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Criminal Law

: Crime & Federalism

Wall Street Justice

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When normal people steal, they don't pay fines.  Instead, they go to prison.  Yet the Department of Justice gives Wall Street special treatment.  A DOJ lawyer realizes that today's target is tomorrow's client.  When big guns leave the DOJ, they are made partner at large law firms - even though the big guns have no portable book of business. DOJ lawyers then call on the same companies they investigated, seeking them out for business.  The targets - forced to pay token fines for billion-dollar thefts - are happy to obligate.  Kicking back a cool million to the guy who did you a solid by not indicting you is good business.   There's no better example than the case of former AIG fraudster, Hank Greenberg: A New York state judge has held Maurice "Hank" Greenberg, the former head of American International Group Inc...continue to full post

Full post as published by Crime & Federalism on October 23, 2010 (boomark / email).

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