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Post by Eric Holder on Aug 10, 2012 8:24:18 GMT -8
DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe By Jason Ryan | ABC OTUS News – 15 hrs ago The Justice Department has decided it will not prosecute Goldman Sachs or its employees for their role in the financial crisis, following an investigation by senators Carl Levin (D-MI) and Tom Coburn (R-OK). The congressional investigation found problems with the credit rating agencies and poor oversight from regulators, and highlighted abuses by Goldman Sachs and other large investment banks. Senator Levin sent a formal referral to the Justice Department for a criminal investigation in April 2011. The investigative report by the Senate's Permanent Subcommittee on Investigations, chaired by Levin, found that Goldman Sachs "used net short positions to benefit from the downturn in the mortgage market, and designed, marketed, and sold CDOs in ways that created conflicts of interest with the firm's clients and at times led to the bank's profiting from the same products that caused substantial losses for its clients." A statement from the Justice Department issued late on Thursday evening noted, "Based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees in regard to the allegations set forth in the report." news.yahoo.com/doj-not-prosecute-goldman-sachs-financial-crisis-probe-003911643--abc-news-politics.html
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Post by clone on Nov 2, 2012 21:59:45 GMT -8
Attorney General Holder: Admit Your Failures The Department of Justice (DOJ) has failed miserably in issuing timely decisions for FBI whistleblowers. Jane Turner and Robert Kobus’ whistleblowers cases have been pending for over 10 years and 5 years, respectively. Yesterday, Senator Grassley again called out the DOJ’s failure to protect FBI whistleblowers, and questioned their “willingness” to follow the law. TAKE ACTION! Demand that the DOJ issue final decisions for Turner and Kobus --->> Ironically, under the new Presidential Policy Directive for national security whistleblowers, the DOJ would review the effectiveness of its own broken whistleblower procedures. Senator Grassley requested that Attorney General Holder relinquish control over review of the FBI whistleblower process to the DOJ’s Inspector General. This would ensure that the review is objective and would allow the Attorney General’s office to focus its resources on closing long pending cases. TAKE ACTION! Stop the DOJ from reviewing its own broken whistleblower process FBI whistleblowers should not have to wait over 10 years to have their case decided. It not only harms the whistleblower whose case is in limbo, but also discourages every other FBI employee from coming forward. The Attorney General must take immediate action to correct this injustice. action.whistleblowers.org/p/dia/action/public/index.sjs?action_KEY=8730
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Post by clone on Apr 14, 2013 20:32:58 GMT -8
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Post by asst s heymann on Jan 13, 2014 23:07:23 GMT -8
Cornyn takes lead in again pushing Eric Holder on prosecution of Aaron Swartz 11:40 am on January 11, 2014 One of his campaigns was to open up federal court records for free. John Cornyn is emerging as one of the top voices in Washington demanding answers from the Department of Justice over its prosecution of the late computer hacker Aaron Swartz, who killed himself in his Brooklyn apartment a year ago today. Cornyn sent a letter to Attorney General Eric Holder late Friday demanding more answers about the department’s two-year pursuit of federal charges against Swartz, who had downloaded 4 million documents from an academic database at MIT, planning to make them available for free on the Internet. Cornyn has said that that DOJ’s insistence on seeking a 35-year sentence and a $1 million fine appeared extreme. He was the first member of Congress to send a letter demanding answers, just a week after Swartz’s death last year. Cornyn’s letter from Friday, signed by a handful of other members of Congress, says Holder’s response to previous questions about the appropriateness of the prosecution has been unsatisfactory. In particular, it notes that a report by MIT revealed last year that the decision to escalate the case by DOJ prosecutors was fueled in part by anger by the DOJ over an online declaration of support for Swartz by an internet activist group he had helped found — something the Department of Justice had denied. trailblazersblog.dallasnews.com/2014/01/cornyn-takes-lead-in-again-pushing-eric-holder-on-prosecution-of-aaron-swartz.html/======================================================= Members Of Congress Ask Eric Holder To Try Again In His Explanation Of The Prosecution Of Aaron Swartz from the this-time,-with-some-reality-involved dept Legal Issues Fri, Jan 10th 2014 7:39pm Tomorrow is the anniversary of the unfortunate passing of Aaron Swartz. Senators John Cornyn and Al Franken, along with Rep. Darryl Issa, have now sent Attorney General Eric Holder yet another request for an explanation concerning the investigation and prosecution of Swartz. This follows on a similar request from last year, but these elected officials note both that the DOJ's response was inadequate, and that it was also contradicted by the eventual report on the prosecution that came out of MIT. The MIT Report indicates that Assistant U.S. Attorney Stephen Heymann considered other factors in advance of the return of the superseding indictment. He told MIT that "the straw that broke the camel's back" was an internet webpage soliciting signatures on Mr. Swartz's behalf by Demand Progress, an activist group founded by Mr. Swartz. Full letter www.techdirt.com/articles/20140110/14303725839/members-congress-ask-eric-holder-to-try-again-his-explanation-prosecution-aaron-swartz.shtml
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Post by MERS on Jan 5, 2016 18:29:46 GMT -8
Well, fuck. "practically no law firm has done more to protect Wall Street executives from the consequences of their criminal activities than Covington & Burling. Their roster of clients includes every mega-bank in America: JPMorgan Chase, Wells Fargo, Citigroup, Bank of America." www.salon.com/2015/07/07/why_eric_holders_new_job_is_an_insult_to_the_american_public/***************** <snip> You could actually make a plausible argument that Covington & Burling bears responsibility for the Great Recession: In the late 1990s, Covington lawyers drafted the legal justification for MERS, the private electronic database that facilitated mortgage-backed securities trading. MERS saved banks from having to submit documents and fees with county land recording offices each time they transferred mortgages. So it’s unlikely you would have seen mortgage securitization at such a high volume without MERS, and by proxy, without those legal opinions. Of course, securitization drove subprime lending, the housing bubble, its eventual crash and the financial meltdown that followed. Though evidence pointed to MERS’ implication in the mass document fraud scandal that infected the foreclosure process, former Covington lawyer Holder never prosecuted them, and now he’s back with the old team.
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