GOVERNMENT WON'T PROSECUTE GOLDMAN SACHS IN PROBE

[xchrom]

http://hosted.ap.org/dynamic/stories/U/US_JUSTICE_GOLDMAN_SACHS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-08-09-23-05-36

WASHINGTON (AP) -- The Justice Department said Thursday it won't prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe.

In a written statement, the department said it conducted an exhaustive investigation of allegations brought to light by a Senate panel investigating the 2008-2009 financial crisis.

"The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time," the department said.

But the department added that if additional or new evidence were to emerge, it could reach a different conclusion about prosecuting Goldman.

A Senate subcommittee chaired by Sen. Carl Levin, D-Mich., in April 2011 found that Goldman marketed four sets of complex mortgage securities to banks and other investors but that the firm failed to tell clients that the securities were very risky. The Senate panel said Goldman secretly bet against the investors' positions and deceived the investors about its own positions to shift risk from its balance sheet to theirs.

[Le Taz Hot]

1. But they sure as hell

can prosecute owners of medical marijuana dispensaries!

This administration knows which side it's bread is buttered on. This is something I'd expect from a Republican administration and sadly, something I've now come to expect from a Democratic administration.

Meet the new boss. Same as the old boss.

[myrna minx]

2. Why would they pursuit the same people to brought the United States' economy to its knees when

Last edited Fri Aug 10, 2012, 10:21 AM - Edit history (1)

there's artesian cheese makers and medical marijuana dispensaries to pursuit! Priorities people!

[indepat]

30. We must keep our national priorities in order

[nanabugg]

3. Change the damn law then!!! Money banksters control our government. nt

[mia]

4. Ex-Goldman Programmer Is Arrested Again

The legal odyssey of a former Goldman Sachs programmer, Sergey Aleynikov, took a surprising turn on Thursday when the Manhattan district attorney charged him with state crimes.

Mr. Aleynikov was charged in state court less than six months after a federal appeals court overturned his conviction on federal criminal charges that he stole secret source code from Goldman’s computers.

While the case involved a relatively low-level ex-employee at a financial firm, the government has taken a particularly hard line. The district attorney, Cyrus R. Vance Jr., and Preet Bharara, the United States attorney in Manhattan, have made the prosecution of corporate espionage and high-tech theft a top priority.


“This code is so highly confidential that it is known in the industry as the firm’s ‘secret sauce,’ ” Mr. Vance said Thursday in a statement. “Employees who exploit their access to sensitive information should expect to face criminal prosecution in New York State.”

http://dealbook.nytimes.com/2012/08/09/ex-goldman-programmer-is-arrested-again/

[WCGreen]

5. Well, given that most of the Treasury Secretary's come from GS or other Wall Street BAnks....

what were we expecting...

[1-Old-Man]

6. You read this and its no wonder that the Republicans may win the election

I'm not saying that the Republicans would do any different, but then if there's no difference why vote for Democrats? Holder is the greatest failure of the Obama Administration, and it very well may come back to bite the President in the ass, making him a 1-term-President.

[Hydra]

32. Sadly, while selective enforcement SHOULD cost one an election

It's becoming the new normal.

Hell, torture and assassination are supposed to be normal now "If the President does it."

I hate the fact that we are presented with choices: 1. Deadly 2. DeadliER

[Junkdrawer]

7. Did anyone think they would prosecute themselves?

Captured.

[liam_laddie]

8. Is a civil suit possible?

Any attorneys out there in DU-land have an opinion on this? GS must be punished!!

[railsback]

9. How do you prosecute something that was basically NOT illegal?

Everything got deregulated. Glass Steagall was repealed. The financials were given a free ticket to ride. The only thing we can do is regulate the hell out of them. LIBOR, on the other hand, is far more easily prosecutable.

[aquart]

11. First make theft legal. Then steal with both hands.

[Junkdrawer]

12. Catch a thief, refuse to prosecute, and the FIRST thing they do is turn OFF the burglar alarms...

Has anyone here raised a teenager?

[Egalitarian Thug]

18. Or, steal with both hands (and a forklift), use a tiny fraction of the proceeds to buy

the legalization of your theft and stuff the enforcing agencies with your goons, bring in the front-end loader.

[aquart]

38. Damn, I forgot the forklift.

[railsback]

21. Theft WAS made legal

[uponit7771]

15. Right that and the Bush admin deal with ceos to go light on them in regards to SOX

[midnight]

26. I bet an attorney could cook up some charges...

[just1voice]

37. nothing illegal, LMFAO! Start your education with Matt Taibbi

Read some of his numerous articles. Then there's the 1000s of whistle blowers, I guess they're all just lying huh?

LOL.

[aquart]

10. I want a mummy's curse on those greedy bastards.

I want them destroyed by the very things they buy with their bonuses.

I WANT TO FEEL THAT GOD IS ON THIS.

[meow2u3]

25. Where are the santeria and voodoo practitioners when we need them?

We can use a spell against the banksters.

[99Forever]

13. Hooray for white collar crime!

Way to go Holder & Co.


Tell us again about Willard being a greedy asshole.

[Javaman]

14. Wonderful! nothing like making sure this all happens again. kicking the can down the road. nt

[edhopper]

16. This is one area

that is a great failure of the Obama Administration.
The ramifications of letting all these people go unpunished will be felt for decades.

[Canuckistanian]

17. Holder.

Again.

[Zorra]

19. Wall St. has it's own band.

Big Brother and the Holder Company.

[Comrade_McKenzie]

20. Sad day for American justice. nt

[woo me with science]

22. IS ANYBODY IN THE LEAST BIT FUCKING SURPRISED?

Is the problem clear now?

Have we had enough yet?

[woo me with science]

23. kick

[meow2u3]

24. It's official. Goldman Sachs really did buy the government

Between loopholes in the law and the blackmail of the government officials, the only remedy to mete out justice is too drastic and illegal to post.

[midnight]

27. Not only did they do that, but they are now investing in our local jail and legal systems...

[DeSwiss]

28. ''Missed it by thiiiisssss much!''

- K&R

[tularetom]

29. This is why I didn't get particularly pissed off

when the republicans in the house passed their silly ass contempt resolution against Holder.

I used to think Rahm Emanuel was the worst appointment Obama ever made but I think I was being unfair to him.

Won't prosecute Wall Street crooks, won't go after the war criminals from the bush administration, won't do anything about the voter suppression measures enacted to get his boss voted out of office.

But he sure has time to go after every medical marijuana dispenser he can find.

If Obama gets reelected he needs to throw this POS overboard first thing. I guess it's too late to do anything about him in this term.

[Egalitarian Thug]

39. Agreed with everything. But don't forget who it is that's making these appointments.

When he announced his transition team, I worried. When he retained Bernanke I knew my worry was more than justified.

[woo me with science]

31. kick

[fascisthunter]

33. Unites States of Goldman Sacks

[upi402]

34. USAccomplices

complicit

[sarcasmo]

35. Can't prosecute the boss.

[just1voice]

36. What a loser/fraud/criminal supporter Holder is

With 100s and sometimes 1000s of whistle blowers with mountains of evidence the corrupt AG still refuses to prosecute any of the criminals.