Fraud Finally Being Discussed in Polite Company … Now Where Are the Prosecutions?

(WashigntonsBlog) – As I have repeatedly pointed out, the economy cannot stabilize unless the fraud which led to the crisis (see this, this, this and this) is openly discussed.

As Shahien Nasiripour notes today today, Alan Greenspan didn’t think regulators should even pay any attention to fraud:

Torture Memos Expose Dark, Imperial Presidency

This was not a happy week for the torture lobby, nor its defenders, derailing months of charm offensive by Bush-Cheney legacy boosters. A wary President Obama backed off attempts to defuse the torture parade – fretting over divisive investigations and hard-to-win court convictions. Public indignation likely surpassed February polling when 65% favored torture investigations, 40% criminal prosecutions.