It’s Good – no – Great to be the CEO Running a Huge Criminal Bank

[Ichingcarpenter]

DOJ caves again to the Banksters




Every day brings multiple new scandals. At least they used to be scandals. Now they’re simply news items strained of ethical content by business journalists who see no evil, hear no evil, and speak not about evil. The Wall Street Journal, our principal U.S. financial journal ran two such stories today. The first story deals with tax evasion, and begins with this cheery (and tellingly

inaccurate)headline: “U.S. Banks to Help Authorities With Tax Evasion Probe.”

Here’s an alternative headline, drawn from the facts of the article: “Senior Officers of Goldman Sachs and Morgan Stanley Aided and Abetted Tax Fraud by Wealthiest Americans, Failed to Make Required Criminal Referrals, and Demanded Immunity from Prosecution for Themselves and the Banks before Complying with the U.S. Subpoenas: U.S. Department of Justice Caves in to Banker’s Demands Continuing its Practice of Effectively Immunizing Fraud by Most Financial Elites.”


Oh, and the feckless DOJ (again) did not require any officer who committed the felony of aiding and abetting tax fraud to resign or to repay the bonuses he “earned” through his crimes. But not to worry, the banks – not the bankers – may have to pay fines as the cost of doing their felonious business. The feckless regulators did not even require Goldman Sachs and Morgan Stanley to disclose to shareholders their participation in the program.

Best of all, the “cooperation” the banks will offer will be of vastly reduced value because under Swiss law they will not report the names or any identifying information of the wealthy U.S. taxpayers that they helped commit felonies. But not to worry says DOJ:

“’Through the program, as well as through ongoing investigations and other law enforcement tools, we are confident that we will obtain information that will lead us to account holders who have thought for too long that they can keep hiding,’” said Dena Iverson, a Justice Department spokeswoman.

And did I mention that there was an U.S. amnesty program for wealthy U.S. tax cheats who used Swiss banks to commit their felonies?


much more:


http://neweconomicperspectives.org/2014/04/good-great-ceo-running-huge-criminal-bank.html

[NBachers]

1. "Damn it feels good to be a gangsta . . ."

[blkmusclmachine]

2. Keepin' it in "THE FAMILY"

[Ichingcarpenter]

3. Yes the insiders own Justice too.

[Scuba]

4. Holder and his boss both ought to be shamed over this.