Bloomberg | Prosecutors Faulted on Failure to Charge ‘Bandits’ in U.S. Market Collapse


Prosecutors Faulted on Failure to Charge ‘Bandits’ in U.S. Market Collapse

In November 2009, Attorney General Eric Holder vowed before television cameras to prosecute those responsible for the market collapse a year earlier, saying the U.S. would be “relentless” in pursuing corporate criminals.

In the 18 months since, no senior Wall Street executive has been criminally charged, and some lawmakers are questioning whether the U.S. Justice Department has been aggressive enough after declining to bring cases against officials at American International Group Inc. (AIG) and Countrywide Financial Corp.

Prosecutions of three categories of crime that could be linked to the causes of the crisis — corporate, securities and bank fraud — declined last fiscal year by 39 percent from 2003, the period after the accounting scandals at Enron Corp. and WorldCom Inc., Justice Department records show.

Check out the rest here…

Great Job, Eric (Place) Holder…


6 Responses to “Bloomberg | Prosecutors Faulted on Failure to Charge ‘Bandits’ in U.S. Market Collapse”
  1. Readdocs says:

    Way off topic of foreclosure, but way on topic about banks. , a monetary system that has gone global. A way to utilize capitalism without ever using a bank.
    This is partly developed on the system known as, which is a local system to help boost the local economy. It is legal, and it is outside the realm of banks.

  2. housemanrob says:

    We must stop paying for these mortgages and stop doing business with these banks…………..for only until their power to pay off the cover of their crimes, has been crippled, will this deadly cancer called BANKS…………and the trolls that run them, be defeated and stricken from society. EVERYBODY MUST STOP PAYING. DO NOT FEED THE MONSTER!!

  3. Catherine Mc Manus says:

    I’ve heard the saying thousands of times-“Wheels of Justice Turn Slowly” ……
    it appears to me the “Wheels of Justice” have not even begun turning or turning a blind eye to the obvious.
    The big money people, driving all of us to destruction, have put on emergency brakes
    & removed the Wheels of Justice completely.

  4. Joe Parisi says:

    Let’s salute Ace Greenberg, nothing changes!

  5. l vent says:

    Bloomberg is on both sides of the coin. They never talk about the mortgage fraud or what they did to homeowners by bundling up good loans and bad, they forced the good loans to fail. All they talk about is how many homes are in fraudclosure and all of the distressed properties that need to be sold. FRAUDCLOSURE IS AN ILLEGAL AND UNCONSTITUTIONAL SCAM and the homes that have already been stolen need to be returned to the homeowners. These homes are paid for because of the giant PONZI SCHEME SWINDLE AND HEIST. THE U.S. GOVERNMENT MUST HOLD THESE CROOKS WHO CA– USED THIS INTENTIONAL FINANCIAL CRISIS ACCOUNTABLE AND THROW ALL OF THE WALL STREET AND BANKSTER CRIMINALS IN PRISON..THEY ARE ALL FOREIGN OWNED AND OPERATED FOREIGN MULTINATIONAL FINANCIAL TERRORISTS. THEY ARE NO MORE THAN A GIANT CABAL OF CRIMINAL FINANCIAL CYBERSCAMMERS.

  6. burythehatchet says:

    Well when you hire a former RNC lawyer to be your “Attorney” General, you are likely to be disappointed is you wish to prosecute white collar crime.

    Eric Holder is worth less than the shit on the bottom of my shoe.

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