Drugs are everywhere, and there is definitely a problem coursing though our quaint sub-new England streets – a problem which everyone seems to have been made well aware of.
To many, it seems heroin has killed and claimed the livelihood of our once naïve youth. Members of our community have died from overdose, toddlers are being diagnosed with Hepatitis and the ever growing drug crime rate continues to escalate towards numbers not seen since the 1970′s.
Even at my office, I spend most days proofing and editing copy written by others I work with. They spend their time writing and reporting the hot-button issues surrounding both the drug trade and consequential criminal and penal repercussions associated with the lifestyle.
Luckily, The topic has still primarily been kept at bay for me on a personal level; but things are evolving everyday – and now I cannot help but take notice.
One of the first experiences that peaked my attention was the discovery of a used syringe that was happened upon in the parking lot between the two buildings where I work.
The officer who responded drove his patrol unit to “the scene,” and I estimate that it took longer to drive here than it would had the Officer simply walked across the parking lot that separates the two properties.
I only mention that to shed some perspective on the proximity of my office to law enforcement 24/7. We can literally see in each other’s windows; depending on the direction of the prevailing winds one of my kids could probably glide a paper airplane over there. It’s that close.
At any rate, the police were called to handle the situation and in the end no one was actually hurt, but that’s not to say that it wasn’t an unnerving event. They did handle the needle, and I’ll presume that they disposed of it responsibly according to their protocol.
Later that day while discussing the matter with or editor and publisher, we were informed that if we were ever to discover something of the like, we should inform management who would summon the police to deal with it again accordingly.
Since then, I have become more and more aware of where I walk and where I step for fear of getting poked by medical waste. This is the society we live in now, and I can’t help but feel saddened by it.
I briefed my grandparents – who moved to Norwich in 1965 to raise my mother, aunt and uncles – about the situation; and their reaction was especially disheartening. They were somewhere between heartbroken and appalled.
Recently, I had heard word through an online social media site that an acquaintance of mine – whom I had attended high school with here in Norwich – had an similar, yet amplified experience. He and I are both fathers with children around the same age, as we’re about the same age.
I was originally going to write of his experience as a news piece for my work, but decided that because of how strongly I felt that I couldn’t remain objective no matter who hard I tried.
Tree trimmers had been hired to to work behind his home and they discovered what is believed to be nearly 40 used syringes that tenants of the adjoining property to the rear of his had disposed of by tossing atop a garage roof.
I assume that they (whomever discarded the used sharps) thought that the dirty needles would never be discovered. As addicts often do, they most likely became increasingly ignorant and complacent with the practice – only for it to eventually become routine. The fact that my friend’s daughters swing set and the backyard they often play in together surely never crossed their minds.
My friend summoned the police – who drove over to his neighborhood – and informed the authorities of the discovery, much like the procedure that went down here at the office.
Based on his experience, this is where the similarities of the two experiences begin to differ.
The responding officer indicated that there was nothing that they could do for him… because the litter wasn’t on HIS property. The officer indicated it wasn’t the Police Department’s responsibility to pick them up and that HE should figure out how to safely dispose of them. The landlord of the property claimed that he too wasn’t responsible, and scoffed – having no time to deal with such trivial issues.
I surely hope that this is an isolated reaction of both our paid law enforcement and community’s landlords, simply because this behavior only encourages blatant disregard for the future of this country everyone claims to love so dear.
I sincerely hope that they – like the addicts– do not become increasingly ignorant and complacent with the practice – only for it to eventually became routine. At the end of the day, if you’re not a part of the solution, what are you really a part of?
Matt's Reporter Blog
Drugs are everywhere, and there is definitely a problem coursing though our quaint sub-new England streets – a problem which everyone seems to have been made well aware of.
I learned of the Bundy Ranch situation near Mesquite, Nevada a week ago and with mixed feelings felt somewhat grey about whose ethics should be questioned. Is the federal government in the wrong for using force and coercion in defending or upholding a law? Should Cliven Bundy get a “hall pass” to renege on his agreement with the Bureau of Land Management (BLM) and halt paying his dues because he feels that government isn’t holding up it’s end of the bargain?
To me, those issues are just a snippet of an even larger issue.
Although the fight between Bundy and the BLM has widened into a debate about states’ rights and federal land-use policy, Bundy has chosen to not recognize federal authority on land he insists belongs to Nevada, land that his family has grazed its cattle on for centuries.
Funny as history repeating itself (and how fickle the memory) can be – it’s still always there.
Call me a sentimentalist, if you will, but does this country not recall the atrocities splayed upon the Native Americans for over two hundred years?
I know, I know – there’s nothing that we can do about it now because it was in fact our ancestors who concocted to deceive and go back on their word for the rights of the entire North American Continent.
Or can we?
The poignant feelings left on my palette have spilled down through the generations of my family. I remember very clearly my Grandfather and Father explaining to me their sympathy of the natives that came before us. Our family farm in White’s Store was purchased by a Revolutionary War soldier who married a Mohawk Native American long before it was transferred to my family, who would later settle the land into a dairy and live there for six generations.
There’s a great deal of irony and little contrast between the two, including the lack of pigment and facial structures. Bundy believes that he has somehow been disenfranchised, and that his rights – or the rights of his family (his “people”) pre-date the government.
Pot, Meet kettle.
Bundy does not recognize federal authority on land he insists belongs to Nevada… Much like the Lakota, Northern Cheyenne and Arapaho did at the Battle of the Little Bighorn, more eloquently referred to as Custer’s Last Stand.
We all know how that turned out… while the Sioux won one of the greatest battles of Great Sioux War of 1876, Custer and the 7th calvary would end up “winning” in the end.
All I can say is that I sincerely hope history fails to repeat itself.
You’ve gotta love social media at it’s finest. It’s not a stretch of the imagination to say that we all, in one fashion or another, have played the role of the “Monday quarterback” or backseat driver, but the anonymity of the internet’s exploited overuse of emoticons, memes and avatars in a fictitious virtual world is more prevalent to some than good old fashioned face-to-face communication.
Recently a picture of a couple of Norwich City PD officers goofing off in the office re-surfaced on Facebook, and like clockwork the opposing forces collided like some sort of super hero battle of good versus evil. More than 100 Facebookers had strong feelings either for against the photograph from “alleged” locations as far as California.
Personally, I don’t think the act itself was especially heinous or cause for alarm. After all, People fool around all the time at work, and again – sometimes one falls through the cracks. At most is was just some inappropriate tom foolery that, I’ll admit didn’t even go all that far.
Now, you can choose to love or hate the guy over on Chenango County Memes – often known for his seemingly slanderous approach to all things disgraceful in the ‘Nango – for the content that he posts, but at the end of the day there is integral accountability associated with everything that he post. The administrator of that page is comfortable in his shoes and is transparent, rarely (if ever) does he seem to be offended by the slew of derogatory comments often channeled his way from people with differing onions.
Humans are fallible by nature. The one thing that people of all faiths and denominations can agree on is that people make mistakes. Heck, even the anarchists admit that.
You have made mistakes. I have made mistakes.
Four years ago I was arrested and charged with a DWI… I blew a .08%… so I was the legal definition of intoxicated, which for a man of my size really doesn’t seem like much. What was more detrimental for the outcome of my situation was that I “fled” the police and hit two parked cars. My explanation, I panicked – plain and simple.
Needless to say, it cost me greatly. It cost me a marriage, a $35,000 car, at least $5,000 in legal fees, restitution and eventually a short stint in county jail. No fun.
As embarrassing as the entire incident is, I owned it… and I still do. I don’t hide from the fact that I did something callous and stupid, and I never will. It’s in the past and I have moved on. No one died, thankfully. Some will always argue “Someone could have died,” and I’ll always counter, “did they?”
Where the “cop-selfie heard round the entire city of Norwich” ties into my story is when I commented on the Facebook post something along the lines of “Anything shared on the internet is permanent and never goes away,” something that the officers in the photo probably understand well and clear.
Where this story gets interesting is that an unidentified individual with an anonymous profile begrudgingly posted a link to the ES story that a former reporter wrote of my shortcomings four years ago. It was news, and it was his job, and I can now respect that.
This anonymous person basically tried to throw me under the bus and humiliate me.
Did it work? Absolutely not.
In response, I sent a message to this “masked man” (or woman… which I like to assume is the case since the sex of the person in question is listed as “male” on the profile… and deception seems to be his/her thing) calling them out for their cowardly act of trying to oust folks who may have fallen from grace accountable, yet remain anonymous and “untouchable” – effectively unaccountable for their actions.
Moral of the story; When attempting to mar someones character by shedding light on a past mishap –
1) Just. Don’t. Because that just makes you a jerk. And a coward.
2) You’d better have a face and an identity to back it up – and be as transparent as the guy you’re trying to throw under the bus. If you’re going to call someone out, you’d better expect that you’ll be called out. If not, you just look foolish. VERY foolish.
Buying a new (or new to you) home can be one of the most exciting and downright frightening endeavors on God’s green earth, and contrary to so many things in life; the excitement never diminishes no matter how many times you schlep through the tedious process of dealing with bankers, lawyers and more lawyers.
There’s something bittersweet-romantic and refreshing about going through the process again, especially if you’re going through it with someone new – who’s never experienced the process for themselves.
In the case of my girlfriend, Rachel and myself, I have caught myself groaning at some of the things I dislike about the process of a new real estate acquisition and – just in time – I cut it off and turn it into a positive, encouraging remark… see?, men can be trained.
As a more considerate and understanding version of my younger self, I try to be a bit more tactful in my responses. It’s easy for someone who has a history and past such as I do to bemoan things that seem like drudgery, annoying or just plain unbearable.
But I realize that in acting in such a manner, I take something away from Rachel, who is still wearing the rose-colored glasses of being a first-time homebuyer/owner. That little bit of excitement would be tarnished, never to be regained.
I think that is it safe to say that it wound be selfish and unkind of me to – and in essence foolish – take that away from her… So I do my best to keep it to myself.
This weekend, Paint… lots and lots of painting and sanding of hardwood floors punctuated with blisters, splinters and cuts.
My nose will be plugged with sawdust, my hands will crack through the desiccant powers of drywall compound, my lungs full-up with who-knows-what.
But I will not complain. I’ll keep my head down and and smile and put on my dream-face with my arm around Rachel as we get ahead of ourselves even further.
It’s going to be a GREAT weekend!
Dear diary, it’s been five weeks since my last confession. A lot has changed – some for the good, some for the not so great – but nonetheless my group of exemplary cohorts (er, co-workers) and I have weathered through a seemingly treacherous storm amidst a raging sea. If I were to assign a song to the experience that was my first “Progress Chenango,” I would steal a line from a budding Neil Young who sang: “Sailing hardships through broken harbors out on the waves in the night; still a searcher must ride the darkness racing alone in his fright. Tell me why.”
Our ship’s fearless captain selflessly maneuvered the beast to the other side, a battle that I could only liken to driving a ’72 El Dorado with balding middle-aged tires and loose steering down a winding Chenango County back road. Sure, it had it’s moments filled with poise and false sense of security, but for the most part our brilliant boffin was wrestling her sense of dignity with her unwavering ethic-steeped determination.
I’m looking forward to getting back into having time to focus on writing opinion pieces, blogs and more in-depth daily news reporting, all of which – admittedly and with regret – were taxed when juggled with the added workload leading up to the publication of the ten extra papers.
During my absence from blogosphere, A woman I considered to be my mother passed away. Now, I’m not one to bear my soul over loss or let my personal life interfere with my work; but a series of events transpired shortly before her death that has changed my life.
Long ago – shortly after my father passed away – I moved out of the area, married and established my life elsewhere. I all but abandoned my family, losing touch with my siblings, aunts/uncles.
The significance of this is that I had come from a very tight-knit, closely related family… we were raised on a farm in White Store (a hamlet just over the hill between route eight and Norwich) where my cousins and I spent every season of our youthful years together. My cousins were effectively my siblings – and I respected my aunts and uncles with same regard as my parents.
After the passing of my grandparents and father in my teens, moving off the farm and the inevitable passage of time we went our separate ways and became disassociated.
In typical fashion- the ebb and flow of life returned me back to the Norwich area a divorced man with six children searching for his roots.
Last fall, as I started work here at The Evening Sun, I received word that Lanie (mom) was suffering from a rare form of oral cancer and that a benefit had been scheduled to assist in defraying the cost of travel expenses to and from chemotherapy treatments.
I felt compelled to attend, if not only to pay my respect the woman who was strong enough to step forward and raise a hellish younger version of myself in the absence of my biological mother who stepped out when I was all of two years of age.
When I arrived at the venue, I quickly became flush with an uncomfortable fear of scrutiny. I felt what I thought was the disapproving eyes of folks I hadn’t spoken a word to in more than a decade fall upon me. I scanned the room, clawing for a familiar face to comfort me – to which the results were nil.
I had trouble remembering the names of my own family whom played a tremendous role in shaping me into the person I am today.
In my confusion, I failed to notice Jeanine – my older cousin whom I had the strongest relationship with as a child – as she approached me and greeted me with the biggest smile and best feeling embrace that I had encountered in quite some time.
In a matter of two minutes we shed nearly twelve years of age and lost time with minimal diction. I was able to find that one person I’d least expected but needed the most. We laughed and talked, poked fun of one another – I commented “Neenee” on how good she looked, and she was more than willing to let me know that I was shaping up quite like my dad – her favorite uncle Dennis.
Lanie wasn’t feeling all that great and had all of her teeth extracted the day prior inpreperatin of a procedure, so by the time I had arrived at the venue my stepsister Andrea had taken her home. As the evening concluded and we all pitched in to clean up the Sherburne American Legion, I made plans with Andrea to get up to see mom as she was living adjacent to her.
Meanwhile, Thanksgiving and then Christmas had come and gone – Jeanine and I had exchanged phone numbers and had begun the process of re-connecting. My girlfriend Rachel and I had made a few trips to Jeanine and her husband Jason’s cabin on Hatch Lake and acquainted the kids to one another.
It felt good answering my niece’s and nephew’s questions of “will you be coming to see us more often” with a re-affirming “yes.”
Shortly after New Years I learned that Laine had died. She became ill and was admitted to the hospital where her unexpected prognosis of weeks to live was trumped only by her unexpected death the next morning.
My heart sank. I never made it up to see her. Once again, life had become the priority and I would never see her again.
I took a good look at the situation and came to what I consider an obligatory catharsis.
Had it not been for the demise of my mom, I most likely would have spent God knows however many more years away from my past; away from the family I wanted to be a part of. In essence, it took the tragedy of loosing one of the most influential people in my life to bring me back to the ones that I love and missed all along.
Without knowing it, Laine planted the seed for the future of my family. I am lucky, humbled and grateful for such a great gift. I am doing my best to nurture this freshly planted seedling along.
Bad news is rampant. It’s everywhere, everyday. From the 24/7 news channels spewing fourth from their prospective social and political soap boxes to the press and mass media, it seems everywhere we look we’re fed nothing but bad news. There’s a reason…It doesn’t keep the lights on.
Due to the fact that the amount of sex in broadcast and print is largely regulated by our ethics, (and by ethics I mean the FCC) horrible news of society’s shortcomings and “poverty porn” are a close second; Those are the stories that pay the bills.
The big box news networks routinely and predictably punctuate the news hour with a “happy” segment, which is just one point of media’s “Keep them Fat, Dumb and Happy” pyramid of success. The upbeat segment is just a little hook to simulate some dopamine and keep you numb.
I’ll agree that it’s tough, often seemingly impossible to find a stitch of legitimate good news. Again, there is a reason. It’s not sexy. It doesn’t sell.
I work in the media, and in doing such I see what lies on both sides of the fence on a weekly basis. Folks will complain about there being no “real” news in the paper, others will laud over the reciprocal negativity printed in cold black Times New Roman.
There’s an interesting balancing act that regularly takes place here in the newsroom. I’m sure plenty of our readers assume that we just print and write whatever the heck we want with no regard to anyone, most likely only where they’re on the short end of the stick.
Likewise, no one seems to have a problem with what we print if it happens to coincide with their beliefs.
The fact of the matter is that we spend a great deal of our time deciding what to write, constantly weighing wither or not a particular subject matter is too liberal, anecdotal or conservative in nature. We argue, yell and disagree; once in a while a door will get slammed shut. The goal is to make the stories that are newsworthy available to the community. Not everyone in the community will ever agree with everything published here.
There is some good news to be found, however. Sometimes a positive story blissfully falls through the cracks. If the story is really good, it will perpetuate and resound through a great many people with the aid of social media. Love it or hate it, the Social media forums of Facebook, Twitter, et al. do sometimes serve a legitimate purpose.
Sometimes, a tragedy occurs, and a community comes together to do whatever they can for a family that is in need or in mourning.
Other times, it’s just a simple status post on Facebook revealing a random act of kindness that were bestowed upon unknowing.
Stories like these are my favorite. They, believe it or not, make me want to do good things and bolster the sentiment of good will.
While we all have our own problems, stresses and anxieties; I still maintain that we can all benefit to a degree by doing something for someone else… even if it’s someone you don’t know. You’ll never see an abundance of these testimonials in the commercialized media, though.
You will likely never hear about the person who payed it forward at the coffee place this morning or read a breaking news article about the teen who ushered an elderly woman across the busy street. You’ll probably never hear about the guy who made shoveling snow a contest amongst his six children in order to motivate them to clear the neighbors walks. And you shouldn’t. This is not news. This is human nature at it’s best.
I’m not so sure I’d want to live in a society where performing random acts of kindness was so significant that we had to print it on the front page of the paper everyday. If doing something that has a beneficial implication for another human were so remarkable that we demand to read it in the headlines, whats the point? Who’s ego are we stroking?
How about we complain less about the lack of good news, and make some good news? Think About it.
So many topics to blog about this week, so little time. Okay, that last bit was a lie. I have all the time in the world.
Christmas? Doesn’t everyone write about that? Thought so. Forget it.
Drug addicts? Sounds good to me. Here goes.
As a quick disclaimer, I’ll probably part the seas with this one. Inevitably, there’s the possibility that people are going to feel very strongly one way or another about my opinion, which is fine. That’s as it should be as far as I’m concerned. Feel free to fire back with how horrible and insensitive you may think I am based on my opinion. Likewise, feel more than obliged to send me a gold star if the feeling should strike you. I like stickers just as much as the next eight year old.
I guess what peeves me the most about the “addict” label in our society is the way that our government wields the definition around like some sort of justification for criminals. It seems that nowadays, if you just so happen to be under the influence of your drug of choice, the courts pity’s your debilitating circumstance and offers you a road to recovery.
I understand that life is a struggle for some. I’ve been through my fare share of woes, and I know that times are often hard, but hear this: People kick the habit everyday. True Addict’s that want to succeed and have a better life often times do, with no support.
Recently, a well written article went into our paper about shock treatment programs as an alternative to incarceration in New York State. A local Judge said that he was persuaded, in effect, after touring one of the facilities and now will send more convicted “drug offenders” to shock rehabilitation vs. incarceration.
I’m not so convinced. Let’s look at the numbers of repeat offenders. After 36 months post release from Shock, 50% of those who successfully graduated are re-incarcerated whereas 55% of candidates rejected from admission to shock (those who just end up in jail) re-offend and are incarcerated . So is Shock really all that successful at rehabilitating the individual? You go ahead and draw your own conclusions, but I’ll maintain that they do not.
You can find these figures in the Department of Justices’ National Institute of Justice Program focus handbook here: www.ncjrs.gov/pdffiles/shockny.pdf, I promise I’m not making this stuff up.
I guess my point is: the system cannot force an individual into rehabilitation, so why do they even try? Criminals have the system down to a science. Addicts are often very intelligent, albeit manipulative, attention-seeking individuals. Sit in on and open-forum Al-Anon meeting and you’ll be sure to find victims who are past enablers of addicts. They can tell you first hand how addicts identify people like themselves, whom they can control and use them to their advantage and personal gain. Sit in on a sentencing or two in county court, read the headlines… “addicts” (hard drug users) are regularly granted second and third chances while people under the influence of alcohol or marijuana are not granted the same “understanding” or variance.
Calling a criminal and addict and forcing them into a rehabilitation program is a thin veil and is in my opinion overused. We are becoming a society of enablers, and it disgusts me.
I read a shared article from the Huffinggton Post recently that made me reflect a bit on the organized madness that has become my life with children.
The gist of the piece touched on that fact that most parents, like myself often feel unworthy of “great parenting” status and oftentimes – through the false guidance of other “perfect” parents – battle the self-criticizing war on being a well balanced parent; with hopes of raising a well balanced child(ren).
The writer, Steve Wiens, explains his biggest pet peeves in simplest form, which I can appreciate: The “Perfects” will say things like “You should enjoy every moment now! They grow up so fast!” False. Sometimes, that just isn’t the case.
What exactly would be the point of “savoring the moment” your prepubescent daughter immobilizes herself in a tantrum because she dislikes the flavor of her toothpaste, all of which you know is just a ploy to extend the pre-bedtime routine? I dare you to explain to me how this moment will be worth thinking back on and reminiscing over in twenty years. Not every single moment of our child’s life was meant to be relished in the first place. Just trust me.
Now, I’m sure many of you will conclude that I am some sort of horrid excuse of a guardian based on that though, and many more will claim to romanticize every waking nanosecond you child spends breathing; but let’s be realistic. You’re not fooling anyone.
Much like Weins, I’d like to take these folks (The “Perfects”, NOT the children) and hold them under water… just for a minute; just until they start to panic a little bit. Maybe then the “Perfects”will understand the gravity of having 7 arguing children under one roof at once. Maybe then they’ll understand why the first 3 minutes of dinner – when they’re all stuffing their little faces – is my favorite part of the day; maybe then, they’ll know or remember what it feels like to not be able to “take it anymore.”
Don’t get me wrong. I am not complaining, friends. It’s a very rare occasion when we’re all actually at the table at once. The majority of the time the size of the table seems exaggerated. I have two ex-spouses and we share our children, which is still a relatively new concept for me. Usually about five minutes after my children return to the care of their mother; the silence sets in and I can tell you with all certainty that I’d rather have them there arguing with me about how much they “don’t like corn” or talking back like a Disney diva than not at all.
Everyone’s heard the adage “with age comes wisdom,” or the like. I am slowly learning how to let things that I used to be so adamant about slide for the sake of my children’s autonomy, and for the sake of peace. I’ve come to understand that each of them need to be dealt individually and not as an army brigade. The dialogue in our house is ever changing and I swear I’m doing my best. I DO cherish most of the precious little time I spend with my kids out of default, so please don’t try and drive the point home by cramming it down my throat. Not every second of parenthood was meant to be framed on a wall.
One of my duties as a staff writer at a small hometown daily, is to contribute – at least weekly – to an online blog. I know The Evening Sun’s newest addition, Britt Grove, took no time in publishing her first blog, which is to be commended. I often forget about it, until someone in the newsroom mentions it… and then I usually spend a good 30 minutes or so trying to remember if I actually wrote or not this week. Moral of the story, for the three of you who read this blog (which is clearly an exaggeration): I’ll get there.
In the grand scheme of things, the Blog is situated lowest on my flagpole of priorities. In addition to writing daily for the Evening Sun, we as reporters have a host of other duties that vie for our attention; and all have a deadline that must be kept. For instance, I also write for our sister publication – The New Berlin Gazette – which thankfully is a weekly publication and other various editorial responsibilities that randomly make it to my desk with a simple “Por Favor” scratched on.
I’m sure it’s been uttered more than once; but a debt of thanks should granted to ES Senior writer Shawn Magrath and the Hometown Daily’s new Managing Editor, Ashley Biviano. The pair, along with good ol’ Pat Newell, the Norwich sports staple – who, regardless of his awareness IS an exceptional writer – managed to keep the outward appearance of this old girl moving gracefully into the future without haste. The stresses of daily deadline and expectations of the circulation were undetectable to the masses. They’ve carried the torch half-staffed, and Britt and are now here to share the weight of burden. Challenge accepted.
Inevitably, if I have not already erred, I promise now that I will. I also promise that I will try my hardest not to.
So, for now… that is all. I have other things to accomplish before day’s end.
You stay classy.
Slapping the hand of too-big-to-fail financial giant JPMorgan is, for lack of a better term, Bogus. That’s right. Bogus. In an attempt to “teach them boys a lesson” JP Morgan has announced that it is ready to pay off it’s fine; to the tune of $13 billion to the U.S. government–potentially one of the largest such settlements ever enforced.
Seems pretty harsh to you and I, right? So why am I complaining? In the fourth quarter of 2012 alone, JPMorgan earned $5.7 billion in profits. The also reported that they took in $99.9 billion in revenue and $21.3 billion in net income in 2012. JPMorgan managed to notch its third straight year of record profits despite enduring the most embarrassing loss in its history.
But that’s not the reason why. In fact, money has absolutely nothing to do with it.
Instead, anyone willing to read between the lines will see that this is just another example of smoke and mirrors orchestrated by the Department of Justice soap-boxing how tough it has gotten on banks, giving Main Street the warm feeling that Wall Street has finally paid it’s debt to society.
The financial marketplace is not a safer one Problem is, no new rules or guidelines have been implemented to make risky business and unsavory dealings illegal. One of the biggest travesties of the matter is the fact that no one knows exactly what the huge settlement is for, because the details haven’t been released.
JPMorgan was begged by the government in 2008 to buy up the troubled Bears and Stearn and WaMu firms, who were the REAL perpetrators responsible for catastrophic risky lending, in order to stabilize the financial crisis. I’m fully abreast to the notion that “you get what you pay for”; and JPMorgan knew that going into the transaction, which is why CEO Jamie Dimon set aside something like 24 Billion dollars in a rainy day fund to pay for these ill ventures when the tax man would inevitably come to collect.
That day has come…but with what resolve?
That is a very good question.