Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground Who is Incapable of Understanding or Doing Anything About It." -- Unknown

"There seems to be almost no problem that Congress cannot, by diligent efforts and careful legislative drafting, make ten times worse." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Sunday, July 12, 2015

No Wonder That No Banksters Were Ever Prosecuted

It now becomes clear that our most recent AG was to prosecuting the banksters, what it would have been to have put Joaquín Guzmán in charge of the DEA.
Eric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington & Burling. The former attorney general decided against going for a judgeship, saying he's not ready for the ivory tower yet. "I want to be a player," he told the National Law Journal, one would have to say ominously.
Anyone left to wonder why the DOJ never successfully prosecuted a single banker? Why nobody went to prison for fraud? When the S&L crisis almost wrecked the economy, over a thousand bankers were convicted of various crimes.

This time around, zip point shit.

Thanks for nothing, Eric.

1 comment:

Ole Phat Stu said...

Here in Germany four of the banksters have been sentenced.
One of whom (boss) will actually go to prison. The others are on suspended sectences. I think they (only) got about 2 years for fraud.