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phleshdef

(11,936 posts)

38. Investigations into the kind of large scale financial fraud are a lot more complicated...

Fri Jan 24, 2014, 06:35 PM

Jan 2014

...and take a lot longer than say, busting a medical marijuana dispensary because its violating a fairly simple to navigate law.

Don't take me wrong. I'm pro-marijuana legalization all the way. But the situation deserves context.

There have been ongoing investigations into the financial institutions since its earlier years. But those things take time. I know we live in this instant gratification society with a short attention span, but Christ, lets be reasonable.

Holder said more prosecutions are coming. And I think theres a good case for taking a lot of time to determine who broke laws vs who took advantage of legal loopholes, in which case we are talking about something prosecutable. Our entire financial system is a massive web of shit.

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Highlight:

Holder says no bank 'too big to indict,' more financial cases coming [View all] Newsjock Jan 2014 OP

Now that the statute of limitations on fraud has expired... MannyGoldstein Jan 2014 #1

+1 The timing is almost too perfect Moliere Jan 2014 #15

+1 liberal_at_heart Jan 2014 #17

Exactly. Asses have been covered, emails deleted, papers destroyed ... 1000words Jan 2014 #18

Eric Holder, hand maiden in the Dimond Dance of Doom for you and me. roguevalley Jan 2014 #23

+1 SoapBox Jan 2014 #19

Thank you. woo me with science Jan 2014 #22

Notice what? ... 1StrongBlackMan Jan 2014 #52

Please reference this document. TM99 Jan 2014 #71

Here ya go ... 1StrongBlackMan Jan 2014 #74

As far as the statute of limitations is concerned, ronnie624 Jan 2014 #84

I know you support this president and his administration TM99 Jan 2014 #87

Yes, I do support this President and his administration, though NOT unconditionally ... 1StrongBlackMan Jan 2014 #88

It is very clear. TM99 Jan 2014 #89

it seems that 1StrongBlackMan Jan 2014 #90

I appreciate your reply. TM99 Jan 2014 #91

Okay, This will be my last post on this topic ... 1StrongBlackMan Jan 2014 #92

Thank you for taking the time to clarify that. TM99 Jan 2014 #95

Well ... 1StrongBlackMan Jan 2014 #96

This is what leads one to pause. TM99 Jan 2014 #97

Is that correct? I thought after the Savings & Loan disaster congress made it 10 yrs for banks. nt okaawhatever Jan 2014 #40

You are correct. n/t 1StrongBlackMan Jan 2014 #42

Sadly, no. MannyGoldstein Jan 2014 #55

No it hasn't ... 1StrongBlackMan Jan 2014 #93

You may be right. MannyGoldstein Jan 2014 #94

Where do you get that from ... 1StrongBlackMan Jan 2014 #41

AFAIK, all of the press is saying that the 5-year window expired MannyGoldstein Jan 2014 #56

Okay ... 1StrongBlackMan Jan 2014 #57

What's in those sections it calls out? MannyGoldstein Jan 2014 #59

Did you go to the link? ... 1StrongBlackMan Jan 2014 #60

It's funny how people on DU can bemoan the press 99% of the time davidpdx Jan 2014 #62

They trust the press ... 1StrongBlackMan Jan 2014 #66

It links to laws. MannyGoldstein Jan 2014 #67

The press doesn't often flat-out lie? ... 1StrongBlackMan Jan 2014 #69

AFAIK, they passed along lies MannyGoldstein Jan 2014 #70

And this is exactly what the press is doing in this case ... 1StrongBlackMan Jan 2014 #73

Plus, when it comes to fraud, there usually is an extension to account for discovery of the fraud treestar Jan 2014 #79

Actually, that's not the case ... 1StrongBlackMan Jan 2014 #83

BTW ... 1StrongBlackMan Jan 2014 #64

As far as I know... nt MannyGoldstein Jan 2014 #65

Manny, I think 1StrongBlackMan is right. Jackpine Radical Jan 2014 #78

Won't be convincing to people determined to believe Holder and Obama treestar Jan 2014 #80

Looks like it's a bit murky: MannyGoldstein Jan 2014 #86

+1 a shit load...........nt Enthusiast Jan 2014 #72

First thought to cross my mind on seeing the headline, too. Jackpine Radical Jan 2014 #77

Hey Eric, there's people commiting those crimes, not "institutions". Scuba Jan 2014 #2

Reading is your friend. phleshdef Jan 2014 #3

Of course they can be indicted. Lasher Jan 2014 #11

I was just responding to what the other poster said. phleshdef Jan 2014 #12

Recognizing that individuals were behind the Wall Street games Aerows Jan 2014 #36

Investigations into the kind of large scale financial fraud are a lot more complicated... phleshdef Jan 2014 #38

Blah blah blah Aerows Jan 2014 #39

Sounds like the opinion of someone that doesn't understand the situation. phleshdef Jan 2014 #58

And does not wish to. treestar Jan 2014 #81

Yes ... 1StrongBlackMan Jan 2014 #43

Yeah, it's really rough Aerows Jan 2014 #46

Holder has been seeking campaign donations? Do tell? n/t 1StrongBlackMan Jan 2014 #51

and yet no one is going to jail. Burf-_- Jan 2014 #5

Different set of laws ... 1StrongBlackMan Jan 2014 #44

+1000 !!!! orpupilofnature57 Jan 2014 #76

Then they fork over some money and recieve a get out of jail free card. yourout Jan 2014 #4

Indict! Indict! Indict! hrmjustin Jan 2014 #6

Who needs evidence, testimony, witnesses, or specific charges? FrodosPet Jan 2014 #7

How long has it been..... raindaddy Jan 2014 #9

Did the investigations just start? FrodosPet Jan 2014 #13

It's more than that ... 1StrongBlackMan Jan 2014 #47

More talk than anything else.... raindaddy Jan 2014 #63

Okay. n/t 1StrongBlackMan Jan 2014 #68

+1 n/t 1StrongBlackMan Jan 2014 #45

Watch out bankers, you're going to get your wrist slapped! progressoid Jan 2014 #8

The tongue-lashing will be epic. n/t Aerows Jan 2014 #37

"we have other things that are in the pipeline" like busting pot dispensary's. L0oniX Jan 2014 #10

What has suddenly gotten into Holder? Has he been quietly investigating all these cases for all this jwirr Jan 2014 #14

Statute of Limitations ran out Aerows Jan 2014 #31

No it hasn't. n/t 1StrongBlackMan Jan 2014 #48

You can count on it ... 1StrongBlackMan Jan 2014 #49

He should have told Lanny Breuer that on day one Jack Rabbit Jan 2014 #16

Holder your a fucking joke. Phlem Jan 2014 #20

If this wasn't so freaking hilarious... Javaman Jan 2014 #21

Bullshit ! You, sir, are a toady to the financial institutions. russspeakeasy Jan 2014 #24

I'm waiting with bated breath. JDPriestly Jan 2014 #25

I call TOTAL BS! lark Jan 2014 #26

Wall Street Unknown Beatle Jan 2014 #27

Riddle me this, Mr. Holder: Brigid Jan 2014 #28

Different laws ... 1StrongBlackMan Jan 2014 #53

I will believe it when I see Jamie Dimon handcuffed Kelvin Mace Jan 2014 #29

I'm guessing he doesn't have any boxes in his garage Aerows Jan 2014 #34

I see he's changed his mind. DeSwiss Jan 2014 #30

It's easy to talk tough now Aerows Jan 2014 #33

I know. DeSwiss Jan 2014 #35

Oh look Aerows Jan 2014 #32

Dude, ... 1StrongBlackMan Jan 2014 #50

Actually has done more on white collar crime than the last three GOP AGs combined. But then kelliekat44 Jan 2014 #61

Selective memory = selective indictment. blkmusclmachine Jan 2014 #54

Talk is cheap, Mr. Holder. I'll believe it when I see it. magical thyme Jan 2014 #75

Why some cannot admit he is doing what they wanted treestar Jan 2014 #82

Any Day Now jsr Jan 2014 #85