That’s right…I said public enemy #1….NO I am not jumping on the right wing bullshit wagon…..I do not like Holder for a whole array of reasons and none of them have anything to do with the talking points of the right talking points….like “fast & Furious” or drones or surveillance or…..pick a subject that they like to go on about incessantly….I am talking about why the Justice Department did not pursue the banks for their complacency in the 2008 economic meltdown….and why after all these years these same thieves are allowed to continue to play their dangerous game…..
After reading an article in Truthout….I ask these questions……..
Providing additional evidence that the Obama Administration’s Department of Justice (DOJ) is protecting “banks too big to fail,” Pulitzer Prize winning financial reporter David Cay Johnston has revealed that the DOJ has refused to force JPMorgan Chase to comply with an ongoing investigation into the bank’s possible knowledge of Bernard Madoff’s fraud scheme of a few years ago.
The information obtained might reveal that the bank chose to financially benefit from criminal activity:
Bernard Madoff’s principal bank, JPMorgan Chase, has for years obstructed federal bank examiners trying to ascertain what it knew about his gigantic Ponzi scheme, an official document obtained by Newsweek shows.
The Justice Department refused in September to back up Treasury inspector general staff who wanted a court order to enforce a subpoena, in effect shielding JPMorgan from law enforcement, the October 8 document shows.
The Justice Department told the Treasury Inspector General “that they were denying the request for enforcement of the subpoena,” which means officials “could not undertake further actions regarding this matter,” wrote Jason J. Metrick, the inspector general special-agent-in-charge.
Johnston disclosed the latest damning indication of the DOJ shielding Wall Street banks that dominate US finanes in a Newsweek article. The DOJ pattern of not exploring potential big bank criminal activity was admitted to by Attorney General Eric Holder — as BuzzFlash at Truthout reported at the time — as recalled by Johnston:
Holder is as much at fault as the bankers……time for this person to disappear (take that anyway you choose)……..crooks and cons are just that and until we hold those responsible for their actions we will continue this vicious cycle of boom and bust…..
The markets have gone batshit crazy, closing on record highs almost daily…..to me we are being set up for another meltdown…..maybe not tomorrow….but it is coming and coming hard!