Officials at the Securities and Exchange Commission, the regulatory body charged with going after financial crimes, systematically blocked and destroyed dozens of investigations into fraud allegedly committed by major Wall St. institutions, including files related to initial inquiries into Goldman Sachs, Deutsche Bank and Bernie Madoff, according to a recent whistleblower lawsuit. The SEC has admitted to improperly deleting files. And there is growing evidence that bank lobbyists and those hoping to become bank executives/lobbyists one day, burrowed into the SEC to block investigations of big banks. The media barely covers this.
The Obama DOJ has pursued a bank fraud prosecution strategy of either ignoring large swaths of Wall Street or giving slaps on the wrist + “plz don’t do it again” pledges (see the NYTimes’ investigation of these phony pledges here).
The U.S. Senate is too broken, and the bank lobbyists are too powerful for betters laws right now.
The grown-ups in DC won’t do their jobs to restore justice. Its up to kids in UC Davis and grandpas at Occupy Nashville.
Those brave souls out there protesting are doing such a fantastic job. You’re right, if they don’t stand up for the people, who will? Certainly not the ones whose job it is! Power to the people!!!
Great to see you continuing to speak truth to power! Love the title of your blog. Public Citizen wishing you all the best. ~Rachel
Hey, that’s a picture of me! No joke. So weird. Anyway, that photo was taken at Occupy Austin’s Re-Fund Education rally on November 17th at the Texas State Capitol. Thanks for posting!