Fascism Watch #101: When Too Big To Fail Is Too Big To Jail


Now they’re not just too big to fail, they’re too big to prosecute. Attorney General Eric Holder testified about the obvious lack of D.O.J. prosecution of big banks:

“I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy.”

So our banks are not only enjoying the rights of personhood, they also have been given immunity from the law. How much more evidence do people need that the era of economic fascism is upon us?

  1. Steve W

    How would imprisoning the CEO of a bank damage the world economy?

    That’s just plain dumb. What if the guy (want to bet if it’s a man or a woman?) had a heart attack? Would that cause a world wide recession?

    What a lame excuse.

  2. Seems like we’re back to the “divine right of kings,” with CEOs being crowned via mergers, instead of the nasty business of needing to kill rivals to the throne.

  3. lizard19

    I’m going to say this as delicately as I can: fuck the Obama administration straight to hell.

  4. Big Swede

    Your list is incomplete.

    Domestic drones.

    Billion rounds of ammo for Homeland Security/Social Security

    2700 Armored Personnel Carriers.

  5. Facism in America..is precisely where we are at..

  1. 1 March Open Thread | 4&20 blackbirds

    […] If calling this fascism is still too unpalatable, then let’s find a new term to describe Eric Holder saying “Nah, fuck it, could spook the economy…” […]

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