Why Don't White-Collar Criminals Get Equal Time?
Posted 07 February 2013 - 04:05 PM
This is essentially the Obama adminstration’s “get out of jail free” card. If a mega-bank breaks the law, its leaders merely apologize and put up some money to compensate for their crime, lest the economy and other bankers suffer collateral consequences. Imagine if the government enforced its drug laws on that principle. That would empty the prisons overnight.
Non-enforcement scandals will keep piling up because—no secret really—the financial system is riddled with fraud and related crimes. As the heat rose on Justice, Breuer resigned or rather “retired” with appropriate applause from colleagues. Treasury Secretary Tim Geithner, who doubtlessly influenced forgiveness for banks and bankers, has already left office and returned to New York. Was Federal Reserve Chairman Ben Bernanke consulted by the prosecutors? Was the White House? Who said what to whom? And what did the president know? http://www.thenation...-get-equal-time
Posted 07 February 2013 - 04:09 PM
Pad a few coffers, donate a few million, pay a few fines... "what fraud?"
Posted 08 February 2013 - 03:29 AM
Posted 08 February 2013 - 04:26 AM
Posted 08 February 2013 - 04:31 AM
seriously, people argue that their cheap electronics are worth killing or dying over but when the banks nearly destroyed the world economy it just led to a bunch of "lol occupy wall street* huh hippies? maybe you should GET A JOB"
*in retrospect it was a p shitty movement altogether but goddammit they at least said some correct things about the most parasitic group of people in our society
Posted 08 February 2013 - 04:36 AM
Posted 08 February 2013 - 04:50 AM
Posted 08 February 2013 - 04:59 AM
It's origins were pretty different
Posted 08 February 2013 - 09:22 AM
White collar criminals are likely to bring a crack legal team and a solid case; compare this to a public defenders falling asleep in the courtroom during poor folks trials. If the prosecution doesn't bring their A game, they'll be absolutely destroyed. It takes a brave (and talented) DA office (or AG)to constantly go up against that.
That being said Breuer can go kick rocks.
Posted 08 February 2013 - 09:28 AM
That being said, I want someone who breaks into my house punished to a greater degree than someone who embezzles from the bank I have my money in, simply because the person who breaks into my house is a greater threat to me and my family than the embezzler.
Posted 08 February 2013 - 03:17 PM
Lanny Breuer is leaving his position as head of the Justice Department’s criminal division, The Washington Post reported Wednesday.
As assistant attorney general, Breuer led the effort to pursue allegations of fraud and corruption at major banks in the wake of the financial meltdown. The Post said it was unclear when Breuer will leave, and didn’t offer a reason. A DOJ spokeswoman told FRONTLINE that the department wouldn’t comment on the report.
Breuer was featured in FRONTLINE’s documentary, The Untouchables, which aired on Tuesday and explored the reasons why no Wall Street executives have been prosecuted for fraud in connection with the financial crisis. Breuer told FRONTLINE that the DOJ had pursued charges when officials found evidence of fraud. “But in those cases where we can’t bring a criminal case — and federal criminal cases are hard to bring — I have to prove that you had the specific intent to defraud. …If we cannot establish that, then we can’t bring a criminal case,” he said.
The edited transcript of his interview is here. Watch the full film here.
Posted 08 February 2013 - 03:52 PM
Posted 08 February 2013 - 03:55 PM
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