In November 2009, Attorney General Eric Holder vowed before television cameras to prosecute those responsible for the market collapse a year earlier, saying the U.S. would be “relentless” in pursuing corporate criminals.
In the 18 months since, no senior Wall Street executive has been criminally charged, and some lawmakers are questioning whether the U.S. Justice Department has been aggressive enough after declining to bring cases against officials at American International Group Inc. (AIG) and Countrywide Financial Corp.
WAKE UP AMERICA!
The entire game here is to run the clock. See, there's this thing called the "Statute of Limitations." For Securities Fraud it is typically five years. Five years since 2007 would 2012. Next year.
You don't think this is the game? Like hell it isn't.
The Justice Department and Federal Bureau of Investigation dispute that, saying they are continuing to investigate potential wrongdoing connected to the emergency, and some probes didn’t find criminal behavior.
You have a former risk officer for Citibank who testified under oath that the bank knew that 80% of its loan production did not meet the standards for the securities they were put into in 2007.
What is selling someone a box of "chocolates" when you know full well they're dog turds?
Hard to prove? How hard is it when you have a clear admission in sworn testimony? Is it hard to bring a case of murder against some random gang-banger when he confesses under oath to having shot the jewler?
So where are the prosecutions?
You don't think that corporate donations to Obama's election campaign in 2008 might have something to do with the lack of prosecutions, do you?
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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