Historic fraud

To the editor:

This past year, Kansas Athletics Inc. was defrauded of an estimated $3 million. There have been five convictions.

The savings and loan scandal of the 1980s cost the taxpayers approximately $150 billion. There were over 1,000 felony convictions of high-level elites.

The current financial crisis is over 100 times larger than the savings and loan scandal. To the best of my knowledge, there have been zero arrests, zero indictments and zero convictions of any individual(s) responsible for this historic fraud. The current financial crisis has had zero accountability.

The chief economist from the Treasury Department estimates that our nation’s household net worth fell by approximately $17 trillion between 2007 and 2009, approximately $54,000 for every man, woman and child.

Any member of Congress that is not willing to prosecute the guilty is nothing less than an accessory to the crime. A Congress that does not support the will of the electorate needs to be replaced and/or put in prison. Justice must be served in order to preserve democracy. Until the elites are held accountable, our government is nothing less than a Third World banana republic.

Please join me in contacting members of Congress and holding them accountable for not prosecuting the guilty.