Friday, June 18, 2010

Cases against Wall Street lag despite Holder's vows to target financial fraud

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/17/AR2010061703538.html

People making business judgements and taking risks and having them go badly, kinda fits the BP scenario to doesn't it.
And if it's OK for "The Banks" then I'm sure that they'll show the same leniency toward BP, hence Joe Barton's apology

The blunt words of administration officials have triggered debate over whether they have gone too far in appearing to promise difficult cases that critics say might never be filed, in part because they would essentially criminalize an entire business model in the financial industry.

"The attorney general got out ahead of the facts and the evidence in saying, 'We're going to go down to Wall Street with a pitchfork and roust those fat cats out of their offices and put them in jail,' " said Tim Coleman, who prosecuted major fraud cases before leaving the Justice Department five years ago. "This was a case, in general, of people making business judgments and taking risks and having them go badly. That's not criminal misconduct."