As the popular media (60 Minutes etc.) continue to publicize the whole credit default swap (CDS) scam that lead to our housing boom and bust I'm lead to wonder - if the federal government had to pass a law to prevent States from prosecuting these kinds of shenanigans as gambling, then isn't it time we went after those who conspired to create this whole house of cards (appropriate for gambling eh?) under racketeering laws? They worked for the mob so why not for the CEOs and executive branch?
As a word of caution to future generations - when government passes any law exempting themselves and businesses from prosecution you can tell they are up to no good. No part of government should be beyond the reach of the long arm of law - if it is good enough for the people it is good enough for them.
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