No criminal charges against WaMu: 'Revolution, anyone?'

[n2doc]

August 8, 2011 | 10:45 am

It was the biggest bank failure in U.S. history, and the announcement by the U.S. Attorney's office in Seattle that no criminal charges will be filed against former executives of Washington Mutual generated a good head of righteous steam over the weekend.

"This is an outrage! Revolution, anyone?" one commentator wrote the Seattle Times, while another complained: "So the regular Joe makes a mistake and gets his hand cut off, but if the big kingsmen make a mistake, nothing happens."

A brief statement by U.S. Atty. Jenny A. Durkan's office Friday said that a federal task force looking into the September 2008 failure, which followed years of high-risk loans in the midst of the nation's increasingly tenuous housing bubble, found no evidence of prosecutable criminal wrongdoing -- however dubious the management seemed to the thousands of investors who lost their shirts.

"Investigators have conducted an extensive investigation that included hundreds of interviews and the review of millions of documents relating to the operations, and the subsequent failure, of Washington Mutual Bank," the Justice Department statement said. "Based upon its investigation, the Department of Justice has concluded that the evidence does not meet the exacting standards for criminal charges in connection with the bank’s failure."


more

http://latimesblogs.latimes.com/nationnow/2011/08/washington-mutual-justice-department-criminal-charges.html

[The_Casual_Observer]

1. A guy was savagely and sadistically beaten to death by cops in Fullerton last week because

they suspected that he was rifling through a couple of cars glove boxes.

[Name removed]

2. Deleted message

Message removed by moderator. Click here to review the message board rules.

[ixion]

3. "meet the exacting standards for criminal charges"

Notice how the standards are 'exacting' for the banksters, but for the rest of us, all it takes is a phone call from a annoyed neighbor, and PRESTO! The jack booted thugs are kicking down your door, traumatizing your family, stealing your belongings, beating the crap out of you, and hauling you off to jail... all without a warrant. They don't even have to bother with those pesky 'charges'.

This is what is wrong with our system.

[CanonRay]

4. Once again, our new two tiered "Justice" system at work

Too bad we're on the bottom tier. Don't steal a $20 from a 7-11 or you're in deep doo doo.