I have a better idea than being a Keynesian profligate. How about Obama's corrupt administration start prosecuting the criminals instead of getting in bed with them? Remember Corzine? Why is that man still free after stealing $2B in customer funds? Why? Because he was an Obama donor and a client of Holder's law firm. Exactly how corrupt is Obama's Administration? No wonder they aren't prosecuting the criminal banksters. Obama's people are bought and paid for by the banksters. Geithner's another one. Geithner knew of the LIBOR manipulation and did NOT do one damned thing to uphold his fiduciary duty to the American people to report the criminal activities to the proper authorities for further action. In effect, he covered up his knowledge of the manipulation making him an accessory. Who else is corrupt in Obama's Administration?
You've said Obama's Administration is competent. The truth is they are corrupt and they are criminals.
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No justice in Corzine case
Cronyism is preventing prosecution
washingtontimes.com
One of the most glaring examples of the cronyism that has ground the process to a halt can be seen in the lack of any real action against former MF Global chief Jon Corzine.
Sixty-five members of Congress have signed a letter to Attorney General Eric H. Holder Jr. requesting that he appoint a special prosecutor to investigate MF Global’s collapse and the loss of $1.6 billion in customer money. As the New York Times has noted, “ Mr. Holder has the ultimate authority to decide whether a special counsel is necessary.”
Some contend that the fact that Mr. Holder, Mr. Corzine and Associate Attorney General Tony West all previously served as fundraising “bundlers” for President Obama’s presidential campaign is enough to warrant Mr. Holder’s recusal and the appointment of a special prosecutor. Indeed, a letter signed by 65 members of Congress cites Mr. Corzine’s $500,000 in fundraising for Mr. Obama as one of the reasons a special counsel is needed. A subsequent report by Bloombergrevealed that MF Global had written clauses into bond offerings indicating that Mr. Corzine, a former Democratic U.S. senator and governor of New Jersey, might join a future Obama administration as a Cabinet officer, a revelation that surprised even experienced Wall Street executives.
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First, the Government Accountability Institute has discovered that prior to going bankrupt, MF Global was a client of Mr. Holder’s former law firm, Covington & Burling. It is unclear how long Covington & Burling represented MF Global. However, records reveal that MF Global owed Covington & Burling $114,275.55 “for services rendered prior to Oct. 31, 2011,” the date MF Global filed for bankruptcy protection. Furthermore, this connection is complicated by the fact that the head of Justice’s criminal division, Assistant Attorney General Lanny Breuer, also hailed from Covington & Burling.
What’s more, Associate Attorney General Tony West, who helped raise an estimated $65 million in his role as the co-chairman of Mr. Obama’s campaign, came to the Department of Justice from Morrison & Foerster. The problem: MF Global’s trustee for the Chapter 11 bankruptcy has retained Morrison & Foerster as its general bankruptcy counsel.
Second, the trustee overseeing MF Global’s bankruptcy is former FBI Director Louis Freeh. During Mr. Holder’s 2009 Senate confirmation hearing, Mr. Freeh appeared as a witness testifying on Mr. Holder’s behalf. While Mr. Freeh stated that the two men shared no “social relationship,” the former FBI director praised the legal work Mr. Holderdid for him when Mr. Freeh, then the general counsel for MBNA Bank in Wilmington, Del., retained Mr. Holder to represent MBNA Bank. “As general counsel, I could have engaged any lawyer in America to represent our bank,” Mr. Freeh said. “I chose Eric.” |
