Glad I could clear that up for you. But just in case you need further illustration, the argument "Prayers prevented war in the 1940s so the failure of the Obama administration to pray caused wars now" is a false argument, whether or not one applauds the foreign policy of the Obama administration. Or in terms of logic, one can object to "False implies Q" without saying anything about Q.
I don't think there is anyone on ET who doesn't know that the oversight and regulation of the global financial has been a complete joke for a few decades and that is most especially true in the USA.
So, Black's assertion that the S&L fraud were vigorously pursued is something that all here would agree is a fatuous lie somewhat undermined by the historical record. So, equally we might have some sympathy with the using of this "record" as a stick with which to beat the Obama administration is mendacious to say the least.
Nevertheless, where I think many of us would depart from the narrative is the belief that the dishonesty of the comparison exonerates the OA from their apparent refusal to prosecute any of the several hundred deserving culprits in the current fiasco.
Or, more simply, just because Black is an arse doesn't stop Obama being one too keep to the Fen Causeway
From my point of view, prosecutions would be losing political theater. If you gave me a choice, I'd much rather the OA Department of Justice invest time and energy fixing up the nightmare ICE than making show trials on Wall Street - trials I think they would lose. And I'd much more want the OA to be them to be pushing crowdfunding and expanding SBA and direct funding and the kinds of consumer protection disclosure's than prosecuting. Perhaps there is a case to be made that the OA has let drop a great opportunity to smash wall street in the courts, but I have not seen that case argued - except as with Black, based on a kind of ideological fraud.
It doesn't, unless of course you are an elite looking for validation of your neo-liberal biases. Fai de bèn a Bertrand, te lou rendra en cagant
