Lanny Breuer, Justice Department criminal division chief, is stepping down
Source: Washington Post
Lanny A. Breuer is leaving the Justice Department after leading the agencys efforts to clamp down on public corruption and financial fraud at the nations largest banks, according to several people familiar with the matter.
As one of the longest-serving heads of the criminal division, Breuers tenure has been filled with controversy and high-profile prosecutions. He was admonished for his role in the agencys botched attempt to infiltrate weapon-smuggling rings in the operation dubbed Fast and Furious. And he has been accused of being soft on Wall Street for failing to throw senior bank executives behind bars for their role in the financial crisis.
Read more: http://www.washingtonpost.com/business/economy/doj-criminal-division-chief-stepping-down/2013/01/23/e4331e32-64e0-11e2-b84d-21c7b65985ee_story.html
zentrum
(9,865 posts)It ran last night, (Tuesday) and I'm sure it can be seen in PBS on-line Frontline archives. it was about how not one of the big fat cats at the top has been prosecuted for mortgage fraud. Breuer figures prominently as an apologizer for doing nothing.
antigop
(12,778 posts)wordpix
(18,652 posts)you know, don't prosecute and there'll be a fat job waiting for you on Wall St. Just wait, that's my prediction.
SemperEadem
(8,053 posts)and thought "Bruer needs to go... like today..."
He sounded more like a whiner than anything else.
PoliticAverse
(26,366 posts)factsarenotfair
(910 posts)He should be ashamed of himself.
indepat
(20,899 posts)just as the perpetrators thereof have no shame. It's like no charges could be brought because prosecutors could never connect more than 99 of the 100 dots, and that's just not enough to get a conviction: those pitiful excuses were not plausible imo but did constitute pure male bovine excrement.
xxxsdesdexxx
(213 posts)Good riddance. I hope someone willing to take on the fat cats takes over. The big banks must be broken up -- too big to fail is not acceptable. Those responsible for the economic meltdown must go to jail.
wordpix
(18,652 posts)or one of the other Wall St. banksters b/c now he has federal experience and get stay a step ahead of the investigations.
a kennedy
(29,675 posts)This White House knows all, and I'm sure they were watching and called him pronto after it aired......now let's get someone who'll fry them all.
antigop
(12,778 posts)jberryhill
(62,444 posts)I did not know that. And I will stop before saying something I regret later.
So I will leave it at...
Ugh.
antigop
(12,778 posts)jberryhill
(62,444 posts)Someday when all my assets are in a trust, I may.
zeemike
(18,998 posts)Or someplace like that....time for him to make some real money.
Vinnie From Indy
(10,820 posts)Now he gets paid. It is the way it all works now in America.
antigop
(12,778 posts)wordpix
(18,652 posts)DryRain
(237 posts)leaving. I wish him well in his jail sentence for conspiracy to obstruct justice, for about 20 years.
I wonder if there is someone higher than him who should also serve a sentence, or maybe a few top bankers who will join him
KoKo
(84,711 posts)He had no experience with Financial Crime. Look at the last three paragraphs of the WaPo Article to see what he dealt with in the past to see he was not the one who should have been investigating Wall Street Crime.
KoKo
(84,711 posts)But Breuer and his team were blasted for not indicting the parent company and more of its executives given the broad scope of problems at UBS.
in his drugging scandal and he was in same Law Firm as Eric Holder!'
From the Last Paragraphs of WaPo Article:
"Critics have also decried Breuers routine use of deferred prosecution, which gives the agency the right to go after a company in the future if it fails to comply with the terms of the agreement. They say the use of such tactics amounts to a slap on the wrists of companies that have engaged in egregious behavior. Breuer, however, has argued that the agreements result in greater accountability for corporate wrongdoing.
Breuer made a name for himself as special counsel to President Bill Clinton, whom he represented in the 1998 impeachment hearings and the Whitewater investigation.
Prior to his appointment at the Justice Department, Breuer worked at the Washington office of the Covington & Burling law firm, alongside Holder. While there, Breuer defended former Clinton national security adviser Samuel R. Sandy Berger, who was being investigated for tampering with presidential documents at the National Archives. He also represented baseball pitcher Roger Clemens in proceedings before House Committee on Oversight and Government Reform about the use of steroids."
RickFromMN
(478 posts)KoKo
(84,711 posts)But Breuer and his team were blasted for not indicting the parent company and more of its executives given the broad scope of problems at UBS.
in his drugging scandal and he was in same Law Firm as Eric Holder!'
From the Last Paragraphs of WaPo Article:
"Critics have also decried Breuers routine use of deferred prosecution, which gives the agency the right to go after a company in the future if it fails to comply with the terms of the agreement. They say the use of such tactics amounts to a slap on the wrists of companies that have engaged in egregious behavior. Breuer, however, has argued that the agreements result in greater accountability for corporate wrongdoing.
Breuer made a name for himself as special counsel to President Bill Clinton, whom he represented in the 1998 impeachment hearings and the Whitewater investigation.
Prior to his appointment at the Justice Department, Breuer worked at the Washington office of the Covington & Burling law firm, alongside Holder. While there, Breuer defended former Clinton national security adviser Samuel R. Sandy Berger, who was being investigated for tampering with presidential documents at the National Archives. He also represented baseball pitcher Roger Clemens in proceedings before House Committee on Oversight and Government Reform about the use of steroids."
TheCowsCameHome
(40,168 posts)Fuddnik
(8,846 posts)alp227
(32,034 posts)wordpix
(18,652 posts)This is the executive branch, after all. Pres. O needs to be the change we need b/c Congress sure isn't it, and neither is SCOTUS.