Warren: "It’s like you can’t make this stuff up, right?

[kpete]

“The Republicans think no one is looking right now, that all of the public attention is somewhere else, and that this is a chance to try to slip through an amendment to make it harder to prosecute white-collar criminals,” she said. “It’s like you can’t make this stuff up, right? The idea that the Republicans are trying to gut one of the main laws to prevent bank fraud—that’s their response to the 2008 financial crisis.”

Warren said she also believes the Republicans have overreached, and are inviting a serious public blowback during a crucial political year. “If the Republicans succeed in further undercutting the laws to hold big banks accountable, I think it will become a major issue by next November.”

Warren released a report last week detailing 20 cases where federal prosecutors caught big companies violating the law, but imposed only modest fines and did not require the offending corporations to admit guilt.

http://www.thenation.com/article/elizabeth-warren-blasts-republican-plan-to-protect-white-collar-criminals/

[TreasonousBastard]

1. Amazing--

No doubt Warren is well aware that so few such cases lead to major convictions because they are so complex and the companies under fire often have much larger legal budgets than government agencies prosecuting them.

And now Congress wants to make it even harder to get to them?

Admittedly there could be some prosecutorial misconduct if they make it any easier, but controlling that is what Congress is for.