Thursday, March 31, 2011
Bankster, you have a friend in Justice
No matter how deeply you were involved in mortgage fraud, AG Holder has no intention of spoiling your ill gotten lifestyle. Those guys tending your garden and cleaning your pool are another story. If they aren't here one hundred per cent legal, they can expect the full might and majesty of the Federal Government on their little brown asses.
The TRAC group1 at Syracuse University gets information from the Justice Department under the Freedom of Information Act, then analyzes it and makes it available online as an interactive database. Here are some interesting findings:Just as in college sports the perennial powerhouse schools play a few patsies in the beginning, so it has been with the Dept of Justice. Unlike college sports, the Dept of Justice has no intention of moving up in class.
More than half of all Federal filings (54%) were for immigration crimes. Then came drug cases, at 16%. Everything else? 30%.
There have been more than 2,000 prosecutions for mortgage fraud since the federal government began tracking these actions in the 2008 fiscal year. How many of these 2,000-plus prosecutions involved the bank executives and others who were responsible for a computerized, systematized foreclosure fraud spree by the big banks? None.
Remember: The sheer number of fraudulent foreclosure activity by banks was so great that an Attorney General Task Force representing all fifty states has been formed to handle it, yet there have been no federal prosecutions of bankers. By contrast, there were more than 1,000 prosecutions after the savings and loan scandal of the 1980's, which had a much smaller financial impact.
And here's another way to look at the government's immigrant fixation: There have been more felony prosecutions for immigration under the first two years of the Obama administration than there were during the entire Presidencies of President Clinton and the first President Bush -- a period of twelve years.
No wonder other forms of crime aren't being pursued rigorously enough.
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