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

Emptywheel Twitterverse
bmaz Wow, Jerry Brown's letter to Rick Scott is throwing serious shade. https://t.co/WFjA2ehLva
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bmaz RT @carolrosenberg: BREAKING Navy reinstates nurse who refused to force-feed at Guantánamo. @MiamiHerald https://t.co/6PS3DYSg1L @cori_crid
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bmaz @aliarau @RebekahLSanders @violentfemmes The concert is a better use of your time than the mental midgets at #azleg
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bmaz RT @amilst44: From day one I thought "evident partiality" the best issue, not procedural missteps. NFLPA did not agree to sham arbitrations.
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bmaz @RMFifthCircuit Who knows what sticks in the crania of appellate judges? There is always hope!
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bmaz RT @amilst44: Hopefully 2d cir. en banc will take note of NFL classless move to oppose extension for new counsel. https://t.co/DaKRLNgWH7
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bmaz This from CRS is an excellent look at what Garland on SCOTUS would likely change from Scalia https://t.co/hjz0INqHcU
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bmaz @BlanksSlate Yeah. Parts of it old stuff you can skim, but some worthwhile background in there. It's long, but worthwhile.
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bmaz @DanCBarr Including McCain himself I bet.
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bmaz @ScottGreenfield Also, you KNOW Preet is beaming with pride.
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bmaz @ScottGreenfield Ugh, do I have to pick a side on this one? No Hastert old age benefit of doubt I guess.
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