This morning the Wall Street Journal reports that U.S. Attorney General Eric Holder confirms Justice Department investigation into high-frequency trading.
This is the same Attorney General that oversaw operation Fast and Furious. Remember the gun running scandal where the U.S government purchased several thousand guns, “with tax payer money” shipping them across the border to Mexico? Remember that U.S. agents handed these firearms over to drug cartels and innocent people were killed including a U.S border patrol agent? Remember that not one official was ever charged with any involvement in criminal activity?
Consider the 2007 housing bubble that resulted in untold billions of dollars in loss to investors with the exception of big banks and their CEO’s? To this date, not one of the big dogs responsible for the collapse has spent a moment in prison. Eric Holder assured American’s that he would get to the bottom of this.
Wall Street, Washington and the Fed continue working together to destroy working class wealth and we are to believe that one is actually going after the other for possible fraudulent activity?
Have we forgotten what was taking place prior to the housing bubble collapse? Wall Street originated toxic mortgages, sold them to Washington, the Treasury sold them back to Wall Street and Wall Street then sold them back to the Fed. In other words FRAUD.
At most we may see a slap on the wrist for some lower level HFT sitting behind a computer screen but don’t expect real “justice” from our Justice Department.
Gold Goliath is not your typical gold dealer.