Must Read Frontline Interview: Lanny Breuer – Financial Fraud Has Not Gone Unpunished

Lanny Breuer

Lanny Breuer: Financial Fraud Has Not Gone Unpunished

Lanny Breuer serves as assistant attorney general for the Department of Justice’s Criminal Division. He told FRONTLINE that when fraud from the financial crisis has been detected, the Department of Justice has pursued charges. “But when we cannot prove beyond a reasonable doubt that there was criminal intent, then we have a constitutional duty not to bring those cases,” Breuer said. This is the edited transcript of an interview conducted on Nov. 30, 2012.

In September 2009, you met with Sen. Ted Kaufman [D-Del.] and his staff, and they asked you what you were doing. They were concerned that you were not being aggressive enough. How did you respond to them?

Sen. Kaufman and I had a great partnership, and I visited with Sen. Kaufman repeatedly. And what I told the senator was that we were going to aggressively investigate cases. And that’s exactly what we’ve done.

If you look at the [financier Allen] Stanford case, the [mortgage lender Lee] Farkas Colonial Bank case and the thousands of cases around the country and mortgage security fraud that we’ve brought, I think I did exactly what I promised Sen. Kaufman we were going to do.

Kaufman, in the first oversight hearing, asked you, “Why aren’t we seeing more boardroom prosecutions?” And you responded that “We’re bringing the cases, but it will take a long time. But they will be brought.” It’s been four years. There have been no such prosecutions. What did you mean by it would take a long time?

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Comments
7 Responses to “Must Read Frontline Interview: Lanny Breuer – Financial Fraud Has Not Gone Unpunished”
  1. Fury says:

    of course lanny breuer would claim that fraudsters have been punished.
    it’s his job to punish them and he has failed miserably at it.

    i agree – replace lanny with bill black.
    someone who knows what he is doing and will punish the banking criminals
    and get full restitution for the victims of their fraud.

  2. charley rice says:

    Forget about them, the PEOPLE have to put them ALL ON NOTICE that they all CONSPIRED, and ALL SHERIFF AND POLICE must STAND DOWN so the PEOPLE can RECLAIM THEIR HOMES NOW!!!

  3. keepon says:

    Time for him to give his job up to somebody WHO KNOWs HOW TO DO IT! Bill Black. Elliot Spitzer. Neil Barofsky. Do your job, or, get-out-the-way!

  4. keepon says:

    Here’s my problem with Lanny whining that it’s really tough to bring criminal actions- sooo hard to prove: HE CAN FIND CRIMINAL NOWHERE! Foreclosure, Blankfein, Dimon, HSBC, MF Global- NOwhere. Isn’t that an odd thing?

  5. Sarah says:

    Lanny is a careerist who protects banksters, since he alledges the “sky would fall” if he were to do his job and prosecute the “untouchables”. The Justice Department has no problem filling our prisons and leading the world in doing so.
    Holder and crew have completely refused, and protected, and issued statements that basically state one set of rules for Wall Street, another draconian set for you. Why not? Wall Street drones fill seats in Obama’s administration. This glaring destruction of trust is ongoing. It’s almost a daily outrage. If PBS gets the common folks blood up, this could be a good thing. For everyone else, this is old news.

  6. c.l.p.a.g. Chris says:

    Was NOT this the specific very SAME: NO Ba’al LYING AHtorn-ey; from FAST and FURIOUS?

    We presume to assume: his alleged CREDIBILITY, to be the precise same type as pagan man god Black Robed high demon Priest Kult’s: Eat Meat on Friday: None?
    Mere hypothecated frivolous Pseudo-Psycho-BaBa’al hearsay, unsupported by fact law or evidence, Maybe his Nose will start to grow to?

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