Friday, December 16, 2011

Equality before the law, maybe not

News item from the streets of America:
Due to harsh sentencing, a disproportionate number of young Black and Hispanic men are likely to be imprisoned for life under scenarios in which they are guilty of little more than a history of untreated addiction and several prior drug-related offences.

News item from the boardrooms of America:
WASHINGTON — The SEC announced a civil lawsuit on Friday alleging that six former top executives of mortgage finance titans Fannie Mae and Freddie Mac committed fraud.

After an investigation spanning two years into alleged multi-billion dollar fraud, federal prosecutors announced Thursday there will be no criminal charges brought against loan giant Fannie Mae. Potential administrative and civil actions are still under consideration.
Almost 10% of America's young black men are incarcerated; African-Americans make up about 12 percent of the U.S. population - and about 44 percent of America's prison inmates.

The resulting lesson: if you aim to commit a crime and stay out of jail, make sure it is a financial crime worth billions, not a $10 street transaction involving crack cocaine. Oh yeah, best be white too.
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  1. You also need to be a member of the club. Martha Stewart wasn't a member of the club, and she managed to seize her empire back from men who were members of the club. But don't worry, they got her back later with jail time as soon as she did the slightest thing the SEC could look at.


    The Staff Sargent may face demotion, the junior female Constable faces dismissal. No Justice there!



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