They're Sacrificing Us to Save Wall Street - But "Occupy Our Homes" Could Change That

By Richard Eskow

Created 12/05/2011 - 9:00pm

This week 60 Minutes gave viewers a good look [1] at the widespread criminality that created the Wall Street mortgage boom and led to our ongoing financial crisis. They also saw some of the overwhelming evidence of illegal activity on the part of big banks, and were reminded that none of those banks' executives have been prosecuted.
As u
gly as the situation is, there is some logic behind the government's actions - and its inactions. They're acting on a tragically incorrect (but internally coherent) set of assumptions that can be summed up in one sentence. It goes something like this:

"To preserve the health of the American economy, banks must be allowed to keep preying on their consumers."

That's it. That's the logic.