God, who is the lesser of evils, Obama or Romney? "Why Can't Obama Bring Wall Street to Justice?"

Peter J. Boyer and Peter Schweizer do a good job of exposing Eric Holder as the consummate Wall Street insider padding his future nest (Obama and he):

Attorney General Eric Holder's lucrative ties to a top-tier law firm whose marquee clients include some of finance's worst offenders

[...]

Justices inaction regarding the big Wall Street firms is not for a lack of suspicious activity. Three different government entities exhaustively examined the practices that contributed to the financial collapse, and each has referred its findings to the department for possible criminal investigation. One such matter involved a 2007 transaction by Goldman Sachs, in which Goldman created an investment, based on mortgage-backed securities, that seemed designed to fail. Goldman allowed a client who was betting against the mortgage market to help shape the investment instrument, which was called Abacus 2007-AC1; then both Goldman and the client bet against the investment without informing other clients whose investments were wagers on its success how the securities included in the portfolio were selected. These uninformed clients lost more than $1 billion on the investment. In 2010, the Securities and Exchange Commission charged Goldman with securities fraud "for making materially misleading statements and omissions" in marketing the investment. The SEC, which conducts only civil litigation, referred the case to Justice for criminal investigation.

[...]

...Holder, speaking in February at Columbia University, said that while "we found that much of the conduct that led to the financial crisis was unethical and irresponsible ... we have also discovered that some of this behavior--while morally reprehensible--may not necessarily have been criminal."

via Why Cant Obama Bring Wall Street to Justice? - The Daily Beast.

"...some of this behavior...."? If only "some," then there was "some" that he found was criminal. Regardless, he's full of it. It was illegal on its face — pure fraud. Goldman Sachs defrauded its clients! There is no doubt about it.

God, who is the lesser of evils, Obama or Romney? I want neither at all!

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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