Remember Obama’s speeches about how he was going to bring transparency to Washington and how he was going to put an end to the influence of lobbyist? He even formed a task force to investigate Wall Street bankers that may of had a hand in causing the financial collapse of 2008. Things haven’t exactly worked out that way, have they?
My friend, Brian, at Frankenstein Government has written many times about the two tiered justice system in the United States. Brian is right. We do have a twi tiered justice system. That is not new and usually it is not news. But, maybe that is about to change because our “Dynamic Duo” of Barack Obama and Eric Holder would appear to have been bought and paid for by the criminals on Wall Street. Finally some of the MSM have decided to shed some light on our Department of Injustice.
Breitbart ran this headline the other day: The Chicago Way: Justice for Sale at Holder’s DOJ . The article is actually about a breaking story from Newsweek via The Daily Beast. The article talks about how through last Fall, Obama had collected more money from Wall Street than any Republican candidate including…get this…Bain Capital. It also points out that criminal investigations for corporate securities and bank fraud are at a twenty year low. This quote sums it up quite well:
It’s the most crass and cynical brand of politics imaginable, the Chicago Way writ large: pay to play justice from the nation’s highest law enforcement official. (bold added)
We all know about the Too Big To Fail (TBTF) banks, right? Well, Forbes has an article they titled:Obama’s DOJ And Wall Street: Too Big For Jail? This article lists several examples of how the DOJ has gone after and thrown the book at numerous small fries but not one the big Wall Street firms.
Why these two levels of justice? Could this disparity simply be a case that the big banks will fight charges more aggressively, thus making criminal prosecutions more difficult? Maybe. But it also undoubtedly has something to do with the fact that the top leadership at DOJ is drawn almost exclusively from White Collar Criminal Defense Practices at large firms that represent the very firms that Justice is supposed to be investigating. Covington and Burling, the firm from which both Attorney General Eric Holder and Associate Attorney General and head of the criminal division Lanny Breuer hail, has as its current clients Goldman Sachs, Bank of America, JP Morgan, Wells Fargo, Citigroup, Deutsche Bank, ING, Morgan Stanley, UBS, and MF Global among others. Other top Justice officials have similar connections through their firms.
Without a doubt, folks, the United States has the best Department of Justice money can buy. This is especially true since Obama and Holder, thee Dynamic Duo, arrived on the scene. If the Republicans lose this presidential election, it won’t be for lack of ammunition. They just have to know how to use it.
Well, that’s what I’m thinking. What are your thoughts?