October 22, 2019, 12:29:00 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: NEW CHILD BOARD CREATED IN THE POLITICAL SECTION FOR THE 2016 ELECTION
 
   Home   Help Login Register  
Pages: 1   Go Down
  Print  
Author Topic: "...Conflicts of interest may explain lack of DOJ Wall Street prosecutions"  (Read 1020 times)
0 Members and 1 Guest are viewing this topic.
WhiskeyGirl
Monkey All Star Jr.
****
Offline Offline

Posts: 7754



« on: August 10, 2012, 08:41:02 PM »

Quote
As an example, the report points to Holder's relationship with Covington & Burling, a white-shoe law firm that represents many top Wall Street corporations, including Goldman Sachs, Bank of America, Citibanks, Wilmington Trust, Deutsche Bank, NG, Morgan Stanley and UBS. Prior to his 2009 appointment as Obama's attorney general.

Holder was a Covington & Burling partner for a decade before his appointment, earning $2.1 million in 2008 and $2.5 million in 2009, according to GAI.

During Holder's partner tenure, Covington & Burling was involved in the creation of the Mortgage Electronic Registration System (MERS) that figured prominently in the robo-signing portion of the mortgage industry's multiple scandals. "MERS was intended to speed up mortgage registration and transfers, but it led thousands of bank employees to sign their names as MERS officials. In 2004, Covington wrote an instrumental opinion letter for MERS that provided the legal justification for its electronic registry," the GAI report said.

http://washingtonexaminer.com/former-tarp-ig-met-huge-huge-resistance-from-start/article/%20http:/washingtonexaminer.com/watchdog-article-conflicts-of-interest-may-explain-lack-of-doj-wall-street-prosecutions/article/2504224#.UCWBukQmZPQ

Fox guarding the hen house?

“Justice Inaction: The Department of Justice’s Unprecedented Failure to Prosecute Big Finance.” 

read more here - http://g-a-i.org/gai-report-justice-inaction-the-department-of-justices-unprecedented-failure-to-prosecute-big-finance/

Logged

All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
Pages: 1   Go Up
  Print  
 
Jump to:  

Use of this web site in any manner signifies unconditional acceptance, without exception, of our terms of use.
Powered by SMF 1.1.13 | SMF © 2006-2011, Simple Machines LLC
 
Page created in 2.095 seconds with 19 queries.