>> GUESS WHAT?
AS BARACK OBAMA IS RUNNING OUT OF TIME IN HIS
PRESIDENCY, HIS JUSTICE DEPARTMENT HAS DECIDED, OH YEAH,
SHOOT, MAYBE WE SHOULD HAVE PROSECUTED SOME OF THOSE
WHITE-COLLAR CRIMINALS.
THE WALL STREET GUYS WHO TOOK BILLIONS
AND PUT THEM IN THEIR POCKET, THEN WE REFUNDED THEM AND THEY
COMMITTED OBVIOUS, OBVIOUS FRAUD, IT IS IN THE EMAILS WHERE
THEY SAY WE WILL SCREW OVER OUR CUSTOMERS -- THESE ARE TOXIC
PRODUCTS THAT WE ARE PUTTING TOGETHER.
OOPS?
WHAT DID OBAMA
SAY, WE DON'T LOOK BACKWARD, WE LOOK FORWARD.
EVERY TIME, I
PAUSE AND LAUGH.
IMAGINE A PROSECUTOR, YOU SAY I ROBBED A
BANK, THE PROSECUTOR SAYS GOOD DAY FOR YOU, I DON'T LOOK
BACKWARD, ONLY FORWARD.
THAT IS WHAT THEY SAID WHEN IT CAME TO
REAL BANKERS.
THE GUYS WHO STOLE THE MOST.
TODAY THEY CHANGE
THEIR TUNE WHICH IS GOOD NEWS, A LITTLE TOO LITTLE TOO LATE,
BECAUSE A LOT OF THE STATUTE OF LIMITATIONS HAS RUN OUT.
CONVENIENTLY WE CAN'T PROSECUTE THEM ANYMORE, NOW THEY CHANGE
THEIR TUNE.
BUT IF THEY MEAN IT I WILL TAKE IT, SO DEPUTY
ATTORNEY GENERAL SALLY YATES SAYS THEY JUST DISCOVERED,
"CRIME IS CRIME."
YOU DON'T SAY.
AFTER THE STATUTE OF LIMITATIONS
RUNS OUT AND YOU CAN'T PROSECUTE ANY OF THOSE GUYS, NOW YOU
REALIZE CRIME IS CRIME?
BUT AGAIN IF THEY MEAN IT GOING
FORWARD I WOULD LOVE IT, BUT IT IS LIKE OBAMA SAYING, THE NEXT
PRESIDENT SHOULD REALLY GET TOUGH ON THESE GUYS.
ARE YOU
READY TO GET TOUGH?
THEY WILL NOT DO IT.
I AM TRYING TO GIVE
THEM CREDIT BUT I DON'T BELIEVE THEM BECAUSE THEY HAVE A HISTORY
OF NOT DOING IT.
AND IT'S ALWAYS ON THE WAY OUT, NOW WE ARE
TOUGH.
WHEN IT DOESN'T MATTER ANYMORE, WE ARE TOUGH.
SALLY
YATES CONTINUES, IT IS OUR OBLIGATION AT THE JUSTICE
DEPARTMENT TO ENSURE WE ARE HOLDING LAWBREAKERS ACCOUNTABLE
TO GOVERNANCE WHETHER THEY COMMIT CRIMES ON THE STREET CORNER OR
THE BOARDROOM.
I AM GLAD YOU REALIZE THAT, ISN'T IT AMAZING
SHE HAS TO CLARIFY THAT SIX YEARS INTO OBAMA'S TERM?
OF
COURSE BUSH DID NOT PROSECUTE THEM, OBAMA DIDN'T -- WHERE DID
A LOT OF THE FUNDING FOR BUSH AND OBAMA COME FROM?
RIGHT, THE
SAME BANKERS.
WILD COINCIDENCE.
SHE CONTINUES, IN THE
WHITE-COLLAR CONTEXT THAT MEANS PURSUING NOT JUST CORPORATE
ENTITIES BUT ALSO THE INDIVIDUALS TO WHICH THESE CORPORATIONS ACT.
THIS IS WHAT WE HAVE BEEN SAYING ALL ALONG, HOLD THE
CORPORATION RESPONSIBLE.
SO WHO IS GOING TO JAIL?
NOBODY.
THEY
WILL PAY FINE AND MOVE ON.
THAT WILL NOT WORK, THEY SAY CHANGE
CORPORATE CULTURE TO APPROPRIATELY RECOGNIZE THE FULL
COST OF WRONGDOING RATHER THAN TREATING LIABILITY AS A COST OF
DOING BUSINESS.
THAT IS EXACTLY WHAT EVERY PROGRESSIVE IN THE
COUNTRY HAS BEEN SAYING, EVEN BEFORE THE CRASH AND CERTAINLY
AFTER THE 2008 CRASH.
KRUGMAN, STIGLITZ, YOU NAME IT, EVERYONE
SAID IF YOU DON'T HOLD THEM ACCOUNTABLE THEY WILL DO IT
AGAIN.
IT IS JUST A SMALL FRACTION OF THE MONEY THEY STOLE
THE FIRST PLACE, THEY PAY THE FINE AND MOVE ON WITH THEIR
LIVES.
OH, THE CORPORATION NOW HAS A CRIMINAL RECORD.
WHAT DOES
THAT MEAN?
NOTHING.
IT DOES NOT AFFECT A GODDAMN THING.
YATES
SAID THAT THE COMPANIES, AND BY THE WAY THEY NEVER ALMOST WENT
AFTER THE COMPANIES IN THE FIRST PLACE, THEY ALMOST ALWAYS PLED
OUT, COMPANIES GET TO BUY OFF POLITICIANS BECAUSE THEY CLAIM
TO BE HUMAN BEINGS BUT IF THEY ARE PROSECUTED AND FOUND
CRIMINALLY LIABLE, IF THEY EVER WERE, DO THEY GO TO JAIL LIKE A
HUMAN BEING?
OF COURSE NOT.
NOW FINALLY THE OBAMA
ADMINISTRATION HAS THE GENIUS IDEA, WE MIGHT WANT TO PUT THE
GUYS WHO ACTUALLY DID THIS STEALING TO ACTUAL HUMAN BEINGS
IN JAIL FOR THEFT.
YOU DON'T SAY.
YATES SAID COMPANIES WOULD
NOT GET CREDIT FOR COOPERATING WITH INVESTIGATORS UNLESS THEY
IDENTIFY ALL EMPLOYEES RESPONSIBLE FOR CRIMES
REGARDLESS OF EXECUTIVE RANK OR SENIORITY AND TURN OVER ALL
EVIDENCE AGAINST THEM.
IF THAT WERE TRUE, I WOULD LOVE IT.
FINALLY, CIVIL AND CRIMINAL ATTORNEYS BOTH SHOULD FOCUS ON
INDIVIDUALS FROM THE BEGINNING OF AN INVESTIGATION, THE MEMO
SAID.
THIS IS A NEW POLICY FOR THE OBAMA ADMINISTRATION.
I
WANT TO GIVE THEM CREDIT BECAUSE THIS POLICY IS THE CORRECT
POLICY, AND IT IS SUPER OBVIOUS.
BUT I CAN'T IN GOOD CONSCIENCE
TELL YOU THAT THEY ARE DOING THE RIGHT THING, BECAUSE THEY DID
NOT DO THE RIGHT THING WHEN IT MATTERED, AND NOW WHEN THEY
CAN'T PROSECUTE THE PEOPLE WHO DID IT IN THE PAST ANYMORE, THEY
SAY THIS WHEN THEY THINK IT REALLY WON'T COME UP GOING
FORWARD.
IT IS A LITTLE HARD TO BELIEVE THEY MEANT IT IN THE
FIRST PLACE.
I HOPE THE POLICY STICKS, BUT DO YOU REALLY
BELIEVE THAT IF GIANT DONORS WERE DOING THE SAME THING
AND CRASHING THE ECONOMY, YOU WOULDN'T GET THE TIMOTHY
GEITHNERS ON THE DEMOCRAT SIDE AND THE HANK PAULSONS ON THE
REPUBLICAN SAYING THERE IS NOTHING THAT COULD BE DONE, WE
MUST DO A BAILOUT TO MAKE SURE THE ECONOMY DOESN'T EXPLODE, AND
IF YOU PUT THE BANKERS IN JAIL IT WOULD JEOPARDIZE THE BANKS,
WHICH WOULD JEOPARDIZE OUR OVERALL ECONOMY?
ATTORNEY
GENERAL ERIC HOLDER SAID THAT.
HE SAID THERE WILL BE
CONSEQUENCES, THAT IS WHY WE CAN'T PUT THE BANKERS IN JAIL.
HE ADMITTED IT IN CONGRESS, AND NOW HE LEAVES AND THEY SAY SURE,
THAT IS WHAT WE MEANT TO DO FROM THE GET-GO?
YOU HAD A FUNNY WAY
OF SHOWING IT.
GOOD POLICY, BUT MY FINAL CONCLUSION IS, TOO
LITTLE TOO LATE.
AND I WOULD BE SHOCKED IF IT STUCK AND THEY
ACTUALLY MEANT IT.
OUR ENTIRE SYSTEM IS CORRUPT, AND THIS IS
HOW THE CORRUPTION WORKS.
AFTER THEY DO ALL THE CRIMES, AND THEY
GET AWAY WITH IT, THIS IS BASICALLY THE COVER-UP.
YOUNG TURKS.