General Discussion
In reply to the discussion: I sure as hell won't miss the Holder Doctrine [View all]joshcryer
(62,265 posts)Birkenfeld was the only one to come forward, mainly because it was an IRS case and he got $100 million for doing it (IRS rewards whistleblowers a huge chunk of whatever money is collected in tax evasion cases). Otherwise the rewards are small and few find it in their interest to come forward, since it likely means jail time. The current reward for blowing the whistle on the bankers is $1.6 million. What banker or high level guy is going to come forward for that? It's nothing.
The DOJ is still currently investigating the bankers but as time goes on the evidence becomes more diffuse. Then there's the fact that most of the judges currently around are Bush appointees. So Holder has a huge uphill battle. We're talking about a court case that would last a decade or more (look at how long Enron took to prosecute, and there was ample evidence in that case).
Basically it's a diversion.