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Crooks on the Loose? Did Felons Get a Free Pass in the Financial Crisis? NYU Law Video w/ Neil Barofsky, Lanny Breuer, Eliot Spitzer, and Mary Jo White

Crooks on the Loose? Did Felons Get a Free Pass in the Financial Crisis? NYU Law Video w/ Neil Barofsky, Lanny Breuer, Eliot Spitzer, and Mary Jo White


Must Watch Video

by on Feb 9, 2012

Wednesday, February 8, 2012

More than three years after the one of the worst financial crises in U.S. history, the government has been severely criticized for its failure to criminally prosecute senior executives at the Wall Street banks that helped cause the meltdown. Have the feds been soft on banking execs? Are laws on the books inadequate for holding people criminally accountable? Has the Department of Justice been too timid or too intimidated by the complexity of the potential misconduct? Or is it the case that actions of the individuals who caused the crisis were potentially reckless and immoral, but not unlawful? Does the lack of prosecutions reflect a weakness in our system of justice? Or does it demonstrate the strength of a system that has resisted the political pressure to scapegoat executives who may have committed no crimes?

A panel of senior criminal justice officials, including a former New York State Attorney General, a former United States Attorney, and the current head of the Department of Justice’s criminal division, takes on these questions and more.

Panelists:
Lanny Breuer, Assistant Attorney General, U.S. Department of Justice
Eliot Spitzer, Former Governor and Attorney General for the State of New York
Mary Jo White, Partner, Debevoise & Plimpton LLP; Former U.S. Attorney for the Southern District of New York
Moderator:
Neil Barofsky, Senior Fellow, Center on the Administration of Criminal Law; Adjunct Professor, NYU School of Law

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Insight: Top Justice officials connected to mortgage banks

Insight: Top Justice officials connected to mortgage banks


As first reported on this site with some teeth: Eric Holder, Covington & Burling and MERSCORP

Now you understand why absolutely nothing is getting done. Turn who in?? Since the banksters were their clients…¿Capich?

It’s not that your the best, but who’s best connected…

REUTERS-

U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners for years at a Washington law firm that represented a Who’s Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.

The firm, Covington & Burling, is one of Washington’s biggest white shoe law firms. Law professors and other federal ethics experts said that federal conflict of interest rules required Holder and Breuer to recuse themselves from any Justice Department decisions relating to law firm clients they personally had done work for.

[REUTERS]

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