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In reply to the discussion: The problem with Matt Taibbi's piece... [View all]SomethingFishy
(4,876 posts)There was no "missed opportunity" here. The Justice Dept decided to let these guys buy their way out of jail. Period. There was no opportunity to do anything. The article states:
I"nstead, the government decided to help Chase bury the evidence. It began when Holder's office scheduled a press conference for the morning of September 24th, 2013, to announce sweeping civil-fraud charges against the bank, all laid out in a detailed complaint drafted by the U.S. attorney's Sacramento office. But that morning the presser was suddenly canceled, and no complaint was filed. According to later news reports, Dimon had personally called Associate Attorney General Tony West, the third-ranking official in the Justice Department, and asked to reopen negotiations to settle the case out of court.
It goes without saying that the ordinary citizen who is the target of a government investigation cannot simply pick up the phone, call up the prosecutor in charge of his case and have a legal proceeding canceled. But Dimon did just that. "And he didn't just call the prosecutor, he called the prosecutor's boss," Fleischmann says. According to The New York Times, after Dimon had already offered $3 billion to settle the case and was turned down, he went to Holder's office and upped the offer, but apparently not by enough.
Read more: http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106#ixzz3IKbR96Ej
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