Business

‘Real News From The Blaze’: Too Big to Jail

Last week the Department of Justice made an odd public announcement that the they would not be prosecuting anyone from Goldman Sachs following the Senate’s 2011 financial-fraud probe, resulting in critics on both sides crying foul. Democratic Senator Carl Levin has claimed that the announcement illustrates the Justice Department’s lax enforcement of its rules, conservatives are pointing to cronyism within the department that appears to have created a two teir system of enforcement; one teir for the big Wall Street firms, and the other for everyone else.

Author of Throw Them All Out, Peter Schweizer, has written extensively on financial cronyism and the Justice Department. Schweizer joined “Real News” Wednesday to discuss whether the latest announcement on Goldman Sachs is another example of DOJ corrupting our legal system, and where the line must be drawn between being pro-free market and pro-big business:

 

Comments (9)

  • The Gooch
    Posted on August 15, 2012 at 11:08am

    Meh, this is just another symptom being expressed in a culture and govt. sick with lawyers.
    It’s good to be king and have your own way.
    Odd. The rules appear to favor the makers AND enforcers. Go figure. Hug a lawyer and thank him or her for being so damn great.

    Report Post »  
  • Detroit paperboy
    Posted on August 15, 2012 at 6:56am

    There must be a wall st fundraiser coming up soon………

    Report Post »  
  • NOBALONEY
    Posted on August 15, 2012 at 6:14am

    Senate Banking Committee did nothing with JP Morgan, MF Global, and Peregrine Financial. Dodd-Frank Law is Washington’s way for Protecting Elite Political Class.

    Report Post » NOBALONEY  
  • Sirfoldallot
    Posted on August 15, 2012 at 12:37am

    There is so much news out there 2 report & all we get is crickets in our Main Laim News stream, WTH is going on ? They will get eatten 2, greed will kill.

    Report Post » Sirfoldallot  
  • woodyee
    Posted on August 15, 2012 at 12:25am

    Spooky dude sold all of his Goldman-Sachs holdings.

    Can Gaybama issue a pardon for potential crimes yet to be investigated? I doubt it. I’m picturing Holder and a few of his Goldman-Sachs cronies taking turns watching each others back in a cold, dark and dank detention center…or renouncing their US citizenship (a piece of cake for Holder) and flying off to Zurich on Nov. 7…

    Report Post » woodyee  
  • bdandsl
    Posted on August 15, 2012 at 12:15am

    Minimal laws and enforce them, what a refreshing idea! I can live with that!

    Report Post » bdandsl  
  • Snowleopard {gallery of cat folks}
    Posted on August 15, 2012 at 12:07am

    Holder is connected Goldman Sachs, so of course cronism and corruption are going on; that is the Chicago way.

    Report Post » Snowleopard {gallery of cat folks}  
  • BryanB
    Posted on August 15, 2012 at 12:07am

    What did you expect ?

    Politicians don’t prosecute their Friends….But they’ll have 10 cops run a Black Man down, for a $20.00 Piece of Rock-Cocaine and throw him into Prison for 10 years……..

    Report Post » BryanB  

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