Newsweek has published an interesting and very telling investigative story that reveals that despite a lot of fanfare about the creation of a massive task force to probe and prosecute financial fraud, Eric Holder's Justice Department has little to show after nearly four years.
The story also raises important questions about whether the lack of prosecutions has any link to the fact that Holder has ties a top-tier law firm that represents some of the big financial institutions.
In fact, criminal prosecutions in the financial sector are at a 20-year low. The fact is there's been virtually no criminal prosecutions at all regarding the top financial institutions responsible for the economic collapse. As Newsweek reports, "there has not been a single criminal charge filed by the federal government against any top executive of the elite financial institutions."
On America's Newsroom on FOX today, I told Martha MacCallum what's taking place in the Justice Department really represents the politics of prosecution. The Obama Administration set-up an entire team and the fact is nothing has happened of any significance. You can watch the interview here.
Another interesting fact from the Newsweek article: in 2008, then-candidate Obama raised some $16 million from Wall Street, far outpacing any of the other candidates when it came to campaign support from the financial sector.
That fact - and lack of prosecutions - has not gone unnoticed by many, including Phil Angelides, the Democratic former California treasurer who chaired the bipartisan Financial Crisis Inquiry Commission. He told Newsweek: "It's perplexing at best. It's deeply troubling at worst."
Here we go again! The Obama Administration just can’t seem to admit that the attack by a radicalized Muslim Army major that killed and injured dozens at Fort Hood, Texas, constituted a combat situation equivalent to combat situations elsewhere in the world. As you will doubtless recall, the...
A federal court in Texas has once again vindicated the U.S. Constitution, the rule of law, and the separation of powers against President Obama’s Executive overreach on immigration. The court agreed with our argument in our amicus brief on behalf of over 158,000 Americans that President Obama’s...
Yesterday, the International Criminal Court “ welcomed ” Palestine as a “State Party” to the Rome Statute, the international treaty governing the ICC. Most of the coverage focused on the implications for Israel, as the PA has declared its intentions to file complaints against Israel for its conduct...
In just the last few weeks and months, we’ve secured some major victories for faith and freedom. Your continued support makes this possible. By signing petitions, joining letters, and adding your name to briefs, you are defending the Constitution, protecting lives, and fighting for the persecuted.