Quote:
Originally Posted by Arles
White collar criminals are usually too much of a pansy to resist arrest. Trust me, many blue collar cops would love to rough up some guy who swindled millions from pension funds on an arrest. Problem is the criminal won't often resist.
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No, the issue is that there are so many loopholes, and the complexities of the fraud that are perpetrated make it fucking incredible to prosecute. We are talking trillions of dollars of fraud, millions and millions impacted. Look at all the crap that took place prior to the '08 crash. People scream about wealth transfers from the rich to those lazy poor people, they never talk about the greatest wealth transfer from the poor to the rich.
And how many regulators and investigators are responsible to keep the common people protected from it? Barely any. All the money is spent on poor people crime. There was a great article in the Wall Street Journal this last weekend talking about how the justice system is so jammed up from misdemeanor court cases that the average case can only last 4 minutes. On top of that most defendants never got to meet or talk with their BY LAW COURT APPOINTED LAWYER until the minute they were in front of the judge. Most felt like they didn't do anything wrong but were willing to plead guilty just to get it over with.
What percentage of these defendants do you suppose were black? I don't know, but I can tell you this type of police practice has been going on for well over 20 years now. It's the primary reason the poor neighborhoods are full of criminals, because the cops need someplace to pad their arrest records. Once you are in this flawed, uneven, corrupt system you don't get out. You are just on a list with a shitload of priors going forward.
This only works when the people you are attacking are poor and have no money. When you try and go after big banks, or big hedge funds, or big clients you find yourself buried in a mass of paperwork going against clients who pay their lawyers more than any government local or federal could ever afford to go against. It becomes a lose-lose game and why nothing is ever prosecuted.
It's just much easier to nail the poor bastard who can't do anything about it. In this case, most of the poor bastards also happen to be black.