DOJ Admits To Banks Scare Tactics Stop Indictments

DOJ’s head of Criminal Division, Lanny Breuer has admitted in a speech he gave at the NYC Bar Association on Deferred Prosecution Agreements, that scare tactics used by the banks lawyers, CEOs and economists actually do stop his office from indicting them for the frauds committed upon American homeowners and taxpayers!

He stated: "the decision of whether to indict a corporation, defer prosecution, or decline altogether is not one that I, or anyone in the Criminal Division, take lightly. We are frequently on the receiving end of presentations from defense counsel, CEOs, and economists who argue that the collateral consequences of an indictment would be devastating for their client. In my conference room, over the years, I have heard sober predictions that a company or bank might fail if we indict, that innocent employees could lose their jobs, that entire industries may be affected, and even that global markets will feel the effects. Sometimes – though, let me stress, not always – these presentations are compelling".

Excuse me? An indictment would be devastating for their client? They've made 100's of billions of dollars on this huge ponzi scheme of foreclosure fraud! And how devastating is it to the homeowner who loses his home? But that doesn't seem to stop any kind of prosecution there!
Is it any wonder why the OIG won't go after the lenders who falsified loan paperwork that were sold to Fannie Mae & Freddie Mac that taxpayers money are on the hook for to the tune of $187 - $360 billion for, but are looking to "lock up" homeowners who have walked away from these fraudulant mortgages? (See my article on More Governmental Double Standards for full story). When you have the OIG who won't go after the bank crooks and the DOJ who won't indict them (in fact in his speech, he states how proud he is to how well his office has worked with them!), a congress & president who bails them out with taxpayers money and then the whole aforementioned system joining in with the court system to hunt down and prosecute homeowners and rubber stamp the banks claims, is it any wonder why people are losing their homes, businesses, livelihoods, families and sometimes their very lives?