"Just pay a settlement, admit no guilt, and it's back to business as usual."
These are the words that introduce a major investigation, released Saturday, into how Wall Street cronies evade the law and continue with the same behavior that led to the financial meltdown of 2008.
Denise Simon of Stand Up America has published the results of an in-depth probe into Wall Street cronies who easily move from banking giants to government positions, and back again to the banks, all in the promotion of a massive Ponzi scheme that pads their own pockets while investors lose billions.
"Crony capitalism" is differentiated from capitalism itself in that the vast majority of the profits go to a select few, all of whom know each other well or are at least acquainted, while the opportunity to share in those profits is closed to outsiders.
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