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  •  Oh please, they let them pay a fine? When will (3+ / 0-)
    Recommended by:
    lotlizard, Van Buren, George Hier

    banksters / ceos go to jail ?  Holder needs to go, period.

    Eric Holder Owes America Some Answers
    By Jonathan Weil Nov 15, 2012 4:30 PM MT

    Eric Holder has said he doesn’t know if he will stay on as U.S. attorney general, now that President Barack Obama has been re-elected. Here’s something to help them decide: A story about how the Justice Department got caught fudging its numbers on financial-fraud prosecutions -- again.


    Holder said the multiagency initiative, led by the Federal Bureau of Investigation, ran from Oct. 1, 2011, through Sept. 30 and resulted in 285 indictments and complaints against 530 criminal defendants “for allegedly victimizing more than 73,000 American homeowners.” He also credited the program with 110 civil complaints against more than 150 defendants.

    It took two days to discredit the figures. On Oct. 11, Bloomberg News reported that the numbers for the criminal cases included fraud charges against a Chicago lawyer that were filed in October 2006, two years before Obama was elected. The lawyer, Norton Helton, was sentenced in January to 15 years in prison.
    Complete List

    The Justice Department at the time declined to release a complete list of defendants’ names. Bloomberg identified the George W. Bush-era charges from a sample list of eight cases that the department did provide. In 10 more cases that individual U.S. attorneys’ offices publicized in news releases as being part of the initiative, Bloomberg found that six of them were filed in 2009 and 2010, before the initiative began.

    This was the second time in two years that the Justice Department used trumped-up numbers for a media event on financial-fraud prosecutions. In December 2010, Holder held a news conference to tout a supposed sweep by the president’s Financial Fraud Enforcement Task Force called Operation Broken Trust. (The mortgage-fraud program was part of the same task force.) As with the latest initiative, Broken Trust wasn’t actually a sweep. It was more like picking trash out of a dump. All the Justice Department did was lump together a bunch of small-fry, penny-ante fraud cases that had nothing to do with one another. Then it held a press gathering.

    Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

    by divineorder on Sat Nov 17, 2012 at 12:28:55 PM PST

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