Posted on 09/10/2015 3:24:32 PM PDT by Libloather
WASHINGTON — Stung by years of criticism that it has coddled Wall Street criminals, the Justice Department issued new policies on Wednesday that prioritize the prosecution of individual employees — not just their companies — and put pressure on corporations to turn over evidence against their executives.
The new rules, issued in a memo to federal prosecutors nationwide, represent the first major policy announcement by Attorney General Loretta E. Lynch since she took office in April. The memo is a tacit acknowledgment of criticism that, despite securing record fines from major corporations, the Justice Department under President Barack Obama has punished few executives involved in the housing crisis, the financial meltdown and corporate scandals.
“Corporations can only commit crimes through flesh-and-blood people,” Sally Q. Yates, the deputy attorney general and the author of the memo, said in an interview on Wednesday. “It’s only fair that the people who are responsible for committing those crimes be held accountable. The public needs to have confidence that there is one system of justice and it applies equally regardless of whether that crime occurs on a street corner or in a boardroom.”
(Excerpt) Read more at bostonglobe.com ...
The defense came as part of a legal filing telling a judge why the administration shouldn’t be required to order Mrs. Clinton and her top aides to preserve all of their emails.
Justice Department rules Hillary Clinton followed law in deleting emails
And who paid those fines? Stockholders and customers. The actual perps didn't pay anything.
IMHO, this ruling is a good thing if it will be enforced.
What about Congress' role in this? Are the congress critters who coerced companies into making bad mortgage loans going to be held accountable? As I recall, Congress started imposing those rules on financial institutions in the 90s, during Clinton's era--and it took a few years before the situation became untenable and blew up, towards the end of Bush's era. I don't want to see CEOs or CFOs punished for deciding to make the loans when Congress threatened them with dire consequences if they didn't.
One more tool that the government can use to scare corporations into supporting the ruling class’s policies and to shake them down for “donations” to the ruling class’s pet political projects.
*for whites only
Good point. If we had a decent government, what they’re doing would be a good idea. But we don’t so it isn’t.
So it is good for Obamah to prosecute executives? And you think it will even handed and fair? Execs who committ real crimes, as opposed to administrative law crimes already go to jail. The only white collar criminals that will go to jail will be the ones breaking left wing oriented laws.
Just remember there are enough laws that we all break some of them everyday. No way is this a good idea.
Name the Corporations that were fined/taken to task first...
Solyndra is on that list - no?
post 2008 no?
These types of laws are selectively enforced at best.
Sniff. Sniff. Smells like blackmail.
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