Federal Judge Slams DoJ for Not Prosecuting Wall Street Execs

[unhappycamper]

http://www.commondreams.org/headline/2013/11/14-4



The "'too big to jail excuse' is mindboggling in what it says about the department's disregard of fundamental legal principles," said Rakoff

Federal Judge Slams DoJ for Not Prosecuting Wall Street Execs
- Andrea Germanos, staff writer
Published on Thursday, November 14, 2013 by Common Dreams

A federal judge with a history of slamming the regulatory system issued scathing remarks against the Department of Justice on Tuesday for allowing Wall Street executives to escape criminal prosecutions.

Speaking at an event hosted by the New York City Bar Association on Tuesday, U.S. District Judge Jed Rakoff of Manhattan said the DoJ's "unconvincing" excuses for not prosecuting individuals were "technically and morally suspect."

&quot Not( a single high level executive has been successfully prosecuted in connection with the recent financial crisis, and given the fact that most of the relevant criminal provisions are governed by a five-year statute of limitations, it appears very likely that none will be," Rakoff said.

While the DoJ has not said that all the top executives are innocent in the lead-up to the financial crisis, it "has offered one or another excuse for not criminally prosecuting them—excuses that, on inspection, appear unconvincing,” the Financial Times reports Judge Rakoff as saying.

[Demeter]

1. Rakoff is positively heroic

Honesty is the scarcest public virtue.

[idwiyo]

2. k&r

[Turbineguy]

3. Oh, so now we know why

republicans want to impeach Holder!