The Goldman Sachs Department of Justice™ Would Like to Apologize to Mr. Blankfein for the Inconvenience

By now you’ve heard that Goldman Sachs will not be prosecuted for lying to its customers and having its CEO lie to Congress.

“The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time,” the department said.

Mind you, it’s not a surprise that Lloyd Blankfein wasn’t prosecuted. That’s because DOJ basically rewrote law in the last couple of years to make sure Scott Bloch, the former Special Counsel, would do no jail time for lying to Congress. As a result they’ve basically taken that inconvenient law off the books. As Congress continues to pursue DOJ for Fast and Furious, I’m sure that’s a comforting thought for some in the Department.

Still, let’s pretend for a moment that DOJ really didn’t believe they could prosecute this case.

That leaves us at a place where actual people are subject to the rule of law but corporations–because DOJ is simply helpless, helpless!! against those big bad corporations–are not. If DOJ really refuses to prosecute any corporations for the very same crimes they’re imprisoning actual people for, it needs to start considering how it is rushing our country headlong toward Banana Republic status. That is, if it can’t or won’t prosecute corporations but–perhaps to justify taking a salary until such time the prosecutors check out and join the corporations they’ve set free–still jails the little people, then DOJ has become just another cog in the machine slowly turning our great democracy into a NeoFeudal land.

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16 Responses to The Goldman Sachs Department of Justice™ Would Like to Apologize to Mr. Blankfein for the Inconvenience

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Emptywheel Twitterverse
emptywheel Apparently you can be smart AND make great beer. http://t.co/9w220yz7gf
27mreplyretweetfavorite
emptywheel Suggestion for journos on the GOP Trial Lawyer beat: Ask whether they have problem w/Executive not prosecuting any banks.
29mreplyretweetfavorite
emptywheel @johnson_carrie Agree. Someone should do a lovely send off profile! ;p Also think they defy claim you gotta be bankster to investigate them
32mreplyretweetfavorite
JimWhiteGNV @Pedinska I have some road time this afternoon, but will check in later.
35mreplyretweetfavorite
JimWhiteGNV RT @davidcnswanson: Democrats ran a torturer for Congress in Michigan if anyone cares http://t.co/egS8LDH5fz
36mreplyretweetfavorite
emptywheel What is the background of Levin's PSI staffers who do such a good at digging out this crime?
38mreplyretweetfavorite
emptywheel @alexisgoldstein "And boyohboy I'm not going to commit to do that again any time soon because look at the nightmare it has caused me."
49mreplyretweetfavorite
bmaz @brianbeutler A lot of us said this about Gruber from the outset. He is duplicitous and ethically dubious. Ocare sold on the wings of lies.
50mreplyretweetfavorite
bmaz .@michaelbkiefer @azcentral Thank you for including the source document, the legal motion, in your article. I wish more journalists did that
53mreplyretweetfavorite
emptywheel USA Freedom Act didn't have a data mandate. But it apparently had a data handshake. http://t.co/DPQ0tnZd1p
57mreplyretweetfavorite
emptywheel Dudley returns to his "finding firms guilty" is the same as "jail."
1hreplyretweetfavorite
emptywheel Is anyone saving this hearing for posterity bc I just had the thought Sherrod did: Geithner would have said the same thing Dudley is.
1hreplyretweetfavorite
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