The most corrupted administration I have ever witnessed.
HuffPO-
The U.S. Department of Justice appears to have neither conducted nor received any analyses that would show whether criminal charges against large financial institutions would harm the economy, potentially undermining a key DOJ argument for why the world’s biggest banks have escaped indictment.
Testimony by a top Justice official and fresh documents made public on Wednesday during a House financial services committee hearing revealed that financial regulators and the Treasury Department did not provide warnings to prosecutors weighing the economic consequences or fallout in the financial system of criminal indictments against large financial groups. DOJ also could find no records that would substantiate its previous claims that it weighed potentially negative economic or financial impacts when considering criminal charges, said Mythili Raman, acting assistant attorney general for the criminal division.
Wednesday’s revelations are likely to increase criticism of the Obama administration, which has been accused of a lackluster enforcement record against big banks in the financial crisis and other matters.
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Lanny was awake at night concerned about job loss at banks, when much larger problems, that are far more destructive to employment were ensured by un-prosecuted TBTF law breaking. So they flat out lied to protect Banks. The Treasury Department doesn’t normally engage in the supposed role of the Justice Department but for the sake of the news let’s toss some blame about. What regulator has acted in that capacity either?