We all know just how pissed off most people are over the realization that for decades they have been the tools used by the greedy to acquire massive wealth…..and we know that almost a third of the country is now considered near poverty or below poverty……

Based on the new measure, of the 51 million “near poor,” more than 50 percent were pushed down from higher income levels: more than eight million by taxes, six million by medical expenses, and four million by work expenses like child care and transportation, according to the Times.

In another revelation, using the new measure the percentage of seniors who are either poor or near poor rose from 22 to 34 percent, which is slightly less that the share among children, 39 percent. High medical costs are likely to account for the increase for seniors.

Now the banks were using taxpayer money and such as a casino for their secretive financial dealings and in doing so they alone crashed the economy and since these, at least some of them, were using questionable tactics you would think that the DoJ would be hot on the heels of those people that were acting in a shady way…..right?

Think again!

Going after criminal cases targeting fraud has come down to what’s easier to prosecute for the Obama administration.

While Americans of all stripes have clamored for justice in the wake of the financial crisis, the U.S. Department of Justice has chosen to not pursue jail time for banking executives whose decisions wreaked havoc on the financial industry and the economy. The reason: Building cases against bankers is just too hard to do and carries too much risk of failure in the courtroom.

Instead, the Justice Department has allowed the Securities and Exchange Commission to pursue civil cases directed at banks that can yield large financial penalties, but no criminal prosecutions.

With bank fraud out of reach, federal prosecutors have reached for lower-hanging fruit—namely, food stamp cheaters.

The lousy economy has resulted in a surge of Americans on food stamps and a corresponding increase in those fraudulently using the assistance, according to administration officials. More than 46 million people are receiving about $75.3 billion in help from the Supplemental Nutrition Assistance Program (aka food stamps). Of this amount, more than $750 million may be spent fraudulently, says Obama’s people.

Seven hundred and fifty million dollars is nothing to sneeze at. But compared to the total expenditure for food stamps, the amount of potential fraud going on amounts to only 1%.

–Noel Brinkerhoff

Why No Financial Crisis Prosecutions? Ex-Justice Official Says It’s Just too Hard (by Marian Wang, ProPublica)

An Ex-FBI Official Explains Lack of Convictions Tied to Financial Crisis (by Joe Palazzolo, Wall Street Journal)

Obama Administration Targeting Food Stamp Fraud as Program Reaches Record Highs (by Ed O’Keefe, Washington Post)

This is just sick!  Fat Cats lounging around on a yacht or the place in the Hamptons with NO worry of prosecution………yeah, let’s worry about a family that gets $100 too much in food stamps and let the real criminals live in the lap of luxury with their ill gotten gains…..sounds like justice to me (that is sarcasm in case you missed it)……

If you like writing letters to the editor or congresspeople then by all means write and bitch….bitch so much they cannot ignore you….we need to take back the government from the bastards that are playing it like their personal game of Monopoly!

Get involved!  Make some noise!