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."
Yesterday, hardworking Americans who are often highly disdained by the global elites who populate leading academic centers, were treated to a lecture by four legal scholars. As a former law professor of advanced constitutional law, allow me to share my perspective on yesterday’s events. While it is...
The House Democrats put forward the rules for an impeachment inquiry. Surrender your constitutional rights and maybe you can speak. On today’s Jay Sekulow Live we discussed the rules that are contained in the impeachment inquiry resolution that the House is going to vote on tomorrow. On Fox News,
The fourth Democrat Presidential debate takes place tonight in Westerville, Ohio at Otterbein University and there are questions the candidates NEED to answer. On today’s Jay Sekulow Live we previewed the Democrat Presidential debate that will be moderated by CNN anchors Erin Burnett and Anderson...
It’s outrageous. Chairman of the House Intelligence Committee “Shifty” Adam Schiff now says that whistleblower testimony is NOT NEEDED to impeach the President. On today’s Jay Sekulow Live we discussed Rep. Adam Schiff’s comments on Face the Nation stating the whistleblower does not need to testify...