It's too bad the NCAA does not have jurisdiction over the
financial industry. Now this is not
another discussion on Jerry Sandusky who is a deplorable human being and if
there is a hell he should rot there, nor of Penn State University . It is a matter of principles and
parallels. Jerry Sandusky raped and
abused young boys. Higher ups new about
it and covered it up to avoid bringing shame upon the university's football
program and its venerated coach Joe Paterno.
So it was actually a few powerful men who were to blame for the
mess. Sandusky
got his jail sentence, some of the cover up conspirators got fired and the NCAA
came down like the hammers of hell on Penn State . Without going into all the NCAA punishments
which you have heard about elsewhere, the NCAA wanted to make sure Penn State
got a merciless public flogging.
Okay. Now here are the principles
and parallels. The financial industry
raped and abused the American public by rigging the system with bogus financial
instruments and conning people into mortgages they could not afford (there are
other things but these will do for now).
The powerful men covered up as long as they could and when the shit hit
the fan the government bailed them out.
Here's where we needed the NCAA approach but it never happened because
the politicians of both parties covered the CEOs asses and did not hold them accountable. Since the NCAA doesn't have jurisdiction over
the financial industry, maybe, considering the similarities to the Sandusky case, it could
get jurisdiction over the Catholic Church.
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