Photo – Laughing on the way …
Financial fraud conviction dashboard:
Bush: 1300+, Clinton: 1000+, Obama: 0.0 (+/-)
Meanwhile, not a word of complaint from a single Democrat in Congress, which is particularly infuriating given the broad bipartisan agreement among voters who criminal bankers must devote time. Too concerned with maintaining appearances and the next electoral cycle, neither side of the false left-right paradigm of American politics is capable of exposing its clean dirt when it comes to legitimate scandal, and this DOJ no– the madness of the prosecution involving Goldman Sachs is certainly called sordid.
Unfortunately, since it appears to the mainstream media that this is a partisan issue, and that Obama is the anointed, this story will become zero blanket.
DOJ Corruption Report via The daily caller
“When we think of cronyism and the problems of cronyism and crony capitalism, we think in terms of economic loss and gain,” Schweizer said in a telephone interview. “What we are showing here is that cronyism now permeates our justice system. So it’s not just a question of dollars and cents, it’s a question of whether or not you are going to face legal danger for what you are doing.
“The issue of a revolving door – people entering and leaving, for example, the energy ministry who go to work for energy companies and then come back to the energy ministry – is still there,” added Schweizer. “But we are not used to involving senior officials of the Department of Justice at the revolving door. And I think that’s what makes it so disturbing – because you can’t trust them. All of their financial interests are tied to these big corporations that do huge business with Wall Street. “
In the report, GAI details how the George W. Bush and Bill Clinton administrations actually slaughtered financial criminals – unlike the Obama administration. Between 2002 and 2008, for example, GAI highlights how a Bush administrative working group “Got on 1,300 convictions for corporate fraud, including those of more than 130 corporate vice presidents and more than 200 CEOs and presidents. “
“Clinton’s DOJ prosecuted more than 1,800 S&L executives, senior officials and administrators (savings and credit), and more than 1000 of them were sent to prison», Adds GAI.
But, although it has “promised more of the same,” especially in the aftermath of the 2008 financial crisis, the Obama administration’s Justice Department has not brought criminal charges against a single major. Wall Street leader..
The track record of the Bush and Clinton administrations in prosecuting white-collar crime, and the failure of the Obama administration to do so, Schweizer said, is “proof that it has less to do with some kind of problem. partisan or philosophical ”.
Here is a presentation text on Bush Sr. directly from the GAI report:
William Black, associate professor of economics and law at the University of Missouri,
Kansas City, and a former financial regulator who tackled the S&L crisis in the 1980s, noted
a difference in priorities between the federal government’s responses to the two crises. Black, a Democrat, notes the difference in priorities between the current administration and that of President HW Bush. He explains, “President Bush’s first orders were to obtain the biggest and nastiest frauds, and put their heads on spades to demonstrate that there is a new sheriff in town. Black and other federal regulators have handled the S&L crisis by ensuring 90% conviction rate over more than a thousand chases. Black laments the lack of “a serious investigation into one of the major financial entities by the Department of Justice, which includes the FBI.”
Photo – Laughing when going out …