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Fri Mar 29, 2013, 12:06 AM

Lanny Breuer Cashes in After Not Prosecuting Wall Street Execs-- Approximate Salary of 4 million $

http://truth-out.org/buzzflash/commentary/item/17885-lanny-breuer-cashes-in-after-not-prosecuting-wall-street-execs-will-receive-approximate-salary-of-4-million-dollars

It's official, and former Department of Justice (DOJ) Criminal Division Chef Lanny Breuer is bragging about it. He'll return for the third to time the white collar (now expanding its clients internationally) legal defense firm of Covington & Burling, but this time at a whopping salary.

According to the New York Times: "Mr. Breuer is expected to earn about $4 million in his first year at Covington. In addition to representing clients, he will serve as an ambassador of sorts for the firm as it seeks to grow overseas."

As BuzzFlash at Truthout has speculated before, one can argue (and the same holds true for Eric Holder, also a Covington & Burling alumni appointee), Breuer was building his value in the marketplace at the DOJ, while Wall Street executives who nearly destroyed the American economy went unprosecuted. And his future value to his old white collar defense firm was dependent, in large part, on him not angering the people who would be the clients of Covington & Burling when he left the Department of Justice. The result, one can contend: no prosecutions of banks "too big to fail" execs as publicly stated as a policy by both Breuer and Holder.

This isn't just a revolving door; one can argue it's a dereliction of legal responsibility by an employee of the people of the United States. One can proffer that it's a cash-in career move by a resume climber who was careful not to bite the hands that will write the checks that will feed him on a lavish scale.

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Reply Lanny Breuer Cashes in After Not Prosecuting Wall Street Execs-- Approximate Salary of 4 million $ (Original post)
antigop Mar 2013 OP
antigop Mar 2013 #1
Mnemosyne Mar 2013 #2
RedCappedBandit Mar 2013 #3
MannyGoldstein Mar 2013 #4
AnotherMcIntosh Mar 2013 #5
ReRe Mar 2013 #16
woo me with science Mar 2013 #20
awoke_in_2003 Apr 2013 #75
KT2000 Mar 2013 #6
NBachers Mar 2013 #7
bhikkhu Mar 2013 #8
MannyGoldstein Mar 2013 #9
bhikkhu Mar 2013 #11
bulloney Mar 2013 #38
bhikkhu Mar 2013 #39
MoclipsHumptulips Mar 2013 #60
abelenkpe Mar 2013 #10
antigop Mar 2013 #12
Volaris Mar 2013 #13
AnotherMcIntosh Mar 2013 #15
Volaris Mar 2013 #19
AnotherMcIntosh Mar 2013 #57
Volaris Mar 2013 #63
red dog 1 Mar 2013 #53
AnotherMcIntosh Mar 2013 #56
rhett o rick Mar 2013 #65
antigop Mar 2013 #14
grahamhgreen Mar 2013 #17
johnnyreb Mar 2013 #18
woo me with science Mar 2013 #21
red dog 1 Mar 2013 #22
AnotherMcIntosh Mar 2013 #58
AzDar Mar 2013 #23
idwiyo Mar 2013 #24
LittleBlue Mar 2013 #25
Fumesucker Mar 2013 #26
KG Mar 2013 #27
woo me with science Mar 2013 #28
forestpath Mar 2013 #29
rucky Mar 2013 #30
Solly Mack Mar 2013 #31
LineReply .
BlancheSplanchnik Mar 2013 #32
Octafish Mar 2013 #33
MannyGoldstein Mar 2013 #68
KoKo Mar 2013 #34
mercuryblues Mar 2013 #35
BlueManFan Mar 2013 #36
OneGrassRoot Mar 2013 #37
grahampuba Mar 2013 #40
DeSwiss Mar 2013 #41
woo me with science Mar 2013 #42
MrScorpio Mar 2013 #43
nineteen50 Mar 2013 #44
bvar22 Mar 2013 #45
WillyT Mar 2013 #46
limpyhobbler Mar 2013 #47
LineReply .
libodem Mar 2013 #48
yourout Mar 2013 #49
red dog 1 Mar 2013 #50
antigop Mar 2013 #52
sfpcjock Mar 2013 #51
nikto Mar 2013 #54
formercia Mar 2013 #73
woo me with science Mar 2013 #55
antigop Mar 2013 #59
AnotherMcIntosh Mar 2013 #74
blkmusclmachine Mar 2013 #61
Smarmie Doofus Mar 2013 #62
rhett o rick Mar 2013 #64
AnotherMcIntosh Mar 2013 #67
Autumn Mar 2013 #66
raouldukelives Mar 2013 #69
DFW Mar 2013 #70
antigop Mar 2013 #71
HiPointDem Mar 2013 #72
Rex Apr 2013 #76
dreamnightwind Apr 2013 #77
antigop Apr 2013 #78

Response to antigop (Original post)

Fri Mar 29, 2013, 12:13 AM

1. kick nt

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Response to antigop (Original post)

Fri Mar 29, 2013, 12:30 AM

2. Wtf nt

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Response to antigop (Original post)

Fri Mar 29, 2013, 12:54 AM

3. Welp, there it is. knr

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Response to antigop (Original post)

Fri Mar 29, 2013, 12:55 AM

4. No shit?

Pretty surprising.

I guess he earned it, fair and square.

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:03 AM

5. Who else at the DOJ is in line to cash in?

 

Is Eric Holder waiting in line?

Isn't this what a civilized society calls "corruption?"

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Response to AnotherMcIntosh (Reply #5)

Fri Mar 29, 2013, 01:33 AM

16. Yeah... it's a revolving door.

... But what was the revolving door policy that PO stated he would require of his administration? At this point, I truly can't remember. Yeah, in lots ofr impelling ways, our governmnet looks like a great big revolving door. Where justice has nothing to do with anything. Yes, we appear to be a corrupt rogue nation now. Power corrupts, and absolute power corrupts absolutey.

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Response to AnotherMcIntosh (Reply #5)

Fri Mar 29, 2013, 01:54 AM

20. YES.

CORRUPTION.

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Response to AnotherMcIntosh (Reply #5)

Mon Apr 1, 2013, 07:03 PM

75. People who still think we are a republic...

are a bit naive.

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:07 AM

6. this just may have

finished me off.
The only way to go from here is total cynicism. We will become a society like Russia and China - accepting of the corruption with success being able to work within it.
We will learn to not speak against power.
That Eric Holder was not replaced and Breuer fired says this goes to the top.

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:07 AM

7. It's not a revolving door, it's a revolting door

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:11 AM

8. Not to forget - a lack of prosecutions is a consequence of persistent budget cuts

The government agencies responsible for tackling fraud have had to work with dwindling resources for years. Out of court settlements are the rule, as trials are costly. Not a good situation, but there are some good people doing the best they can in there.

http://www.huffingtonpost.com/2011/11/15/financial-fraud-prosecution_n_1095933.html

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Response to bhikkhu (Reply #8)

Fri Mar 29, 2013, 01:13 AM

9. Breuer said that the bankers simply weren't guilty of anything.

Didn't mention resources.

How many resources do we have keeping the country safe from pot smokers?

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Response to MannyGoldstein (Reply #9)

Fri Mar 29, 2013, 01:18 AM

11. Couldn't find that quote - do you mean from this?

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Response to bhikkhu (Reply #8)

Fri Mar 29, 2013, 10:18 AM

38. You always get the argument from the RW that we don't need more laws, just enforce the ones we have.

Then, when you press these white collar crime apologists on why there have been no prosecutions on these Wall Street criminals, they'll tell you that they didn't do anything illegal based on what's currently law.

Well, what is it? Do we have adequate laws in the books or don't we?

To today's conservative, if you're rich, it absolves you from anything because you must be right because you're rich.

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Response to bulloney (Reply #38)

Fri Mar 29, 2013, 10:33 AM

39. The laws in this case aren't bad, Dodd-Frank is a good reform package

etc...but all the best laws in the world are useless if they aren't enforced. I don't think that's a RW idea.

The RW approach seems to be selective enforcement, exempting the wealthy. In this case, it is assured by not funding the agency in charge of enforcement, on the one hand, and then (admittedly) by guys like Breuer who don't seem particularly concerned.

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Response to bhikkhu (Reply #8)

Fri Mar 29, 2013, 05:24 PM

60. bullshit. right wing bullshit.

 

reallocate resources.

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:14 AM

10. K&R nt

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:19 AM

12. Link to the NY times article

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:21 AM

13. Christ what a dirty little weasel.

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Response to Volaris (Reply #13)

Fri Mar 29, 2013, 01:27 AM

15. Only one?

 

There are no other weasels guarding the hen house?

How many more weasels do they have? What's their going price?

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Response to AnotherMcIntosh (Reply #15)

Fri Mar 29, 2013, 01:43 AM

19. Oh, I know.

what really pisses me off though is that we allow and abet this kind of shit. We have to do three things:
corporate non-personhood
publicly-funded elections
outlawing PAID lobbyists (if you believe in something enough to go to the Capitol and convince Congress that your cause is worthwile, that's not a thing anyone should have to PAY you for, minus maybe travel expenses).

I think I might write my Senator a letter...



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Response to Volaris (Reply #19)

Fri Mar 29, 2013, 03:57 PM

57. It would be interesting to know whether your Sen responds in a way other than "Thank you for

 

your support. Send money."

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Response to AnotherMcIntosh (Reply #57)

Fri Mar 29, 2013, 06:20 PM

63. Well I live in Missouri, so it's McCaskill were talking about,

so probably it depends on the day=)

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Response to red dog 1 (Reply #53)

Fri Mar 29, 2013, 03:26 PM

56. How soon for Holder? How much is he worth to the banksters?

 

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Response to Volaris (Reply #13)

Fri Mar 29, 2013, 06:36 PM

65. Hey, it's not personal, it's just business.

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:25 AM

14. Link to Corporate Crime Reporter

http://www.corporatecrimereporter.com/news/200/breuercovington03282013/

Lanny Breuer back to Covington

Lanny Breuer is returning to Covington & Burling.

At Covington, the controversial former chief of the Justice Department’s Criminal Division will head one of the top corporate criminal defense practices in the city.

As chief of the Criminal Division, Breuer had to face down politicians, reporters and public interest activists who wanted to know why no major financial institution or executive from a major financial institution has been criminally prosecuted since the financial crisis.

These confrontations resulted in two high profile television news documentaries — one that ran on CBS News 60 Minutes in December 2011 titled Prosecuting Wall Street — and another that ran in January 2013 on PBS’s Frontline titled The Untouchables.

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:36 AM

17. kick (Obama in the butt!)

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:42 AM

18. Get every BAR association on record

Occupy is suing Wall Street federal regulators--

Get every BAR that Breuer and similar figures are members of to take a formal ethical position. Send complaints, document correspondence via certified mail, request formal ethics opinions, occupy, whatever.

http://www.americanbar.org/groups/professional_responsibility.html

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:57 AM

21. CORRUPTION.

LET'S ALL SAY IT: CORRUPTION.

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Response to antigop (Original post)

Fri Mar 29, 2013, 02:02 AM

22. Are the rats fleeing a sinking ship?

Associate Deputy Attorney General Steven Reich, who has overseen the Justice department's handling of Congressional investigations into Fast And Furious and
Aaron Schwartz will depart the Justice Department on April 1

http://www.huffingtonpost.com/ryan-j-reilly/steven-reich-to-depart-justice-department_b_2917912.html/

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Response to red dog 1 (Reply #22)

Fri Mar 29, 2013, 04:08 PM

58. No. There is a general five-year statute of limitations. Those who were hired to enforce the law

 

have let the clock run out or are letting the clock run out.

They are not afraid of anything. They don't view the situation as being on a sinking ship.

They are merely picking up what is due to them from the rich and super-rich, or they are preparing to do so. It is corruption.

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Response to antigop (Original post)

Fri Mar 29, 2013, 02:08 AM

23. ...

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Response to antigop (Original post)

Fri Mar 29, 2013, 02:31 AM

24. K&R

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Response to antigop (Original post)

Fri Mar 29, 2013, 02:35 AM

25. Bribery by another name

Look at the number of ex-officials (even presidents) who give favorable decisions toward companies who later pay them huge speaking fees, or give them cushy jobs with multimillion dollar salaries.

Disgusting.

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Response to antigop (Original post)

Fri Mar 29, 2013, 07:16 AM

26. K&R

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Response to antigop (Original post)

Fri Mar 29, 2013, 07:22 AM

27. I am shocked, SHOCKED to see, um,

not really.

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Response to antigop (Original post)

Fri Mar 29, 2013, 07:55 AM

28. Kick. Keep this on top. nt

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Response to antigop (Original post)

Fri Mar 29, 2013, 07:57 AM

29. K&R Obama's DOJ in action.

 

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Response to antigop (Original post)

Fri Mar 29, 2013, 07:58 AM

30. We should bring back tarring and feathering

just for occasions like this.

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Response to antigop (Original post)

Fri Mar 29, 2013, 08:28 AM

31. K/R

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Response to antigop (Original post)

Fri Mar 29, 2013, 08:55 AM

32. .

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Response to antigop (Original post)

Fri Mar 29, 2013, 09:14 AM

33. Well deserved.

For the non-paupers in spirit, a pot of gold awaits...





Neil Barofsky Gave Us The Best Explanation For Washington's Dysfunction We've Ever Heard

Linette Lopez
Business Insider, Aug. 1, 2012, 2:57 PM

Neil Barofsky was the Inspector General for TARP, and just wrote a book about his time in D.C. called Bailout: An Insider Account of How Washington Abandoned Main Street While Rescuing Wall Street.

SNIP...

Bottom line: Barofsky said the incentive structure in our nation's capitol is all wrong. There's a revolving door between bureaucrats in Washington and Wall Street banks, and politicians just want to keep their jobs.

For regulators it's something like this:

"You can play ball and good things can happen to you get a big pot of gold at the end of the Wall Street rainbow or you can do your job be aggressive and face personal ruin...We really need to rethink how we govern and how regulate," Barofsky said.


CONTINUED... http://www.businessinsider.com/neil-barofsky-2012-8



"Integrity is for paupers." -- traditional saying, ABCNNBCBSFixedNoiseNutworks

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Response to Octafish (Reply #33)

Fri Mar 29, 2013, 08:39 PM

68. Elizabeth Warren 2016

She'll end that shit, I suspect.

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Response to antigop (Original post)

Fri Mar 29, 2013, 09:21 AM

34. It was to be expected... Revolving door......n/t

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Response to antigop (Original post)

Fri Mar 29, 2013, 09:23 AM

35. Yet

women made homeless because of the greed get prosecuted when they send their kids to school with a fake home address. Theft of services, so much for a free education.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x918882

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Response to antigop (Original post)

Fri Mar 29, 2013, 09:58 AM

36. Cha Ching

Chalk one up for the common man. Bwwwwwwaaaaa.....self serving bastard bastard got his payday. That's what he was doing while he fucking over hard working Americans who lost their shirts to greedy bankers. Democracy my ass.

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Response to antigop (Original post)

Fri Mar 29, 2013, 10:00 AM

37. K&R Thank you n/t

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Response to antigop (Original post)

Fri Mar 29, 2013, 10:41 AM

40. probably the underlying narrative of a career politician

Since Thom Hartman posited the notion a few years ago, have looked at most politicians through that lens and then things make sense.

'service' in any political regards is a good career move.

Its like young adults signing up to be pages to learn the innerworkings of congress, but once that illusion of a representative democracy is wiped away the astute businessman realizes that most congressional members are just paid and well dressed pages learning the ways from lobbyists and the real ruling parties of the united states, the corporations.

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Response to antigop (Original post)

Fri Mar 29, 2013, 11:12 AM

41. Some believe that no laws were broken.

Barack Obama: ''Some of the worst and most unethical things that happened on Wall Street weren't illegal.''

- I wasn't aware they'd repealed all the laws against fraud.....

K&R

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Response to antigop (Original post)

Fri Mar 29, 2013, 12:23 PM

42. Keep this kicked.

We are bought and sold.

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Response to antigop (Original post)

Fri Mar 29, 2013, 12:27 PM

43. Of course, he did nt

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Response to antigop (Original post)

Fri Mar 29, 2013, 12:30 PM

44. New age

money laundering. Call it a job when it is payoff.

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Response to antigop (Original post)

Fri Mar 29, 2013, 12:52 PM

45. "Not Prosecuting Wall Street Execs" ?

Now, now, Manny.
You "can't begrudge them their wealth."
I know some of these guys, "and they are just savvy businessmen."
"I mean, look at all the Baseball Players."
"Its the Free Market"
, Manny.

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:35 PM

46. K & R !!!


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Response to antigop (Original post)

Fri Mar 29, 2013, 01:37 PM

47. k/r (nt)

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Response to antigop (Original post)

Fri Mar 29, 2013, 01:38 PM

48. .

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Response to antigop (Original post)

Fri Mar 29, 2013, 02:01 PM

49. "it's a dereliction of legal responsibility by an....."

+1.....if you were in the military it would be dereliction of duty or outright treason.

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Response to antigop (Original post)

Fri Mar 29, 2013, 02:13 PM

50. K&R...Thanks for posting this.

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Response to red dog 1 (Reply #50)

Fri Mar 29, 2013, 02:29 PM

52. and thanks for the K&R. We need to keep this visible nt

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Response to antigop (Original post)

Fri Mar 29, 2013, 02:21 PM

51. Here's a mugshot of the enemy for your mantle.

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Response to sfpcjock (Reply #51)

Fri Mar 29, 2013, 02:53 PM

54. All we can do...

Is pray for a blood clot.

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Response to sfpcjock (Reply #51)

Sat Mar 30, 2013, 11:51 AM

73. Spam Face

New Dick Tracy Bad guy.

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Response to antigop (Original post)

Fri Mar 29, 2013, 03:14 PM

55. Keep it on top.

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Response to woo me with science (Reply #55)

Fri Mar 29, 2013, 04:23 PM

59. Thanks, woo. nt

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Response to woo me with science (Reply #55)

Sun Mar 31, 2013, 02:04 AM

74. x2

 

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Response to antigop (Original post)

Fri Mar 29, 2013, 05:41 PM

61. Savvy.

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Response to antigop (Original post)

Fri Mar 29, 2013, 06:17 PM

62. Arne Duncan's press sec bailed a couple of weeks ago to work for sleazebag Murdoch.

Does that count?

Murdoch's News Corp ( which currently employs Obama's *almost Sec of Ed, Joel Klein) is moving into the trillion dollar ed market in a big way.

Will Arne be next?

And... I know this is dangerous territory here but here goes:

Exactly what plans ( or dreams) does the chief executive himself have for January 2017. He'll still be young and politics so far has brought him everything but megabucks.

Think about it: all his buds will be multimillionaires ( at LEAST) except for him.

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Response to antigop (Original post)

Fri Mar 29, 2013, 06:35 PM

64. So what does our President have to say about this corruption in his administration?

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Response to rhett o rick (Reply #64)

Fri Mar 29, 2013, 06:57 PM

67. Maybe something like "I'm a warrior for the middle-class."

 

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Response to antigop (Original post)

Fri Mar 29, 2013, 06:41 PM

66. Yeah, but he has an emotional pull to them!!!!!

Give the poor guy a break. It's not like any Wall Streeters were injured by this.










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Response to antigop (Original post)

Fri Mar 29, 2013, 10:07 PM

69. Gasp! Its almost as if our govt is bought & paid for! nt

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Response to antigop (Original post)

Sat Mar 30, 2013, 03:54 AM

70. Covington Burling, how interesting

That was one of the firms where my daughter applied for a summer internship during her first year of law school. Apparently she wasn't their type. She ended up being the U.N.'s type--she spent her first summer internship with the U.N. War Crimes Tribunal in Sierra Leone in western Africa. I hate to think what kind of lawyer she might have ended up being, had Covington offered her a job!

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Response to antigop (Original post)

Sat Mar 30, 2013, 09:40 AM

71. kick nt

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Response to antigop (Original post)

Sat Mar 30, 2013, 11:09 AM

72. kr

 

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Response to antigop (Original post)

Mon Apr 1, 2013, 07:06 PM

76. The plutocracy rolls along...

destroying the working class by the 1000's in it's wake. My country is a sad pretender of capitalism.

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Response to antigop (Original post)

Tue Apr 9, 2013, 12:47 AM

77. K & R to bump this thing - eom

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Response to dreamnightwind (Reply #77)

Tue Apr 9, 2013, 09:56 AM

78. thanks. nt

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