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Carl Levin’s Double Standard for Banksters and Spooks - emptywheel

July 16, 2013 / by emptywheel

 

Carl Levin’s Double Standard for Banksters and Spooks

Carl Levin is one of the few people in DC who has tried to hold banks accountable — in his case, via investigations conducted at the Permanent Subcommittee on Investigations. Never mind that DOJ has serially taken his investigations and, seemingly, wiped their ass with them for all the banksters who have been held accountable as a result.

One particularly noteworthy ass-wiping came after Levin referred Goldman Sachs CEO Lloyd Blankfein to DOJ for lying to his customers and, more importantly, to Congress. To him.

The chairman of the U.S. Senate’s investigative subcommittee said he believes Goldman Sachs officials made misleading statements about their trading during the financial crisis and should be investigated criminally.

Sen. Carl Levin (D-Mich.) said on Wednesday that he plans to refer Goldman officials, and potentially officials from other organizations, to the Justice Department for possible prosecution and to the Securities and Exchange Commission for possible civil proceedings.

“In my judgment, Goldman clearly misled their clients and they misled the Congress,” said Levin, the chairman of the Senate Permanent Subcommittee on Investigations.

[snip]

“We will be referring this matter to the Justice Department and the SEC,” Levin said.

DOJ did what it does — which apparently includes chatting up CEOs — while it is pretending to investigate when it is actually wiping its ass. Then after a year it decided it wasn’t going to prosecute Blankfein.

Still. Just over 2 years ago, Carl Levin believed that when people, even very powerful people, lie to Congress, DOJ should at least consider prosecuting them.

How times change.

Levin also said he was still “troubled” by Director of National Intelligence James Clapper’s testimony to the Senate Intelligence Committee that the NSA did not collect data on millions of Americans.

“I’m troubled by that testimony, obviously. I don’t know how he’s tried to wiggle out from it, but I’m troubled by it,” Levin said. “How you hold him accountable, I guess the only way to do that would be for the president to somehow or other fire him.”

But, Levin added, “I think he’s made it clear that he regrets saying what he said, and I don’t want to call on the president to fire him although I am troubled by it.”

Golly! Clapper regrets what he said (or rather, that he got caught saying it?). So rather than suggesting we hold Clapper accountable the way Levin tried to do with Blankfein, he instead thinks maybe if the President feels like it on his own because Levin himself isn’t going to call on him to do this, Obama should “somehow or other fire” Clapper.

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Originally Posted @ https://www.emptywheel.net/2013/07/16/carl-levins-double-standard-for-banksters-and-spooks/