Sunday, November 27, 2011

Taibbi Highlights Hypocrisy of Punishment of Wall Street vs. Main Street

In an article at Rolling Stone, Matt Taibbi contrasts the story of a woman who committed food stamp fraud and recieved a harsh penalty with the fraudsters of Wall Street, who, at worst, got slaps on the wrist for their crimes. Taibbi explains:

Last week, a federal judge in Mississippi sentenced a mother of two named Anita McLemore to three years in federal prison for lying on a government application in order to obtain food stamps.

Apparently in this country you become ineligible to eat if you have a record of criminal drug offenses. States have the option of opting out of that federal ban, but Mississippi is not one of those states. Since McLemore had four drug convictions in her past, she was ineligible to receive food stamps, so she lied about her past in order to feed her two children.

The total "cost" of her fraud was $4,367. She has paid the money back. But paying the money back was not enough for federal Judge Henry Wingate.

No comments: