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Tuesday, July 24, 2012


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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