Obama's DOJ And Wall Street: Too Big For Jail?

Obama's DOJ And Wall Street: Too Big For Jail?
5/07/2012 @ 5:36PM -- Forbes


Obama formed a task force in 2009 to "Deal With" financial crimes related to the 2008 financial crisis.

It is the "Financial Fraud Enforcement Task Force".

The chairman is Attorney General Eric Holder.

Eric's statement at the time:

“This Task Force’s mission is not just to hold accountable those who helped bring about the last financial meltdown, but to prevent another meltdown from happening. We will be relentless in our investigation of corporate and financial wrongdoing, and will not hesitate to bring charges, where appropriate, for criminal misconduct on the part of businesses and business executives.”

The Forbes article seems to claim all the "prosecutions" have been small in nature and no where near the intended "Big" results.

None of that happened. The Task Force is still humming along almost three years later, but its highlighted successes are less “business executives” than ordinary Americans who have had the book thrown at them. From their website

The aricle summarizes some "lesser" cases from the DOJ website.

The StopFraud site has news from cases.


Are any of the cases considered "Big Time" ?
or are they all small potatoes ?

Selective easy "Targeting" ?

Or is it just a "Selective Protective" policy for their "Big" friends ?

Is the DOJ just a "Lamb Killer" agency ?

I would think "Deer Hunters" should get better convictions

Over the past three years, the Department of Justice has filed criminal charges against hundreds of ordinary Americans for financial fraud. But no one from the largest banks and firms on Wall Street have been similarly charged for events leading up to the financial crisis. Could that be because those banks are clients of the firms from which top DOJ officials hail?

Related Stories

(from Breitbart)
The Chicago Way: Justice for Sale at Holder's DOJ

In an explosive Newsweek article set to rock official Washington, reporter Peter Boyer and Breitbart contributing editor and Government Accountability Institute President Peter Schweizer reveal how Attorney General Eric Holder and the Department of Justice are operating under a “justice for sale” strategy by forgoing criminal prosecution of Wall Street executives at big financial institutions who just so happen to be clients of the white-shoe law firms where Holder and his top DOJ lieutenants worked.

(from The Daily Beast)
Why Can't Obama Bring Wall Street to Justice?

Despite his populist posturing, the president has failed to pin a single top finance exec on criminal charges since the economic collapse. Are the banks too big to jail—or is Washington’s revolving door at to blame? Peter J. Boyer and Peter Schweizer investigate:

Some of the "Big Fish" criminal targets may have been "Big Time" money CONtributors to Obama Inc. in 2008.

And who knows how much has been "CONtributed" under the table, hidden in the floorboards, stuffed in the refrigerators since !!

Corruption is the fertilizer that makes gardens grow !!

2008 Obama Muney

Partial List from opensecrets:

University of California $1,648,685
Goldman Sachs $1,013,091
Harvard University $878,164
Microsoft Corp $852,167
Google Inc $814,540
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Time Warner $624,618
Sidley Austin LLP $600,298
Stanford University $595,716
National Amusements Inc $563,798
WilmerHale LLP $550,668
Columbia University $547,852
Skadden, Arps et al $543,539
UBS AG $532,674
IBM Corp $532,372
General Electric $529,855
US Government $513,308
Morgan Stanley $512,232
Latham & Watkins $503,295

Thank you for providing this evidence to my statement earlier that Obama is actually a Corporatist.
More proof that he is nothing resembling a socialist.

Obama formed a task force in 2009 to "Deal With" financial crimes related to the 2008 financial crisis.

That's a joke are they going to investigate themselves the warning signs were all around them and the Democrats were saying no no problems there.

Senators Frank and Dodd sitting up there in Washington DC "Corruption Incorporated" who ran Fanny and Freddy into the ground with their over manipulation of the subprime markets.

When 95% of all Us Mortgages are owned by Fanny and Freddy both Government controlled there is no way in hell they can blame Wall Street.

Corporations and Wall Street is the same recylced rhetoric that Americans have heard for over 100 years from the likes of Wilson the creators of Anti coporate legislation that "ended" monopolies and "anti trust' to the creation of the Federal Reserve who creates fiat currency that has been devalued to the worth of lint out of my belly button to Roosevelt,Long and other stupidity that should have never been created.

Congress is too big for jail since they create the laws enforce those regulations and then cry foul with misdirection to blame someone else they were responsible for.

This is classic liberal thinking.

Originally posted by pirhanna
Thank you for providing this evidence to my statement earlier that Obama is actually a Corporatist.
More proof that he is nothing resembling a socialist.

One original concept of Corporatism is tied in with Marxism.

Socialism has variances that support both.

Very complicated.

We'll get in to all that later.

reply to post by neo96

I was thinking the same thing. If the investigation didn't start with Frank and Dodd, it'll end in failure because it was never serious to begin with. Then again, what has been initiated for enforcement in the last 3 years which was sincere? Hmm.. Lets see.. We have a number of states being sued and sanctioned by Washington for enforcing laws Washington doesn't WANT enforced. That enforcement against the states and political enemies is moving along just fine.

Other law enforcement? Well.... I'd ask DOJ about Fast and Furious, but they seem to be a little tongue tied on that subject right now.

Good thread, thanks for posting.

They do have another issue holding them back here. That is Barney Franks work, supported by the Democrats in general. The banks were actually forced to make the loans to people who did not qualify and if the banks who did as they were told are prosecuted, that will all come to the surface. The Democrats in Congress played a huge role in all of this themselves by forcing these banks to do what they did.

It stands to reason that when the government itself is forcing this on the banks, they would comply by feathering their own beds. For instance insuring the loans which made many fabulously wealthy as they knew for a fact that Frank's madness would cause what it caused.

Why would they bring this to the surface themselves by going after these bankers who did exactly what the Far Left wing of the Democrats forced them to do?

Barney should have been carried out on a pole, properly tarred and feathered and yet they laud him like a hero. His freinds will never be charged.