Why Won't Obama Go After Criminal Bankers?

[unhappycamper]

http://www.huffingtonpost.com/eric-zuesse/why-wont-obama-go-after_b_4661086.html

Why Won't Obama Go After Criminal Bankers?
Eric Zuesse
Posted: 01/24/2014 4:05 pm

On 24 September 2013, Syracuse University's "TRAC Reports," which is the only organization that tabulates the federal government's prosecutions of elite financial crimes, headlined "Slump in FBI White Collar Crime Prosecutions," and reported that "prosecutions of white collar criminals recommended by the FBI are substantially down during the first ten months of Fiscal Year 2013." This was especially so in the Wall Street area: "In the last year, the judicial District Court recording the largest projected drop in the rate of white collar crime prosecutions -- 27.8 percent -- was the Southern District of New York (Manhattan)."

Thus, President Obama has kept the promise that he had made in secret to the assembled Wall Street CEOs inside the White House on 27 March 2009 (but that was leaked out), "My administration ... is the only thing between you and the pitchforks."

On 15 November 2011, TRAC Reports noted that ever since TRAC had started counting these prosecutions, back in 1991, the prosecutions were now at an all-time low, down more than half since the year 2000, continuing the plunge that had started when George W. Bush entered the White House. Under President Obama, these prosecutions were about 30% below the GWB annual average. Though these prosecutions should have been at record-setting highs in the wake of the biggest orgy of financial crimes in this nation's history, which was the period leading up to the 2008 GWB-era collapse, they were instead at record-setting lows now, under Obama.

There were certainly numerous prosecutable crimes, but no White House interest in pursuing them.

[SamKnause]

1. Because he is their

co-worker and partner in crime. (As are the majority of our politicians.)

They are in it to protect their business interests and investments.

His administration is filled with Wall Street criminals.

The citizens of the US are being systematically robbed because of the actions of our corrupt government.

The government GAVE corporations the power they have, by accepting bribes and future positions in the corporations.

The thief was intentional on the part of Wall Street, and aided and abetted by the US government.

[Uben]

2. Why isn't Jamie Dimon in prison....for life?

HE has broken damn near every finance law there is. Put the mother fucker in stripes, feed him mush every day for the rest of his life, and make him press some goddam license plates. He deserves it all!

[rurallib]

3. about every three months or so Holder announces that indictments will be coming soon

We should think of this as a "Holder unit" sort of like the old "Friedman unit." That was where that NYTimes reporter would wake up every six months and say - "we will turn a corner in Iraq in 6 months."
Now we got Eric Holder waking up about every three months or so to "we going to indict some banksters, oh boy, oh boy!" When I see those i know it is time for a new season on the calendar.

[Demeter]

4. Obama is too pre-Occupied (pun intended)

with the ASSUMED Executive Privileges of Droning and Spying on Everyone in the World....

[bemildred]

6. Well done.

[Demeter]

8. Thank you, I'll be here all week.

[Cheap_Trick]

5. Because they'll give him a motorcade

through Dealey Plaza.

[Enthusiast]

7. Corruption from sea to shining sea.

Just a fact.