United States District Judge Jed Rakoff has given a scathing rebuke to US Attorney General Eric Holder’s Too Big To Jail rationale for not prosecuting crimes committed by Wall Street banks and executives. Judge Rakoff, in a speech before the New York Bar Association, labeled Holder’s view on Wall Street and rich Wall Street executives as ‘disturbing.
Friday, November 15th, 2013
Federal Judge Claims DOJ Disregards Equality Under Law With Wall Street
Author: D.S. Wright
Source: Firedoglake
Publication Date: Wednesday November 13, 2013 8:08 am
Link: Federal Judge Claims DOJ Disregards Equality Under Law With Wall Street
Source: Firedoglake
Publication Date: Wednesday November 13, 2013 8:08 am
Link: Federal Judge Claims DOJ Disregards Equality Under Law With Wall Street
Stephan: I have never been a fan of Barack Obama. I voted for him twice because as bad as he was he was marginally more compassionate and life-affirming than his opposition. But on balance I think history is going to see him as a terrible President, not least because it is under his administration that the vampire capitalism that began with Reagan has come into full flower. One of the signs of this is the abject failure of the Obama Administration to really prosecute the crooks in the financial industry. This story is amazing because it is one of the few times in my life when a judge has scolded the Administration for its failure to prosecute crooks.