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Why is DOJ giving pass to Wall Street?

| May 24, 2012 7:00 AM

All I seem to hear from my Democrat friends is big shot financiers this and Wall Street bankers that, and the Republicans who feed their greed with influence. They took big taxpayer bailouts while collecting piggish bonuses and the rest of us eat it with unemployment, rising gas prices, vanishing retirement plans, and out-of-control federal entitlement, pressuring an empty treasury.

Where is the justice, or better yet the Justice Department? Just like U.S. Attorney General Eric Holder’s decision not to prosecute the Black Panthers’ voter intimidation case, they have given a pass to high level Wall Street executives guilty of causing and profiting from the economic meltdown.

How can this be? Careful examination shows many top DOJ attorneys formerly worked at high-end law firms with these very same financial and Wall Street institutions as clients.

Holder’s DOJ has not prosecuted a single upper-level executive from any of these investment companies or banks and why should they? Obama has collected more funds from the Wall Street set than any Republican, even Bain Capital gave Obama twice as much as Romney, and Mitt formed the company.

DOJ prosecutions of financial and securities crime are at a 20-year low despite the ramped up rhetoric we’ve been hearing for four years on getting tough. This is Chicago-style hypocrisy at its finest.

I love Obama’s play to the 99-percenters, demonizing the 1 percenter fat cats as immoral and greedy all the while collecting enormous campaign contributions from these guys, while DOJ and Holder sit idly by. I hate getting played.

R. BRUCE JOHNSON

Sandpoint