Re:Equifax securities fraud class action [pdf]
by ahi on Tuesday October 22, 2019 @04:17PM
(#21328100)
This is a terrible take. For 8 years, whenever Obama or Holder were asked to make things right at the expense of their future employers, they proclaimed just how powerless they were. The White House and the DOJ have the power to squash wall street like bugs, and make "normal people" whole. They CHOSE not to.
Also I get that it's Wikipedia, but the comparison to Bush is ridiculous. The Enron story is a long one. Here's Gray Davis's perspective on exactly what it means that the Bush DoJ "sought criminal charges:"
> "I inherited the energy deregulation scheme which put us all at the mercy of the big energy producers. We got no help from the Federal government. In fact, when I was fighting Enron and the other energy companies, these same companies were sitting down with Vice President Cheney to draft a national energy strategy."
Furthermore the whole reason Holder is using the term "collateral consequences" instead of "collateral damage" is because that term was used by Dick Cheney and the press to describe why he does not care about civilian deaths in Afghanistan and later Iraq. It would be a stretch, but surely the lack of investigations into no-bid war contracts like Halliburton's had as much to do with their "collateral consequences" on military operations as it would on their paychecks.
Obama inherited multiple quagmires due to disregard of the consequences of criminal justice policy.
Normal people will never be on the wrong side of a banking fraud, except if their bank goes out of business. What is justice there?
So while I believe bad people should go to jail, I sympathize with Holder's point of view.