At Newsweek Peter Boyer and Peter Schweizer ask:
Why Can’t Obama Bring Wall Street to Justice?
Because he doesn’t think they did anything illegal.
President Barack Obama, October 6, 2011:
The financial sector is very creative and they are always looking for ways to make money. That’s their job. And if there are loopholes and rules that can be bent and arbitrage to be had, they will take advantage of it. So without commenting on particular prosecutions — obviously that’s not my job; that’s the Attorney General’s job — I think part of people’s frustrations, part of my frustration, was a lot of practices that should not have been allowed weren’t necessarily against the law, but they had a huge destructive impact.
This has been another addition of Simple Answers to Easy Questions.