Report: Cronyism, political donations likely behind Obama, Holder failure to charge any bankers after financial meltdown
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People can dismiss this as partisanship but there have been many articles from many sources asking why none of these crooks have been called to answer for their crimes.
It's amazing how many will complain about the 1% but yet defend those who do everything they can to defend and make sure they stay the 1%.
Tuesday’s Senate hearing on HSBC is likely to add fuel to a debate that cuts to the core of recent criticisms of Wall Street: When a bank is found to be shockingly noncompliant in preventing money-laundering, are monetary fines enough? Or should high-level employees be criminally liable?
For some advocates of heightened enforcement, prosecuting individuals is the only clear-cut solution.
A new report finds that President Barack Obama’s and Attorney General Eric Holder’s failure to criminally charge any top Wall Street bankers is likely a result of cronyism inside the Department of Justice and political donations made to Obama’s campaign.
Despite Obama’s and Holder’s “heated rhetoric” against Wall Street (in 2009, Obama blamed the 2008 financial collapse on “reckless speculation of bankers” while Holder charged that “unscrupulous executives, Ponzi scheme operators and common criminals alike have targeted the pocketbooks and retirement accounts of middle class Americans”), they haven’t “filed a single criminal charge against any top executive of an elite financial institution,” GAI wrote in its report.
Just like they wouldn't go after the black panthers.
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