Is this all you got?
Tuesday, Dec 4, 2012
* Carol Marin writes about state Rep. LaShawn Ford, who was indicted last week on 17 counts of bank fraud and submitting false information to a bank. Each count carries a maximum 30 years in prison and a $1 million fine. Marin thinks this is a bit much…
I agree. Repackage utterly worthless mortgages into AAA-rated securities and crash the entire world’s economy and smugly walk around free as a bird. Allegedly lie to a bank to get a bigger loan to rehab properties in a lousy West Side neighborhood and you’re looking at 510 years behind bars and $17 million in fines.
* To be clear, if Ford broke the law he broke the law. Tough luck for him. But it’s difficult these days not to think that we have two versions of criminal justice in this country: One for the super-wealthy untouchables who ruined the world’s financial system, and one for everybody else.
It’s not that Ford shouldn’t have been indicted. It’s just that I’d like to see the US Department of Justice use the same hardball tactics to round up some of the truly dangerous people in New York.