Skip to comments.Obama's 'Untouchables:' How The Most Powerful Wall Street Execs Escaped Prosecution
Posted on 01/23/2013 8:50:40 AM PST by SeekAndFind
PBS' Frontline program on Tuesday night broadcast a new one-hour report on one of the greatest and most shameful failings of the Obama administration: the lack of even a single arrest or prosecution of any senior Wall Street banker for the systemic fraud that precipitated the 2008 financial crisis: a crisis from which millions of people around the world are still suffering.
What this program particularly demonstrated was that the Obama justice department, in particular the Chief of its Criminal Division, Lanny Breuer, never even tried to hold the high-level criminals accountable.
What Obama justice officials did instead is exactly what they did in the face of high-level Bush era crimes of torture and warrantless eavesdropping: namely, acted to protect the most powerful factions in the society in the face of overwhelming evidence of serious criminality. Indeed, financial elites were not only vested with impunity for their fraud, but thrived as a result of it, even as ordinary Americans continue to suffer the effects of that crisis.
Worst of all, Obama justice officials both shielded and feted these Wall Street oligarchs (who, just by the way, overwhelmingly supported Obama's 2008 presidential campaign) as they simultaneously prosecuted and imprisoned powerless Americans for far more trivial transgressions.
As Harvard law professor Larry Lessig put it two weeks ago when expressing anger over the DOJ's persecution of Aaron Swartz: "we live in a world where the architects of the financial crisis regularly dine at the White House."
(Excerpt) Read more at businessinsider.com ...
Simple....two words, actually three: Campaign Contributions and Kickbacks.....
Reagan was the last Pres to hold any Wall Street crooks somewhat accountable.
There is no GOP outrage against financial malfeasance today.
Face it - the Current Regime now occupying the kWhite Hut is a criminal enterprise.
On so many levels.
Face it - the Current Regime now occupying the White Hut is a criminal enterprise.
On so many levels.
Any trials would have lead to disclosure of the complicity of politicians and bureaucrats with the fraud. After all, Fannie and Freddie and the FHA were busy buying lots of these loans and then issuing CDO’s. The Govt knew that these securities were suspect..they wrote the rules that allowed them.
Believe it. Although that would be giving the Mafia a bad name. I prefer to think of it as Obama is King Pimp from the MacDaddy Pimp and Gang Ball who has won the prize (again).
I remember some of the Enron people going to prison.
Looking for the wrong crooks. While big bankers hold some culpability for the financial crisis, the biggest criminals responsible are Bill Clinton, Andrew Cuomo, and Janet Reno. Greenwald and the other cluck are both bigtime leftists who’d likd nothing more than to divert the public’s gaze away from the real chief perpetrators to Obama’s Wall Street cronies who were second-tier crooks compared to Slick Willy and his pals.
Jon Corzine should spend the rest of his natural life in prison for stealing $1.6-billion in customer-segregated funds.
Or blowing their brains out or euthanizing themselves.
Face it - the federal government has become a criminal enterprise!!!
He was the first one I thought about. Since Obammma got re-elected, the statute of limitations will run out and he’ll walk free instead of hang freely.
Full disclosure. Ain’t nobody ever going to do a day in jail.
Did anyone really expect the bankers to be put on trial?
Saw the broadcast last night on PBS. No mention of Fannie Mae or Freddie Mac nor of Chris Dodd or Barney Frank. And Lanny Breuer works for Eric Holder who works for Obama. The same characters that are involved in Fast & Furious.
“we live in a world where the architects of the financial crisis regularly dine at the White House.”
Obama&Co have proved that to be true.
WALL STREET PROSECUTIONS UNDER OBAMA: ZILCH
In Financial Crisis, No Prosecutions Of Top Figures
Gun prosecutions under Obama down more than 45 percent
too busy redistributin’ out thar.
It was a good program. That DoJ attorney Lanny Breuer is a joke. After all of that evidence, still not enough to take to a jury? Give me a break. Obvious that the Admin told him to stop the investigation. Odd that Sen. Kaufman and Phil Angelides actually came off looking good.