Lanny Breuer, the Assistant Attorney General who claimed that prosecuting banks for crimes poses a risk to the financial sector and so corrupt bankers are “too big to jail” has lost his job:
MARTIN SMITH: You gave a speech before the New York Bar Association. And in that speech, you made a reference to losing sleep at night, worrying about what a lawsuit might result in at a large financial institution.
LANNY BREUER: Right.
MARTIN SMITH: Is that really the job of a prosecutor, to worry about anything other than simply pursuing justice?
LANNY BREUER: Well, I think I am pursuing justice. And I think the entire responsibility of the department is to pursue justice. But in any given case, I think I and prosecutors around the country, being responsible, should speak to regulators, should speak to experts, because if I bring a case against institution A, and as a result of bringing that case, there’s some huge economic effect — if it creates a ripple effect so that suddenly, counterparties and other financial institutions or other companies that had nothing to do with this are affected badly — it’s a factor we need to know and understand.
But the man who put him there, and who is ultimately responsible for the policy — the Attorney General himself — is here to stay .
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1 comment:
He just told us that the wealthy are immune from prosecution. That crime is only a crime if you aren't politically and economically connected (usually by way of insider trading tips and "campaign contributions") Rob the middle class of TRILLIONS in home equity, 401(k) investments, stock values, and tax bailouts and hey, here's your pass (wink wink). Steal a loaf of bread from Wal Mart and the police will chase you through neighborhoods and call out helicopters to catch you and the prosecutor will make grand pronouncements about the "rule of law" that must be upheld. And send you to jail. Proudly. 'Ole Lanny should choke to death on those wordss and be ashamed he said what they have tried to avoid actually saying --- the country is run as a corporate kingdom now. "We the people"? Screwed worse than a ghetto whore. Where's the delusion sheepheaded buffoon who said "the system is working"?.....
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