hypocritexposer
Well-known member
I wonder if it will be any different with forcing BP to pay. :roll:
"We will be relentless in our investigation of corporate and financial wrongdoing, and we will not hesitate to bring charges," Holder said as he launched a financial fraud task force.
snip
The blunt words of administration officials have triggered debate over whether they have gone too far in appearing to promise difficult cases that critics say might never be filed, in part because they would essentially criminalize an entire business model in the financial industry.
"The attorney general got out ahead of the facts and the evidence in saying, 'We're going to go down to Wall Street with a pitchfork and roust those fat cats out of their offices and put them in jail,' " said Tim Coleman, who prosecuted major fraud cases before leaving the Justice Department five years ago. "This was a case, in general, of people making business judgments and taking risks and having them go badly. That's not criminal misconduct."
A law enforcement official agreed. "I'm not big on using such strong language before your cases are ready," said the official, who spoke on the condition of anonymity to discuss internal deliberations. Referring to a key Wall Street filed during the Bush administration against two former Bear Stearns executives -- a case lost last year -- the official added: "Look what happened with Bear Stearns."
http://www.washingtonpost.com/wp-dyn/content/article/2010/06/17/AR2010061703538.html