After the stunning release on Net Neutrality I am waiting for the next Mohammed Ali move by the President which will prove we dfhers wrong about his close in work with Republicans, and their accomplishments.
joe shikspak
Two-tiered justice system, rewards for criminal bankers
Obama's bipartisan efforts have kept the criminal banksters who crashed and looted our economy free, under-regulated, still dominating the political system, even larger than they were when they were "too big to fail" and paying the largest bonuses since their criminal activities crashed the economy. Obama's efforts to prosecute financial frauds were even wimpier and less effective that George W. Bush's. Obama's much ballyhooed relief program for homeowners injured by the criminal bankster's behavior failed miserably; some Democrats claim that Obama sabotaged the program behind the scenes. The result of Obama's efforts has been to fuel a new era of Wall Street wealth while screwing average citizens:
As at the President said about the FCC, the DOJ is an independent part of the government which pursues its cases one would hope with little direct interference from the WH after the nomination of the AG.
AG Holder has been criticized for not bringing prosecutions for criminal fraud against the heads of the banks whose actions caused so much pain for so many during the financial crisis.
I am hopeful that that might be changing with new revelations that a witness has come forward to expose fraudulent behavior.
Fri Nov 07, 2014 at 06:13 PM MST
Updated:"9 Billion Dollar Witness" Comes Out re: JP Morgan Chase, DOJ, WH
by divineorderUnfollow
This afternoon USA Today Business columnist wrote that these revelations have left a cloud over DOJ.
Delamaide:Exposé clouds Holder's bank deals
Darrell Delamaide, Special for USA TODAY 4:55 p.m. EST November 11, 2014
WASHINGTON — As Attorney General Eric Holder heads for the exit, a blockbuster exposé about JP Morgan Chase raises new questions about how he let big banks off the hook.
Rolling Stone investigative journalist Matt Taibbi – a sort of one-man Fourth Estate on the financial front – helped a JPMorgan whistle-blower go public in an article posted online last week with allegations that implicate the nation's largest bank in criminal fraud.
The whistle-blower, Alayne Fleischmann, who worked as a due-diligence manager in the bank's mortgage securities operation, told Taibbi that she witnessed what she describes as "massive securities fraud" when she worked there in 2006-07 and tried to stop it.
She details how the bank allegedly packaged substandard liar loans into mortgage securities and sold them to investors without disclosing their flaws.
It's a story that makes for harrowing reading and confirms the worst you thought about banks like JPMorgan.
But it doesn't end there. There are two villains in this piece — the bank and its executives headed by CEO Jamie Dimon and a Justice Department headed by Holder that declined to pursue a criminal prosecution.
There have been hints that some criminal prosecutions still might happen. With this expose, would hope that would add pressure that the banksters be held accountable.
http://www.bloomberg.com/...
Holder Says Bankers May Yet Face Prosecution for 2008
By Del Quentin Wilber Oct 29, 2014 12:27 PM MT
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If not then AG Holder and the Obama Administration could well finish out their tenure under a cloud.