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" Nobody really believed they meant it, anyway. The point here is that in a democracy, there are consequences for illegal activities engaged in by corporations. In an oligarchy, there aren't. In an oligarchy, only the hoi-polloi go to jail for breaking the law. White collar criminals get told they ought to be more careful about who they rip off and how they do it, then are given a lunch and sent out to steal some more."

It's been this way since the start of serious de-regulation, beginning with McCain when he was caught with the Keating 5 under the Reagan Administration.
And all Old Man McCain got was a little lecture from another corrupt Senator. It gets worse and worse with each passing day. The when Bush/Cheney came along, well, you can forget about these crooks ever facing up to their responsibilities.
I know that President Obama faces enormous obstacles over the slightest kind of change that he wants to implement. But I hope that eventually, he gets some kind of decent regulation in there. It's too obvious that our politicians are the bought and paid whores for Wall St and other big business. Even the tea baggin nutjobs realize this, except for they're tricked into whoring right along with them. They're so stupid, they cannot see how they're being used to keep big business and Wall St as our slave masters. If nothing is done, it will be worse than an oligarchy.

Organian at Open Salon says I ought to call it "plutocracy" rather than oligarchy. She might be right. It's a fine point.

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