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 @ddayen Salon heds will Salon hed.
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bmaz Conservatives ask SCOTUS to give conservatives more political power. http://t.co/oXODJqpMcN Excellent analysis by @rickhasen
26mreplyretweetfavorite
emptywheel @SamSacks I'm so old I remember when WaPo broke some of the first stories abt NSA collecting truck loads of metadata not under Section 215.
29mreplyretweetfavorite
emptywheel @0xdeadbabe FBI General Counsel told PCLOB he could think of 8-10 ways to get phone records back in 2013.
31mreplyretweetfavorite
bmaz @mattapuzzo @emptywheel @nicholasadeleon They are separate concepts, but intertwined on this question.
32mreplyretweetfavorite
emptywheel "NSA would have no clear power to conduct any metadata collection, possibly indefinitely." http://t.co/JjD7vwBUnw WP never heard of EO12333
32mreplyretweetfavorite
bmaz @mattapuzzo @emptywheel @nicholasadeleon And even if it is minimally "legal" is this proper for procedural due process+interests of justice?
33mreplyretweetfavorite
bmaz @mattapuzzo @emptywheel @nicholasadeleon Or is it just being shoehorned into EDNY because it is oh so much more convenient for DOJ?
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emptywheel @mattapuzzo Right. But in Miami. So why not charge in Miami? @bmaz @nicholasadeleon
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bmaz @mattapuzzo @emptywheel @nicholasadeleon Not so fast! Did those acts happen in EDNY? If not, will venue be transferred to where they did?
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bmaz @emptywheel @nicholasadeleon @mattapuzzo Right, it may not even be stretching credulity as in some others but am curious as to claimed basis
37mreplyretweetfavorite
bmaz @mattapuzzo @emptywheel And DOJ is getting increasingly fast+loose about pigeonholing jurisdiction+venue where it doesn't necessarily belong
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August 2012
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