Looking back and punishing past crimes is not the primary focus and will not create jobs and growth.[/quote]
This is where you and I disagree.
Prosecuting bad acts and bad actors sends a message that these actions are not acceptable and will not be tolerated. Sweeping them under the rug provides no disincentive for future criminal acts.[/quote]
UCGal: Beautiful! Excellent post and excellent point. When one considers that finance and banking rely on trust and confidence more than any other factors combined, you hit the nail on the head regarding the need for both aggressive prosecution and better enforcement of regulations and guidelines (not just selective enforcement and one or two show trials).
By saying that Obama is better than a slightly worse GOP alternative simply underscores the fact that his administration should have led by example, in terms of regulation, prosecution and legislation.
If you read Kevin Williamson’s excellent piece, “Repo Men” ( http://www.nationalreview.com/articles/286704/repo-men-kevin-d-williamson?pg=3), you get a better understanding of why it didn’t. To say that Obama is in the pocket of Wall Street is not an idle nor a partisan accusation. The facts are there and the complete and total absence of action proves them.