BANKSTERS’ CRIMINAL IMPRISONMENT PREVENTED AND CRIMINALS WERE PROTECTED BY ERIC HOLDER CRIMES OF OMMISSION

BANKSTERS’ CRIMINAL IMPRISONMENT PREVENTED AND CRIMINALS WERE PROTECTED BY ERIC HOLDER CRIMES OF OMMISSION –  HOLDER FINALLY FOLLOWED LANNY BREUER OUT THE DOOR!

After Eric Holder Resigns, A Look at His Record on Bank Prosecutions – Interview with Bill Black, Famous Financial Regulator, on The Real News Network – Sept 26, 2014

“Forgive me, I must start by pointing out that three years after a H0RRlFlC FlNANClAL CRlSlS caused by fraud, not a singIe FlNANClAL EXECUTlVE has gone to JAlL — and that’s wrong,”

— CharIes H. FERGUS0N as he accepts his 0scar for lnside J0B February 27, 2011 receiving cheers from the crowd.

ERlC HOLDER and Lanny Breuer, head of the DOJ’s CRlMlNAL division, were partners for years at a Washington law firm that represented a Who’s Who of big banks and other companies at the center of FORECLOSURE fraud. SOURCE: Reuters

While HOLDER and Breuer were partners at COVlNGTON, the firm’s cIients included the four largest U.S. banks – BoA, ClTlGROUP, JPM, and WeIIs – as well as at least one other bank that is among the 1O largest MORTGAGE servicers. GOOGLE: Top Justice officials connected to MORTGAGE banks paltrow

Click for Interview Video and text of Bill Black on The Real News Network

Holder’s legacy = PROTECT “too big to fail” and “too big to jail” Bank Criminals

William K. Black, author of The Best Way to Rob a Bank is to Own One, is a Professor in economics and law at the University of Missouri Kansas City (UMKC). During the Savings and Loan Scandal Black he Prosecuted and Convicted 1,100 Financial Criminals.

WlLLlAM BIack- “70”-Times Worse Than S&L FRAUD: 11,OOO WHlTE-COLLAR PROSECUTlONS

He was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco. Black developed the concept of “control fraud” frauds in which the CEO or head of state uses the entity as a “weapon.” Control frauds cause greater financial losses than all other forms of property crime combined.

SHARMINI PERIES, EXEC. PRODUCER, TRNN: Resignation of Attorney General Eric Holder whose track record after 2008 Financial Crisis is less a BIG ZERO. Plus Holder’s war on whistleblowers on white-collar crime is so damaging to Democracy.

BILL BLACK, ASSOC. PROF. ECONOMICS AND LAW, UMKC: Holder’s war on whistleblowers and complete strategic failure in the history of the Department of Justice, which I once worked at, against elite white-collar crime epidemics. Holder surprised me by NOT bring at least one token case to prosecute some bank senior executive for crimes that led to the creation of the financial crisis and the global Great Recession. He’s actually going to leave without even a token conviction, or even a token effort at convicting. In baseball terms, he struck out every time, batting 0.000 by never taking a single swing in 6 YEARS.

BLACK: Holder hasn’t done the most elementary things required by DOJ on White-Collar Crimes. = Never reestablished a criminal referral process from the banking regulatory agencies, who do widescale criminal referrals against bank CEOs = We know Banks won’t make criminal referrals against their own CEOs. Amazingly, Holder NEVER reestablished that criminal referral process in a single email on the first day in office to his counterparts in the banking regulatory agencies, and he’s going to leave never having attempted to do so.
BLACK: Added to that amazing incompetence or collusion of NOT having criminal referrals from the agencies, he wiped out Whistleblowers which are the only other conceivable way you’re going to learn about elitists criminal misconduct. Holder and Obama are known for their vicious war against whistleblowers.

BLACK: The public doesn’t know that the three biggest bank cases with NOT a single prosecution of elitist bankers at Citicorp, JPM, and Bank of America, were made possible by whistleblowers. But Eric Holder, Head of Department of Justice at press conferences in each of these three cases never mentioned the role of the whistleblowers and never used those press conferences as a forum for asking whistleblowers to come forward. A Frontline special on this made clear that dozens of whistleblowers came forward, and each of them had the same story: the Department of Justice had never contacted them.

“In reaching every charging decision, we must take into account the effect of an indictment on innocent employees and shareholders, just as we must take into account the nature of the CRlMES committed and the pervasiveness of the misconduct.  I personally feel that it’s my duty to consider whether individual employees with no responsibility for, or knowledge of, misconduct committed by others in the same company are going to lose their livelihood if we indict the corporation.  In large multi-national companies, the jobs of tens of thousands of employees can be at stake.  And, in some cases, the health of an industry or the markets are a real factor.  Those are the kinds of considerations in WHlTE-COLLAR CRlME cases that literally keep me up at night, and which must play a role in responsible enforcement.”

— LANNY BREUER – WALL STREET PUPPET LIKE HOLDER AND WORKING FOR HOLDER IN DOJ

BLACK: Holder NEVER went after the big guys or small White-Collar CEOs. Elitist CEOs of Big Banks caused far greater damage, but Holders NEVER went after all these CEOs of smaller mortgage banks who are not prestigious or politically powerful = NO prosecution of any of them. He did prosecute several hundred mice. = “Holder was chasing mice while lions roam the campsite.”

BLACK: Holder’s most disgraceful point is that he insists mortgage fraud is largely an ethnic crime by ethnic groups, like Russian Americans. A 100% LIE and an obscenity by DOJ which is charged with preventing this kind of discrimination. Not only is DOJ and FBI spreading this absolute lie about ethnic guilt, but they’re following through with disproportionate prosecutions of disfavored minorities = Particularl evil and disgusting thing that will be on the tombstone of Eric Holder when historians write about him.
PERIES: Biggest failures of Holder is he refused to go after the big banks, and very quick negotiated settlements instead of prosecutions.

BLACK: Holder’s negotiating strategy ensured that top bankers had to win the negotiations. They came into the negotiations knowing Holder believed in too-big-to-fail and too-big-to-jail. And that means that, by definition, any civil fine cannot be all that serious compared to the size of the institution, because they’re scared to death of doing anything that could render the capital of that bank insufficient. So you know the fine is going to sound large, but it’s going to be small relative to your capital and no big problem.

BLACK: CEOs know to protect themselves they have to take care of the little people, because if they start pleading guilty, then they seek deals with the prosecutors in which they get immunity and they rat out people above them, and that could eventually lead to you. So you want to make sure not only that you don’t get prosecuted; you want to make sure that even low-level officers don’t get prosecuted. And with Holder being primarily interested in dollar size, he was quite willing to trade off. So you’re the CEO. You control the corporation. And you can trade off a slightly larger fine for complete immunity from prosecution, not only from you, but all of the officers. That makes sure you don’t get prosecuted.

BLACK: Holder prevented US GOV from doing what we call claw back of Bonuses and other Income to STOP fraud. So LOSSES NEVER goes to the bank or shareholders or CEO or senior officers, but THE AMERICAN MIDDLE CLASS IS LEFT HOLDING THE BAG.

BLACK: Holder and DOJ declare victory from FRACTIONAL FINES on FELONS AND SERIOUS CRIMINALS. The market and OTHER CRIMINALS says, great and the share price of these banks increases immediately after they announce their settlements. FACT is Holder gave away hhis RESPONSIBILITY AND MIDDLE CLASS MONEY AND SAFETY to CRIMINALS. Americans + US GOV have been skinned alive by Holder’s negotiations that THE CRIMINALS RUN FREE WITH A “SMALL COST OF DOINGG FRAUD” Fine. 99+% of Americans have been played for a fool very by Holder and top bankster Criminals.

BLACK: Shareholders were also SHAFTED because these fraud schemes largely steal from shareholders and creditors and make the officers wealthy. + Shareholders were FORCEDD to spend $BILLIONS on the lawyers DEFENDING CEO AND FINANCIAL CRIMINALS + SHAREHOLDERS END UP PAYING THE FINES. Only winners are the LAWYERS and THE CRIMINALS THEY REPRESENT. And the CRIMINAL Senior Officers became wealthy from the frauds and get to keep the fraud proceeds. = 3rd WHAMMY on the shareholders and US MIDDLE CLASS who KNOW MORE FRAUD IS ENCOURAGED by HOLDER’S CRIMINAL APPROACH.

PERIES: Who will likely be appointed as the attorney general next?

BLACK: No one better since Eric Holder because of Obama’s policies = Treasury Policies were Even worse than DOJ’s.

┈┈┈┈┈┈┈┈┈┈┈▶

‘The Ray Rice Video For The Financial Sector Has Arrived’ = Massive Banking Violence on 99% of Americans

MORE BRAVE AMERICANS ARE NEEDED TO END THIS CRIMINAL RUN SYSTEM!

http://www.huffingtonpost.com/2014/09/26/ray-rice-video-financial-sector_n_5887506.html#comments
‘The Ray Rice Video For The Financial Sector Has Arrived’ = Massive Banking Violence on 99% of Americans

FACT: AIPAC-WALL STREET RUNS THE GOVERNMENT AND FED RESERVE
FACT USA banking regulators are captured by BIG BANKS they regulate

Michael Lewis referring to Report in ProPublica documenting firing of New York Federal Reserve bank examiner for examining Goldman Sachs too deeply.

Inner workings of Banking = HORROR of Massive Banking Violence on 99% of Americans = 48 hours of secretly taped FED conversations proving bank regulators are terrified of offending Goldman = Lewis calls their “breathtaking wussiness.” = BOWING to Powerful Bankster Crooks.

CAPTURED REGULATORS = ANOTHER BANK CRISIS CAUSED BY SCAMMING

NY FED = DENIES 48 HOURS OF TAPED CONVERSATIONS ARE TRUE = “The New York Fed categorically rejects the allegations being made about the integrity of its supervision of financial institutions.”

Goldman Response to its INCOMPETENT AND CRIMINAL MANAGEMENT AND POLICIES identified in 48 hours of taping. = “mistaken about some key facts”

FACT = ProPublica and This American Life PROVE NY FED bank examiners are feckless and mush-mouthed and afraid when dealing with Goldman.

FACT = REGULATORS ARE CAPTURED BY BANKSTERS AND THAT THREATENS AMERICANS WHO BAILED OUT BANKSTER CROOKS.

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