US Federal Prosecutions For Financial Fraud In the Obama Administration Fall to Record Lows
Jesse's Cafe Americain, 16 November 2011
The declines in US Federal prosecutions for financial fraud that began under G.W. Bush have followed that down trend that in the first three years of the Obama Administration. That might make more sense if Obama had not been elected as a reform president in response to one of the greatest financial frauds in American history.
In the first three years of the Obama Administration, federal prosecutions have been running at new highs. Over half of the prosecutions involve illegal immigration. Another 17% are drug related.
Illegal immigrants and drug dealers have the reputation for being notoriously cheap in providing campaign contributions.
Prosecutions for financial fraud however have dropped to the lowest levels in over 20 years.
Read more (including NYT article).
Phi Beta Iota: When Goldman Sachs continues to “own” the Secretary of the Treasury, has its own lobbyist in the office of the National Security Advisor to the President, and can count on a the Fed Chairman–as always, both Jewish and ensnarled in conflict of interest relationships with the major private banks, we can only conclude that Bush-Obama are one.
