Justice Department won't prosecute Goldman Sachs for financial crisis

It is sickening that no one has been held accountable for the actions of this cabal.

It just solidifies the fact that our elected officials are bought off.

[url=http://www.foxnews.com...[/url]

I agree 100%.

There is no such thing as justice in this country anymore. Just corruption and greed. If you have the money you can buy whatever justice you want.

Originally posted by watchitburn
I agree 100%.

There is no such thing as justice in this country anymore. Just corruption and greed. If you have the money you can buy whatever justice you want.

This is the thread I'm flagging because it was the first posted.Your reference to And Justice for All really is fitting. The more I see events unfolding in regards to the financial elite never being held accountable really fit what that song/album was about. Hetfield was writing lyrics in this regard during the mid 80's, well before the exposed corruption was mainstream. Can you say prophet?Lady justice has been rapedTruth assassinRolls of red tape seal your lipsNow you're done inTheir money tips her scales againMake your dealJust what is truth? I cannot tell Cannot feel.

Justice department is an oxymoron when it comes to Goldman Sachs. What were you expecting? Justice? Forget about it!

I'm surprised that this topic isn't getting more attention than it is on any one of the three threads that were posted. It's really kind of sad to be honest.Considering this came late in the week by Monday the story will have completely fell into the recesses of media coverage.This is why I believe there is such a large emphasis on the recent shootings as well as the Zimmerman/Martin fiasco. It keeps everyone fighting over social and localized issues, all the while the heavy hitting criminals continue to operate unimpeded with very little resistance. Not many offer resistance because very few understand what is going on. If you want to educate yourself on these big financial issues you have to really look for the relevant information. Information that is not provided by the media intentionally.

Laws are made for the poor, not for the rich. And besides, it's not the justice departments job to punish these thieves. It's the people's.

Originally posted by Apollumi
Laws are made for the poor, not for the rich. And besides, it's not the justice departments job to punish these thieves. It's the people's.

As if the Supreme Court and Justice Department aren't the legal representatives of the people? There seems to be a growing disconnect between the people and their government where big government no longer feels that representation of the people is of the utmost priority, and the people have grown to accept this mentality. More than likely it has actually been this way for thousands of years. That is their job, always has been. When we begin to understand this we begin to understand that the whole system is virtually rotten to the core. The elected/appointed officials at the highest levels are the criminals. We don't want to believe it, but everything points in this obvious direction.

reply to post by GD21D

It keeps everyone fighting over social and localized issues, all the while the heavy hitting criminals continue to operate unimpeded with very little resistance. Not many offer resistance because very few understand what is going on.

Oh how very true! The old magicians trick.

While looking away, what the majority don't see is that Goldman and their ilk have taken over our government - and why would they prosecute themselves?

Wrong post...

Please join me here www.abovetopsecret.com... to see just how far this goes. Way beyond Goldman Sachs. Obama's adminstration has not prosecuted anyone in the time since the financial meltdown. Bush and Clinton each prosecuted thousands for financial crimes including top executives. Nothing from Obama.

In the report, GAI details how the George W. Bush and Bill Clinton administrations both actually took down financial criminals — unlike the Obama administration. Between 2002 and 2008, for instance, GAI points out how a Bush administration task force “obtained over 1,300 corporate fraud convictions, including those of over 130 corporate vice presidents and over 200 CEOs and corporate presidents.

“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.”

It was a Democratic senator (Carl Levin) that sought the probe of Goldman Sachs. But here's the rub - after Congress (and mostly Republicans) have spent the past 10 years weakening and removing most banking regulations, how can anyone expect the DoJ to turn around and suddenly make any charges? What statute would they charge them with? The ones that they might have charged them with have been eroded or repealed.

The Republicans demanded laxer banking laws, and they got it. The Republicans fought for less banking regulation and got it.

Now everyone suddenly expects the justice department to file charges against a bank for mortgage fraud - when the laws that were on the books are no more?

Right-wing hypocrisy - demand less regulation, but then demand someone be charged with a crime when the banking sector blows up. Good luck with that.

Even when the Democrats tried to pass Frank-Dodd, that got gutted. There's nothing the DOJ can do when Congress wipes the laws off the books that they might have used to go after Goldman Sachs.