FBI Complains that Sequestration Cuts will Hinder its Snail’s-Paced Wall Street Investigations
Five years after Wall Street nearly melted down, the Federal Bureau of Investigation (FBI) has failed to nab a single executive responsible for the financial crisis. Somehow, though, budget cuts stemming from sequestration are going to jeopardize the FBI’s lack of productivity in bringing people to justice.
Like other federal agencies, the FBI has warned lawmakers in Congress that sequestration is really going to harm their operations, specifically their pursuit of financial crimes.
Sequestration “will cause current financial crimes investigations to slow as workload is spread among a reduced workforce. In some instances, such delays could affect the timely interviews of witnesses and collection of evidence,” the FBI wrote to members of Congress recently.
This argument has provoked derisive responses from some observers who find it appalling the FBI could blame draconian budget cuts that have yet to really kick in for the agency’s failure to indict Wall Street leaders.
http://www.allgov.com/news/top-stories/fbi-complains-that-sequestration-cuts-will-hinder-its-snails-paced-wall-street-investigations-130307?news=849352
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