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Holder to Wall St.: More Prosecutions Coming Over Financial Crisis
Newsmax ^ | Tuesday, 20 Aug 2013 09:17 PM | Todd Beamon

Posted on 08/21/2013 2:04:06 AM PDT by Olog-hai

Attorney General Eric Holder said Tuesday the Justice Department is nearing decisions on several cases involving large financial institutions, and he plans to announce new prosecutions stemming from the 2008 economic meltdown.

“My message is, anybody who’s inflicted damage on our financial markets should not be of the belief that they are out of the woods because of the passage of time,” Holder told The Wall Street Journal. “If any individual or if any institution is banking on waiting things out, they have to think again.”

Holder declined to discuss specifics or say when such cases would be announced, but he indicated his own career schedule would not affect those decisions.

The attorney general has said he did not plan to serve out the entire Obama administration term. But he said Tuesday he would not step down before making major charging decisions in cases stemming from the financial collapse. …

(Excerpt) Read more at newsmax.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: democrats; ericholder; govtabuse; holder; liberalagenda; shakedown; socialism; tyranny; wallstreet

1 posted on 08/21/2013 2:04:06 AM PDT by Olog-hai
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To: Olog-hai

So, I guess when he has to handcuff himself, does he get to keep the key?


2 posted on 08/21/2013 2:12:39 AM PDT by Gaffer
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To: Gaffer

Well, when he is allowed to investigate his own department for wrongdoing that he is responsible for, the sky’s the limit.


3 posted on 08/21/2013 2:24:00 AM PDT by Olog-hai
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To: Olog-hai

“My message is, anybody who’s inflicted damage on our financial markets should not be of the belief that they are out of the woods because of the passage of time,” Holder told The Wall Street Journal. “If any individual or if any institution is banking on waiting things out, they have to think again.”

So Holder is going after his boss and himself?


4 posted on 08/21/2013 2:39:14 AM PDT by Conspiracy Guy (To stay calm during these tumultuous times, I take Damitol. Ask your Doctor if it's right for you.)
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To: Olog-hai

Gosh and they thought the gift of 80 billion a month was punishment enough.


5 posted on 08/21/2013 2:49:12 AM PDT by momincombatboots (Back to West by G-d Virginia.)
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To: Olog-hai

I guess the message is ,corps better get out the checkbooks,mid terms coming


6 posted on 08/21/2013 3:14:45 AM PDT by ballplayer
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To: Olog-hai

How is this going to square with giving John Corzine a pass on screwing investors out of billions?


7 posted on 08/21/2013 3:22:25 AM PDT by RedEyeJack
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To: Olog-hai
“My message is, anybody who’s inflicted damage on our financial markets should not be of the belief that they are out of the woods because of the passage of time,” Holder told The Wall Street Journal. “If any individual or if any institution is banking on waiting things out, they have to think again.”

Some have benefitted by the passage of time and will not be prosecuted even though they have done extreme damage to the Nation's Economy, this Administration. Note that this is the WORST economic recovery of the modern era, that unemployment is more persistent then ever before and the regulatory burden has idealogical.

Now ask why it took until AFTER the 2012 election for actual legal action to start? Could it be to game the system and get the maximum Wall Street contributions?

8 posted on 08/21/2013 4:20:26 AM PDT by SES1066 (Government governs best when it governs least!)
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To: Olog-hai

Gosh...wonder how many of these banks refused to play ball that fateful day back in 2009, when 0bama hauled them into the back office and demanded ‘stuff?’ The date, Dec. 14, 2009....

Richard Davis, CEO of Minneapolis-based U.S. Bancorp Inc., has been an outspoken critic of the Troubled Asset Relief Program, the $700 billion government plan designed to buttress the ailing U.S. financial system against collapse.

Last month, Davis publicly called TARP “lousy” and “just trouble” during a speech to the Thrivent Financial for Lutherans Business Leaders Forum, according to a report in the St. Paul Pioneer Press. After introducing the program as a way for banks to sustain lending and acquire troubled institutions, the rules have changed, Davis told the group.

“Now they’re punishing you for having the capital,” Davis reportedly said, adding that he wouldn’t let U.S. Bancorp become “collateral damage in an attempt to nationalize the banks.” http://sbj.net/main.asp?SectionID=18&SubSectionID=23&ArticleID=84547&TM=38161.93


9 posted on 08/21/2013 4:22:06 AM PDT by EBH (The 'silent majority' is just as responsible for where this country is today as the screaming mob)
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To: EBH

Bank CEO Blows Whistle on TARP
February 18, 2009
http://www.rushlimbaugh.com/daily/2009/02/18/bank_ceo_blows_whistle_on_tarp

‘We were told to take it so that we could help Darwin synthesize the weaker banks and acquire those and put them under different leadership,’ he said. ‘We are not even allowed to mention that. ... We were supposed to say the TARP money was used for lending.’”


10 posted on 08/21/2013 4:28:40 AM PDT by EBH (The 'silent majority' is just as responsible for where this country is today as the screaming mob)
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To: Olog-hai

MORE prosecutions? When did he prosecute previously?


11 posted on 08/21/2013 4:47:20 AM PDT by struggle
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To: Olog-hai

the biggest culprits were in the Congress starting with Dodd and Frank.


12 posted on 08/21/2013 4:59:45 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: Olog-hai

“more” prosecutions??? has the racist Holder prosecuted anyone to date??


13 posted on 08/21/2013 5:27:38 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: God luvs America

What Holder meant was more “diversions” coming to avoid the phony scandals.


14 posted on 08/21/2013 5:52:31 AM PDT by DaveA37
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To: Olog-hai

Will the Ameriquest Execs who held major interest in the Laundromat they funneled all that ASAP cash into be held accountable?

Doubt it.

What about the ones at Ameriquests’s wholesale sister - Argent Mortgage who fabricated FICO scores on the thousands of loan apps that transmuted in to AAA A$$paper?

Doubt it.

Will Holder’s prosecutions be an improvement over the SEC that couldn’t find its own arse with both hands and a SQL statement telling it exactly where to find it?

Doubt it.

ESAD - it you do, you will. Plop Plop Fizz Fizz.


15 posted on 08/21/2013 6:02:01 AM PDT by TArcher ("TO SECURE THESE RIGHTS, governments are instituted among men" -- Does that still work?)
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To: Olog-hai

http://connection.ebscohost.com/c/articles/23451575/ilog-tavant-technologies-partner-mortgage-lending-solutions

FAIL


16 posted on 08/21/2013 6:04:41 AM PDT by TArcher ("TO SECURE THESE RIGHTS, governments are instituted among men" -- Does that still work?)
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To: Olog-hai

DoJ’s mortgage-fraud prosecutions claim turns out to be … fraudulent
http://www.freerepublic.com/focus/f-news/3053668/posts

Obama’s Chicago Dead Last In Federal Gun Prosecutions
http://www.freerepublic.com/focus/f-news/3003455/posts
Gun prosecutions under Obama down more than 45 percent
http://www.freerepublic.com/focus/f-news/2969934/posts
WALL STREET PROSECUTIONS UNDER OBAMA: ZILCH
http://www.freerepublic.com/focus/f-news/2920917/posts
Bush: 1,300 convictions; Clinton: 1,000 convictions; Obama: Zero attempts.


17 posted on 08/21/2013 12:06:57 PM PDT by TurboZamboni (Marx smelled bad & lived with his parents most his life.)
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To: struggle
This is an escalation of Obama's class warfare. Stir up the hatreds of the lower classes for the "evil rich" by launching a vendetta against them, whether they actually broke any laws or not. FDR did exactly the same thing in the New Deal era. Some major figures were prosecuted endlessly, sometimes only to be acquitted, but their firms and personal lives ruined. This is not crime-fighting, this is bloodying the class enemy and arousing the masses prior to the 2014 election cycle.
18 posted on 08/21/2013 1:30:02 PM PDT by hinckley buzzard
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