3 ms·
> The interests are totally aligned for the DOJ Are they? Eric Holder in 1999: "Prosecutors may consider the collateral consequences of a corporate criminal
by chishaku 10y ago
> The interests are totally aligned for the DOJ
Are they?
Eric Holder in 1999:
"Prosecutors may consider the collateral consequences of a corporate criminal conviction in determining whether to charge the corporation with a criminal offense. Virtually every conviction of a corporation, like virtually every conviction of an individual, will have an impact on innocent third parties." [0]
Eric Holder in 2013:
"I am concerned that the size of some of these institutions becomes so large that it does become difficult to prosecute them." [0]
> if we had the evidence
In reference to Goldman/SEC settlement over Abacus:
"Nor had they questioned top bankers in Goldman’s mortgage businesses or any of the bank’s senior executives. Even more surprising to Kidney, the agency had not taken testimony from John Paulson, the key figure at his eponymous hedge fund." [1]
An investigator that doesn't ask questions will have a hard time finding evidence.
[0]: http://www.bloomberg.com/news/articles/2014-09-25/wall-street-banks-and-their-critics-were-disappointed-in-eric-holder http://www.bloomberg.com/news/articles/2014-09-25/wall-stree...
[1]: http://www.newyorker.com/business/currency/why-the-s-e-c-didnt-hit-goldman-sachs-harder http://www.newyorker.com/business/currency/why-the-s-e-c-did...
- imglorp 10y ago> every conviction of a corporation [...] will have an impact on innocent third parties" Well there's your problem right there! Leave the corporations alone, along with most of the innocent shareholders and employees. Charge only the criminals as individuals, on up to the CEO. Jail, big fines, asset seizures. That would clear things up very quickly.