Eric Holder’s Legacy To Be Failing To Hold Wall Street Accountable

By: Tuesday July 1, 2014 11:26 am

Attorney General Eric Holder, appointed in the beginning of Barack Obama’s presidency, is beginning to have his legacy evaluated and it is not looking good. A creature of Wall Street who helped represent some of the culprits of the mortgage crisis in private practice, Holder never made an honest or substantive efforts to go after [...]

JPMorgan Agrees To Pay Billions For Causing Financial Crisis

By: Wednesday November 20, 2013 5:07 am

Yesterday the Justice Department announced a $13 billion settlement with JPMorgan over the megabank’s fraud in the mortgage backed security market that helped trigger a financial meltdown in 2008. The deal was completed after JPMorgan CEO Jamie Dimon summoned Attorney General Holder to a private meeting to avoid a press conference, the terms discussed at [...]

Federal Judge Claims DOJ Disregards Equality Under Law With Wall Street

By: Wednesday November 13, 2013 8:08 am

United States District Judge Jed Rakoff has given a scathing rebuke to US Attorney General Eric Holder’s Too Big To Jail rationale for not prosecuting crimes committed by Wall Street banks and executives. Judge Rakoff, in a speech before the New York Bar Association, labeled Holder’s view on Wall Street and rich Wall Street executives [...]

Review Of IRS Data Shows Political Bias

By: Wednesday May 15, 2013 5:48 am

The Internal Revenue Service decided to target conservative groups for higher scrutiny while processing mainstream liberal groups without incident a review of IRS data shows. The IRS had already confirmed earlier allegations of political bias. As applications from conservative groups sat in limbo, groups with liberal-sounding names had their applications approved in as little as [...]

Think Progress Shows Stunning Hypocrisy On Government Spying

By: Tuesday May 14, 2013 1:26 pm

Think Progress, the blog for the non-partisan Center On American Progress, has made a name for itself pretending to be a “progressive” news and analysis site despite reflexively defending the Democratic Party and being funded by an organization that refuses to disclose its donors (one hint it means “to soar” in Esperanto). But now the [...]

Standard & Poor’s Changes Its Tune On Business Practices For Legal Defense

By: Monday April 29, 2013 10:10 am

Standard & Poors, one of the major credit rating agencies, has done an interesting pivot in defining itself amidst a Justice Department civil suit. Like all the major rating agencies S&P is paid by those whose securities it rates.  This, quite obviously, is a conflict of interest in how it rates securities because if it [...]

After Sabotaging Wall Street Prosecutions Lanny Breuer Will Return From Whence He Came, Wall Street

By: Thursday March 28, 2013 10:01 am

(Video satire based on the Frontline Special) What can you say about former Assistant Attorney General for the Criminal Division Lanny Breuer that has not been said about any mob lawyer? Breuer is without a doubt a ruthless self-dealer who would do anything for money. But unlike Bruce Cutler, Breuer prostituted himself at the expense [...]

Feinstein Plans to Reintroduce Assault Weapons Ban Next Year

By: Sunday December 16, 2012 12:26 pm

Dianne Feinstein, author of the 1994 assault weapons ban that expired under President George W. Bush in 2004, told Meet the Press that she plans to reintroduce the law on the first day of the new Congress in 2013. The bill seeks to respond to the mass shooting at Sandy Hook Elementary School in Newtown, [...]

US Regulators Secure Billions from Banks in Money Laundering Settlements

By: Tuesday December 11, 2012 7:02 am

Yesterday was “bust British banks for money laundering” day in America, if you didn’t know.

Justice: Wells Fargo Still Liable for FHA Abuse, Despite Foreclosure Fraud Settlement

By: Monday December 3, 2012 11:37 am

Late last week, the Justice Department issued a filing that attempts to reinforce the release limitations set by the foreclosure fraud settlement, stopping Wells Fargo from reimagining the deal as a broader release of liability on various mortgage claims. However, a judge will have to make the final decision. The US sued Wells Fargo in [...]

The Lorraine Brown Case: Accountability for Fraudulent Document Preparers, Not the Banks Who Requested the Documents

By: Tuesday November 20, 2012 3:09 pm

The Justice Department has issued their formal press release in the plea arrangement with Lorraine Brown, the former President of fraudulent foreclosure document processor DocX, a division of LPS. Brown pleaded guilty to wire and mail fraud and faces five years in prison and up to $250,000 in fines, from what DoJ describes as “a [...]

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