Just as I had begun to think that my rantings on here about this Justice Department appearing to be unusually corrupt were the ravings of a lonely man, along comes no less a liberal organ than the Daily Beast - and sister Newsweek - with a lengthy story explaining just that. How a Justice Department that will indict any American for nearly any crime - no matter how far flung from a federal nexus - hasn't indicted a single individual responsible for causing the Great Recession, has remained a nagging question to many over the last three and a half years.
Moreover, as I have written, Bush I devoted enormous prosecutorial resources to the S&L scandal (with over 1,000 prosecutions) and Bush II devoted hundreds of FBI agents to investigating just one company, Enron. But the Holder Justice Dept. has managed to produce no indictments with what we all thought were teams and teams of agents working on this. Not to mention the numerous task forces created by Obama on this very issue. According to the Daily Beast we were wrong about that, no one is working on this. Furthermore, financial fraud prosecutions at DOJ are at a 20-year low. The piece's authors offer up concrete reasons for just why this is.
Chief among them is our old friend Goldman Sachs. It seems that the top levels of Justice are staffed by former partners from white shoe law firms that have had extensive dealings with Wall Street as clients - especially Goldman. They also reveal the extent to which many of these officials had been huge Obama campaign bundlers. To a degree previously unheard of for DOJ appointees. It goes without saying that we have in our nominee, Mitt Romney, a man who is uniquely ill positioned to exploit this. D'oh!
It's only too bad that Newsweek found fat babies more of a compelling cover story than a corrupt DOJ.
Here's the story in full written by Peter J. Boyer and Peter Schweizer: Daily Beast: Why Obama Can't Bring Wall St to Justice
Russell Harding
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