DOJ Citigroup Settlement Lacks Disclosure Of Victims And Criminal Conduct

By: Tuesday July 15, 2014 10:55 am

On Monday the Department of Justice and Attorney General Eric Holder announced a meager $7 billion settlement with Citigroup for causing the most severe financial crisis since the Great Depression by fraudulently selling mortgage securities that wrecked the financial markets. AG Holder celebrated the settlement and claimed “This historic penalty is appropriate given the strength of the evidence of the wrongdoing committed by Citi.”

But, according to The Litigation Daily, the details of that “wrongdoing” are nowhere to be found in the settlement documents, raising questions as to whether DOJ gave Citigroup a special deal regarding disclosure. Was part of this “historic penalty” an exemption from having to admit the crimes committed and the victims harmed?

 

Eric Holder’s Legacy To Be Failing To Hold Wall Street Accountable

By: Tuesday July 1, 2014 2:25 pm

Attorney General Eric Holder, appointed in the beginning of Barack Obama’s presidency, is beginning to have his legacy evaluated and it is not looking good. A creature of Wall Street who helped represent some of the culprits of the mortgage crisis in private practice, Holder never made an honest or substantive efforts to go after his former clients who helped crash the economy in 2008.

Department of Justice Tries to Split the Baby on Making “Drugs Minus Two” Retroactive

By: Wednesday June 11, 2014 8:17 am

Sounds reasonable. Until you consider that the DoJ is supporting the bill’s application to all offenders henceforth by supporting the “Drugs Minus Two” amendment in the first place. Even for those who would benefit from retroactivity, none would be automatically released from jail — all applications be reviewed, and one would assume that people deemed too violent to be released would be turned down.

New Report: NCIS Hid Medical Evidence About Guantanamo Suicides

By: Tuesday June 3, 2014 8:55 am

The Senior Medical Officer (SMO) at Guantanamo who attended at least two of three high-profile “suicides” at Guantanamo nearly eight years ago concluded at the time that, contrary to the conclusions of a later government investigation, the detainees did not die by hanging but by “likely asphyxiation” from “obstruction” of the airway. Moreover this SMO found a prisoner he examined and pronounced dead had “cotton clothing material in [his] mouth and upper pharynx.”

Hachette Says Amazon Delaying Book Shipments to Monopolistically Squeeze Profits

By: Friday May 9, 2014 10:46 am

Amazon controls roughly one third of the book market in the United States, giving it considerable muscle to extract favorable sales and payment terms. And according to Hachette Books, one of the largest New York publishing groups, Amazon is monopolistically delaying shipment of hard cover books 2-4 weeks by authors like Stephen Colbert and Malcolm Gladwell in order to do just that.

Going After Big Banks ‘Never A Real Priority’ At Department Of Justice

By: Thursday May 1, 2014 7:00 am

A new report from Pro Publica claims that part of the reason none of the major Wall Street banks were prosecuted for their role in causing the 2008 financial crisis was a disinterest in taking on cases by the US Department of Justice. The disinterest reportedly led to prosecutors not pursuing winnable cases and coincided with other concerns such as the possibility of losing a case.

A Few Religious Objections to Hobby Lobby, et al.

By: Wednesday March 26, 2014 3:57 pm

After reading through some of the recaps of the oral arguments at SCOTUS yesterday in Sebelius v. Hobby Lobby Stores and Conestoga Wood Specialties v. Sebelius, it appears that some of the justices, and perhaps a majority, are willing to allow private religious objections to trump the laws, regulations, and ordinances enacted by local, state, and federal governments. Just so that no one is surprised later, I thought I’d lay out some of my strongly held religious beliefs now.

Department of Justice Already Under Fire for JPMorgan Settlement

By: Thursday November 21, 2013 9:39 am

Well that didn’t take long. Not more than a day after the “historic” settlement with JPMorgan was announced and the Department of Justice has found itself under heavy scrutiny for trying to “scam” the public and letting arch-criminals off the hook with a relatively small fine.

Holder Continues to Remain Silent on State Cannabis Legalization

By: Tuesday August 6, 2013 11:10 am

As of today, it has been exactly nine months since the people of Colorado and Washington State voted to legalize cannabis for adults. It has been eight months since the law went into effect in Washington State and it has been almost half a year since federal Attorney General Eric Holder promised the state attorney generals that the federal government would decide how to handle the issue “relatively soon.”

Opening the Box: Sarah Shourd on Herman Wallace, California Hunger Strikers and the Horror of Solitary Confinement

By: Sunday July 21, 2013 4:00 pm

Last month, we were devastated to learn that the Angola 3’s Herman Wallace had been diagnosed with liver cancer, and that he was continuing to be held in isolation in a locked room at Hunt Correctional Center’s prison infirmary. Reflecting on his confinement while battling cancer, Herman said: “My own body has now become a tool of torture against me.”

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