.
Obama DOJ is stacked with white collar defense attorneys
where Bush and Clinton had a number with recent prosecutorial experience.
8/7/12, "Report: Cronyism, political donations likely behind Obama, Holder failure to charge any bankers after 2008 financial meltdown," Daily Caller, Matthew Boyle
“Clinton’s DOJ prosecuted over 1,800 S&L [savings and loans]
executives, senior officials, and directors, and over 1,000 of them were
sent to jail,” GAI adds.
But, despite having “promised more of the same,” especially in the
wake of the 2008 financial crisis, the Obama administration’s DOJ has
not brought criminal charges against a single major Wall Street executive.
The Bush and Clinton administrations’ track records on prosecuting
white-collar crime, and the Obama administration’s failure to do so,
Schweizer said, is “evidence that this has less to do with some sort of
partisan or philosophical issue.”
“I think it has to do with the fact that, previously, under Clinton
or under Bush, you had senior people who were prosecutors — who not only
had previous experience, but were actually active prosecutors,”
Schweizer said. “The problem that you have at the Obama Justice
Department, particularly bizarre at this time and place where we were
coming off the financial crisis, is that they really have no recent
prosecutors at the top of the Justice Department. They’re all
white-collar criminal defense attorneys. That’s what’s so troubling. One
would think that, given the financial crisis, and the widespread
conduct, they would have at least carved out some senior positions for
prosecutors who could really drill down on this. That’s what Clinton
did, and that’s what Bush did.”
As one of many examples of where Holder’s DOJ could have gone after
Wall Street but failed, GAI cites how Michigan Democratic Sen. Carl
Levin “proposed that the DOJ criminally investigate Goldman Sachs for
its handling of the Abacus 2007-AC1 transaction” in an April 2011 Senate
Permanent Subcommittee on Investigations report. In that 635-page
report, Levin and his staff — who are Democrats — recommended that
Holder’s DOJ investigate potential crimes committed. Levin’s
subcommittee and the Federal Financial Crisis Inquiry Commission both
made formal referrals to the DOJ for investigation – and Forbes magazine
ran an article with the headline, “Criminal Charges Loom for Goldman
Sachs After Scathing Report.”
Nothing happened. But, over the course of the rest of 2011, Obama went on a massive fundraising drive down Wall Street."...via Free Republic
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12/10/2009, "Obama's Big Sellout," Rolling Stone by Matt Taibbi. How Obama amplified Wall Street's political power.
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Ed. note: Above white patch behind this post was put there by hackers.
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