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Posts Tagged ‘corrupt justice system’

The DOJ’s Double Standard

Posted by Larry Doyle on July 8th, 2014 9:00 AM |

Let’s see here.

The public at large rails on those in Washington for going easy on our ‘too big to fail’ banks for a host of clearly criminal practices.

Uncle Sam — that is the SEC, other regulators, and ultimately the Department of Justice — try to talk tough and hit an array of institutions with sizable fines but little really changes.

The public continues to see through the facade and lets Uncle Sam know it.

The ‘old man’ decides he needs to really get tough and begins to mandate that institutions admit guilt as part of the settlement process. The first guilty party is Credit Suisse, then next up is BNP Paribas.

Now we awake this morning to see that Germany’s second largest lender, Commerzbank, is likely next in the crosshairs. Do you detect a pattern here? Bloomberg provides further color in reporting: (more…)






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