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 ...
So, I guess when he has to handcuff himself, does he get to keep the key?
Well, when he is allowed to investigate his own department for wrongdoing that he is responsible for, the sky’s the limit.
“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?
Gosh and they thought the gift of 80 billion a month was punishment enough.
I guess the message is ,corps better get out the checkbooks,mid terms coming
How is this going to square with giving John Corzine a pass on screwing investors out of billions?
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?
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
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.’”
MORE prosecutions? When did he prosecute previously?
the biggest culprits were in the Congress starting with Dodd and Frank.
“more” prosecutions??? has the racist Holder prosecuted anyone to date??
What Holder meant was more “diversions” coming to avoid the phony scandals.
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.
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.