Monday, February 4, 2013

Good post over at Zero Hedge about the profound lawlessness over at the Justice Department.  They appear to have a policy that some banker/criminals are "too big to prosecute," under the theory that a criminal prosecution of certain big wigs would do too much damage to the financial system.

What happened to the journalists on this?  Other than on Zero Hedge, has anyone other than alternative media reported on this dereliction of duty?

From an interview with Assistant Attorney General Lanny Breuer, outgoing Justice Department official:

MARTIN SMITH: You gave a speech before the New York Bar Association. And in that speech, you made a reference to losing sleep at night, worrying about what a lawsuit might result in at a large financial institution.


MARTIN SMITH: Is that really the job of a prosecutor, to worry about anything other than simply pursuing justice?

LANNY BREUER: Well, I think I am pursuing justice. And I think the entire responsibility of the department is to pursue justice. But in any given case, I think I and prosecutors around the country, being responsible, should speak to regulators, should speak to experts, because if I bring a case against institution A, and as a result of bringing that case, there’s some huge economic effect — if it creates a ripple effect so that suddenly, counterparties and other financial institutions or other companies that had nothing to do with this are affected badly — it’s a factor we need to know and understand.

Further reading on this:

“The rule of law isn’t really the rule of law if it doesn’t apply equally to everybody. If you’re going to put somebody in jail for having a joint in his pocket, you can’t let higher ranking HSBC officials off for laundering $800 million for the worst drug dealers in the entire world,” Taibbi tells Bill. “Eventually it eats away at the very fabric of society.”

How I pine for a government of adults, watching out for the interests of the normal people, and not the fabulously wealthy Wall Street types, instead of this corrupt, juvenile and ignorant cabal of midgets.


  1. Or perhaps they are afraid that the 'big bucks' guys would not only take down even more 'big bucks' guys with them (causing our 'financial system' to melt down) and take a bunch (most?) of the 'professional politicians' with them as well There might not be enough prison space for all of them..........................

    1. We'll find more if we need it. I hear the north slope of Alaska is beautiful this time of year.