Woman Gets Jail For Food-Stamp Fraud; Wall Street Fraudsters Get Bailout

by Matt Taibbi, Rolling Stone Magazine
Tuesday, January 17th, 2012

Compare this court decision to the fraud settlements on Wall Street. Like McLemore, fraud defendants like Citigroup, Goldman Sachs, and Deutsche Bank have "been the beneficiary of government generosity." Goldman got $12.9 billion just through the AIG bailout. Citigroup got $45 billion, plus hundreds of billions in government guarantees.

All of these companies have been repeatedly dragged into court for fraud, and not one individual defendant has ever been forced to give back anything like a significant portion of his ill-gotten gains.

Anita McLemore, meanwhile, lied to feed her children, gave back every penny of her "fraud" when she got caught, and is now going to do three years in prison. Explain that, Eric Holder!

http://www.rollingstone.com/politics/blogs/taibblog/woman-gets-jail-for-...