Reaction to the S&P Lawsuit Is Just What You’d Expect

By: Tuesday February 12, 2013 4:48 pm

Big lawsuits are great opportunities to look at the state of mind of reporters, pundits and bloggers. I have posts on the case focused on the facts, the law and what they say about the Department of Justice. Of course, my biases are obvious: I think the DOJ refused to enforce the laws against fraud by Wall Street executives, that the refusal to investigate and enforce the law was a deliberate policy choice by President Obama, and that policy was intentionally put into practice by Attorney General Eric Holder and the head of the DOJ Criminal Division, Lanny Breuer. Others show their biases as well.

 

Rep. Miller: Agency Officials Acknowledge That Securitization Task Force a Potemkin Village

By: Friday July 13, 2012 8:35 am

For a separate story (stay tuned!), I spoke yesterday with Rep. Brad Miller (D-NC), a member of the House Financial Services Committee. And while I had him, I asked him about that assembly of housing groups yesterday, all of whom pointed to the Justice Department as the culprit for the lack of progress on investigations from the RMBS working group, the task force supposed to be probing securitization abuses during the housing bubble.

Justice Department Responds on Securitization Fraud Task Force

By: Friday April 13, 2012 8:20 am

The Justice Department has responded to allegations that they have not staffed the RMBS working group, the division within their financial fraud task force co-chaired by Eric Schneiderman which is supposed to investigate and prosecute banks for securitization fraud.

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