Why Hillary Clinton Won’t Prevent the Next Economic Recession

[nc4bo]

13. To his credit, MO'M has some policies on his website that addresses some of these concerns.

Elevate Focus on Economic Crimes at the Department of Justice

After the financial meltdown, the DOJ fell down on the job of prosecuting financial institutions for breaking the law. Rather than focusing on more time-consuming investigations and criminal prosecutions, they resorted to a fines-only approach of cracking down on law-breaking.

To date, not one single Wall Street CEO has faced criminal prosecution. Compare this stat to the aftermath of the 1980’s savings-and-loan scandal when hundreds of individuals were criminally prosecuted. Changing the culture at the DOJ will start at the top, but it should also be given the resources to investigate and prosecute financial crimes in-house.

Governor O’Malley will:

Create a Standalone Economic Crimes Division Within DOJ. To increase the focus on investigating and prosecuting financial crimes, Governor O’Malley will create a Division of Economic Crimes within DOJ that is separate and co-equal to the criminal division. The economic crimes unit should have an independent budget and be staffed with top prosecutors and FBI agents.
PROPOSAL: ENFORCE REAL PENALTIES FOR FINANCIAL CRIMES
Since the financial crash, the federal government’s key enforcement agencies have sent a message to the largest financial institutions that they are “too big to jail” and somehow above the laws that apply to every other entity and individual in America.

Rather than enforcing penalties that would have real deterrent effects, enforcement agencies have relied almost exclusively on settlements as a punitive measure. As a result, banks like JP Morgan Chase, Citigroup, Barclays, UBS, and the Royal Bank of Scotland have continued to break the law, because they know that they will face nothing more than a slap on the wrist—a fine paid with shareholder money that can often be deducted from their taxes as a business expense.

Require Law-Breaking Banks and their Executives to Admit Guilt, Face Real Consequences

While the DOJ and SEC have touted the large fines they’ve imposed on law-breaking financial institutions, they have failed to implement any policies that will serve as real deterrents against continued law-breaking.

Sen. Sanders hasn't filled out his plan (I wish he would though). Sanders has always spoken up against Wallstreet and I do trust him to protect us from their greed....