Tuesday, January 31, 2012

A New Fraud Investigation Group Established

In a recent commentary by Katrina vanden Heuvel(31 January 2012) in The Nation, titled, "
Eric Schneiderman: The Right Man, the Right Moment", she discusses the establishment  of a new fraud investigation group to investigate the role that major financial institutions played in the Crisis of 2008. 

The looming questions concerning this effort are:  1)  Will the efforts of this task group be obstructed by Wall Street and its supporters in the Republican Party?' ;  2) Will those responsible for the the Great Recession be held accountable or will they continue to go unpunished for the global economic crisis that they caused.?; and 3)  Will this task force leader to major reforms to regulate banks and financial institutions.

One has doubts about the motivation of the Obama Administration initiating the task force at this time. It is merely a ploy to enhance the re-election efforts of Obama? Why was the task force not formed earlier?

The public must seek out independent media sources to get the acual informatin on this process as it will be certain that  the major media ,controlled by the One Percent. will either not report or downplay the task force's importance and its effectiveness. . The public must be vigilant to make sure that this task force is not allowed to be railroaded by Wall Street and the politicians who cater to them. This could be the spearhead to lead to addional regulations, dismantling of the financial nststitions and reforms.  However, it could be made a politcal battleground and not be able to fulfill its mission.. 

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