Saturday, September 27, 2014

"Immunity Leads to Impunity"


       Sometimes what seems to be a catch phrase captures exactly what needs to be said in a memorable form.  That happened tonight on the PBS NewsHour.

       Commentators were asked to evaluate the work of resigning Attorney General Eric Holder, and Mark Shields averred that it was a failure not to make Wall Street CEOs personally accountable for the disaster they brought on.  Fines, yes.  But people lost life savings, the country was brought to its knees, and no jail time for anyone.  He ended his assessment by saying "Immunity leads to Impunity."

       If no investigation and calling to account takes place of the ones who had the power and authority in the financial industry, CEOs conclude that there's no punishment for careless, greedy, and precipitously risky decision-making...and there will be a next-time.




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