bill this week. “But they are fulfilling administration policies. The problem definitely comes from the top. And remember, Obama wouldn’t have been president but for the financial contribution of bankers.”
And the rub? While large banks have been penalized for their role in the housing meltdown, the costs of those fines will be largely borne by shareholders and taxpayers as the banks write off the fines as the cost of doing business. And by and large these top executives got to keep their massive bonuses and compensation, despite the fallout.”
One sad take away is that President Obama may very well be responsible – in more ways than previously recognized – for NHTSA’s failures to protect Americans from crash deaths and serious injuries.
His coming appointments will provide perhaps his last chance to remedy his current record. In his eight years, the nation is on track to woefully record 250,000 crash deaths – more than twice the number of Americans who died in the Afghanistan, Iraq, Viet Nam and Korean Wars combined. See https://www.careforcrashvictims.com/assets/MonthlyReportforAugust2014.pdf
Lou
