Hillary on Libya
'What Difference Does It Make?'
January 23, 2013
After being pressed today by Republican Senator Ron Johnson to explain how
it was that over the course of weeks, the
Obama Administration stood by an
absurd story claiming that four Americans were murdered in Libya due to a
spontaneous protest gone bad, outgoing Secretary of State
played the indignation card.
Because she obviously had no answer to justify the ongoing White House
deception, Secretary Clinton chose theatrics over a straight answer and
Assistant Attorney General Admits on TV That...
In The U.S. Justice Does Not
Apply to The Banks
by Tyler Durden
January 23, 2013
Those who watched Frontline's special on why nobody has been prosecuted on
Wall Street titled appropriately "The Untouchables" didn't learn much new.
The rehash of ideas presented is what has been
well known for years - namely that when it comes to prosecuting Wall Street
criminals nothing will
ever happen, because as
Republican in politics. Its not Dem in politics. Its money in politics",
all the money in politics comes from Wall Street, which happens to be the
ultimate ruler of the United States of America, pushing levers here and
pulling stringer there to give the impression the constitutional republic is
It isn't - this country has become an unchecked
despotism of those in charge of money creation and who control capital -
just the thing Andrew Jackson warned against.
One thing we did learn, was courtesy of
Assistant Attorney General Lenny Breuer who made it very clear that when it
comes to the concept of justice the banks are and always have been "more
equal" than others.
He does so in such shocking clarity and
enthusiasm that it is a miracle that this person is still employed by the US
Department of Justice.
To wit from the
You gave a speech before the New York Bar Association. And in that
speech, you made a reference to losing sleep at night, worrying about
what a lawsuit might result in at a large financial institution.
Is that really the job of a prosecutor, to worry about anything other
than simply pursuing justice?
Well, I think I am pursuing justice. And I think the entire
responsibility of the department is to pursue justice.
But in any given case, I think I and
prosecutors around the country, being responsible, should speak to
regulators, should speak to experts, because if I bring a case against
institution A, and as a result of bringing that case, thereís some huge
economic effect - if it creates a ripple effect so that suddenly,
counterparties and other financial institutions or other companies that
had nothing to do with this are affected badly - itís a factor we need
to know and understand.
In other words, no criminal charges can be
levied against anyone who engaged in the crimes leading to the great
financial crisis of 2008 because, get this,
the implications of pursuing justice may
have destabilizing implications!
In other words, the banker threat of
Mutual Assured Destruction has metastasized from the legislative, where in
2008 Hank Paulson demanded a blank check from Congress to spend it on
whatever he wishes, "or
else...", and has fully taken over the Judicial, where there
is Justice for all...
and no "Justice" for those who are systemically important.
Ted Kaufman summarizes:
TED KAUFMAN: That was very disturbing
to me, very disturbing. That was never raised at any time during any of
That is not the job of a prosecutor, to worry about the health of the
banks, in my opinion. Job of the prosecutors is to prosecute criminal
behavior. Itís not to lie awake at night and kind of decide the future
of the banks.
Alas Ted, it appears it is.
Frontline's conclusion was perfectly expected:
not one senior Wall Street executive has been held criminally liable by
the Department of Justice for activities related to the financial crisis."
We now know why: it is because of
people like this:
Lanny A. Breuer was unanimously confirmed as
Assistant Attorney General for the Criminal Division on April 20, 2009.
As head of the Criminal Division, Mr. Breuer oversees nearly 600
attorneys who prosecute federal criminal cases across the country and
help develop the criminal law. He also works closely with the nationís
94 U.S. Attorneysí Offices in connection with the investigation and
prosecution of criminal matters in their districts.
Mr. Breuer is a national leader on a range
of federal law enforcement priorities, including financial fraud, health
care fraud, public corruption, and violence along the Southwest Border.
He has also been a leading voice on policy issues related to criminal
law enforcement, including the scope of prosecutorsí discovery
obligations in federal criminal cases and sentencing disparities between
crack and powder cocaine offenses.
Mr. Breuer regularly testifies before
Congress on the Administrationís policy initiatives and advises the
Attorney General and the White House on matters of criminal law. Mr.
Breuer also serves as the Department's representative on the Atrocities
Prevention Board, which President Obama announced in April 2012.
For his work as Assistant Attorney General,
the National Law Journal named Mr. Breuer a "Visionary" in the
Washington, D.C. legal community, and he was recently ranked sixth on
Ethisphereís list of The 100 Most Influential People in Business Ethics.
Mr. Breuer began his legal career in 1985 as
an Assistant District Attorney in Manhattan, where he prosecuted violent
crime, such as armed robbery and gang violence,
white collar crime, and other
In 1989, he joined the law firm of Covington
& Burling LLP, where he worked until 1997, when he joined the White
House Counselís Office as Special Counsel to President William Jefferson
Clinton. As Special Counsel, Mr. Breuer assisted in defending President
Clinton in the Senate impeachment trial.
Mr. Breuer returned to Covington in
1999 as co-chair of the White Collar
Defense and Investigations practice group, where he
specialized in white collar criminal
defense and complex civil litigation and represented individuals and
corporations in matters involving high-stakes legal risks. He
also vice-chaired the firmís Public Service Committee.
Mr. Breuer developed a
reputation as one of the top defense lawyers in the country.
Full Frontline episode for those who missed it:
CEO of JPMorgan-Chase Says...
'You Donít Need to Know How Banking Works',
...Itís Like an Airliner Engine, Too Complex to Explain - Just Shut Up and Pay Us
by Nick Sorrentino
January 23, 2013
Jamie Dimon in Davos Switzerland today explaining why people donít
need to know whatís going on in the banking world. Itís too ďcomplex.Ē Just
know that their fee comes from managing this ball of financial confusion.
And thatís 'all you need to know.'
There, donít you feel better?
I mean itís not like the world bailed out the
whole banking system or anything.
We should have 'faith'...