Letters to the editor for May 29, 2013

Union Democrat staff

Too big to fail, now too big to jail

To the Editor:

The Federal government's philosophy of treating banks misdeeds (fraud) has been expanded from "too big to fail" to include their executives outright crimes (money laundering for terrorists and drug cartels) to the category of "too big to jail."

The latest being HSBC, found guilty of laundering $880 million American dollars worth and the SEC is in the process of implementing fines and no "jail time." It wasn't too long ago the feds allowed Citigroup to pay $285 million in fines if no executives were prosecuted for their intentional "sale of toxic mortgage bonds."

This is why I have claimed in previous letters that Wall Street owns the White House and most of Congress. Congress sits idle and observes these miscarriages of justice while they spend their time persuading the public that it is more important to sanction Iran because they "might" be making one bomb that might look like the 18,000 nukes the U.S. has ready to fire. Large media is complicit in this hoax on the American public.

Dennis Schneider

Angels Camp

The Union Democrat
This image is copyrighted.

Reach all of Sonora, Calaveras County, Tuolumne, Angels Camp, Twain Harte, & Jamestown with your items to sell.

Ads appear Online and in Print

View Classifieds Place an Ad

Connect with The Union Democrat

Union Democrat Newsstand

Thursday October 27, 2016

Read digital interactive editions of our publications

Read Today's Edition Take A Tour

More Publications by The Union Democrat

View All Publications
Submission policy


The Union Democrat welcomes letters for publication on any subject as long ... more

Letters to the Editor for October 22, 2016


Make your vote count To the Editor: It seems like Republicans, Democrats ... more

Letters to the Editor for October 27, 2016


No early release To the Editor: Driving up Highway 108 it’s sad ... more

Insults, pandering offer no solutions


No issue has generated more heat in this year's presidential election than ... more

The third candidate for U.S. president


Hillary Clinton is a manipulative, power-mad liar. Donald Trump is a selfish, ... more