Justice Department Continues Pitiful White Collar Crime Cycle
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- Опубликовано: 12 май 2024
- After hitting a record low in President Biden’s first year in office, white collar prosecutions from the Department of Justice have slowly started to increase. The only problem is that the worst offenders keep getting away with the worst kinds of behavior. Mike Papantonio & Farron Cousins discuss more.
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.
After hitting a record low in President Biden's first year in office, while white collar prosecutions from the Department of Justice have slowly started to increase, the only problem is the worst offenders keep getting away with it. Isn't that, that's the story, right?
It is.
Pick up the story. Yeah. Do you remember after the burndown, financial burndown, Wall Street stole eight, what $8 trillion from mom and pop? And then we had Obama comes in, oh, I'm gonna do something about this. This is gonna stop, and some people are gonna be prosecuted. Do you remember that?
Yep.
It's one reason I jump, do you remember me getting up first thing in the morning going on Fox News of all places to defend Obama because I was so convinced that he was gonna do something meaningful about all this? I mean, that was my talking point. How do we not do something about this? Time after time we heard, that was his point. Not just him, but virtually every president that runs, we're gonna do something. We're gonna clean up the white collar criminal problem in this country. Well, do you know what? After that was done, he let virtually everybody go. Nobody, none of those bankers, not one single banker went to prison. The documents and the conduct was overwhelming. It was criminality from top to bottom. Everybody walked free. It's just the new norm, isn't it?
It is. And on top of that, a couple years into Obama's administration, we had the BP Deepwater horizon.
Good. I forgot about that.
Obama came out and said, you just tell me who's to kick. Those were his exact words, tell me who's to kick.
Right. Right. As if he.
Well, nobody got their kicked. Everybody got off scot free, even with all of the horrible things we learned. And this cycle just continues itself. And so this story comes out and says, hey, look, we've actually had an uptick in white collar prosecutions. The DOJ actually prosecuted nine more people.
Nine.
Nine.
Not 90, but nine.
Nine more than we did the year before. So, hey, we're winning. But then as Public Citizen points out, you look at the numbers and you realize, wait a minute, wait a minute. Whoa. You're not actually prosecuting the big corporate people. You're prosecuting small business owners.
Put that in perspective.
People with less than 50 employees, you're going after the little local pizza joint on the corner. But you call that a corporate prosecution. Meanwhile, you've got the bankers, you've got the Boeing CEOs, you've got the pharma CEOs, they're killing people. And oh, well, we like them, but yeah, we're gonna get the little clothing shop around the corner.
76% of the prosecutions were for corporations that had fewer than 50 employees. Okay. The rest of the prosecutions, there weren't any. If you had a thousand employees, you weren't, you got something called deferred prosecution. Explain to the viewers what that means.
Yeah. This is basically the slap on the wrist. That is the DOJ coming to you and saying, listen, we know deep down you're good people, so we're not gonna hold you accountable. There's gonna be a fine, so give us some money and that's what they, the DOJ loves their fun money. And they get to spend that money that they bring in, that is essentially their big piggy bank. And so they would rather get the money by themselves new offices, new company cars, new computers.
Cool SUVs.
Exactly. And that is what they do because we've done that story too. But then these companies say, okay, well we won't do it again. Two years later, they'll be back in front of those DOJ lawyers saying, okay, we did it again.
What a disappointment Garland has turned out to be...
Agree totally and bigly too
Garland is a terrible Attorney General.
He should have been fired after his first year as A.G.
Agree Merrick Coward Garland Worst ever AG 🎉
scapegoat cog in the machine like a good little peasant
Gutless Garland needs to be removed from the DoJ, and an effective AG be appointed.
Biden should fire Merrick and replace him with someone with an actual spine and a care for democracy.
Clueless Joe doesn't even pretend he wants to get rid of trump appointee Louis DeJoy who is running the USPS to the ground. Another day at the WH -- business as usual.
Garland isn't spineless, he's just evil. He's doing the same things he did as a corporate stooge.
Anybody would get sniped out or visit the side of a window with no floor under it.
Yeah, but Biden lets them get away with it, which brings me to wonder who is pulling the strings behind these government leaders
your naivete Biden's in on it hello
Garland should have been replaced long ago!!! He's useless!!!
Garland is worthless.
Totally and completely 💯
Look weasel up in the dictionary, you'll find a picture of Merrick Garland. He weaseled out of his job, under the run out the clock tactic.......Only under pressure from the media did Garland appoint Jack Smith to do did job Garland should have done. Thank God for Jack Smith.
Merrick Garland should be investigated. Maybe he's hiding a secret.
It's no secret that his job as a lawyer was protecting corporations from the consequences of hurting or killing people.
Agree great idea 💡
The problem is.. a lot of people think garland is a liberal because Obama nominated him. Obama did that because he set up right wingers to turn down a conservative to the bench because just it was Obama who put him up. Merrick garland is not a friend to democrats. Never was. Biden must fire him
RIP VAN WINKLE Garland his legacy-Let Trump of the HOOK!!!!!
Yes he did it Matt Gaetz too
@@charlesasmith7836Maybe, allegedly birds of a feather 🪶 is all I’m gonna say. Why else would you allegedly let someone walk free who’s been implicated in the things Matt G has been without even an investigation? Garland is a spineless, gutless …. Add the rest of the adjectives…fire him immediately!
Merrick Garland is lame
Greed is going to be our undoing in this country.
Yep
Does Merrick, Have A Soft Spot, For These FOOLS????!!!!
Yes.
@@princecharon I was thinking, the same! Why did President Biden pick him??!!
@@FranklinWilson-ev9dq As compensation for his not getting a Supreme Court seat due to Moscow Mitch saving the seat for a Republican appointment. Ask rather why Obama picked him for the SC, which I would guess is 'to avoid rocking the boat, to avoid appearing too partisan.'
@@princecharon like that would be, a real consideration??!! They fought Obama, every inch, of the Way!!!!!!!! Couldn't Have that Black Man Succeeding, could they????!!!!
They’re not going to put anyone in jail that give them money. Period. They’re not going to shut off their personal gravy train.
What is wrong with the Department of Justice??
At this point, GARLAND ranked up there with BARR as some of the worse A.G. in American history.
Garland is incompetent
💯
I wouldn't say incompetent I'd say he's cowardly.
The better the suit, the higher up the ranks is the criminal! Hmmmm?
The Amerikkkan injustice system continues to work exactly as it was intended to.
Beside Garland’s failure on holding big business accountable. He slow walked Trump’s investigation.
Someone from Boeing belongs in prison after the MAX-8 tragedies.
Garland is a joke.
Merrick is a failer..
This guy is a joke!🤮
Bigly
Shame!
Biden has to retire Garland in Jan 2025.
I agree first thing on Biden's 2nd term agenda 💙 give him the marching orders with immediate effect 🎉
Exactly
Welcome to AMERICAN JUSTICE 🤮😤
This is what we call capitalism.
Welcome to reality.
Garland has turned out to be the single biggest disappointment in the history of the DOJ.
We’re almost lucky that Garland didn’t get the seat, his a pitiful DOJ chief, I’ll be glad when he’s gone.
All of these politicians and lawmakers one day, are going to retire.
On that day they’re gonna need those directorships and handouts. Otherwise, how will they maintain the lavish lifestyle they’ve grown accustomed to.
It’s a gravy train.
Until that _revolving door_ caper is outlawed, you can expect crooked hacks to cash in.
Until we elect better leaders and hold them accountable for looking out for our interests, we will continue to have government for the rich. That takes an educated constituency who can recognize the effects of the laws they are passing.
Harris should have been AG not VP
Warning America!!
Stranger danger ,who is this guy?
Big business RULES ! THEY WILL NEVER GO AFTER THEM THE WAY THEY GO AFTER THE LITTLE GUY ! SIMPLY BECAUSE WE DON'T HAVE THE MONEY TO CONTEST THEIR RULINGS ! VOTE BLUE from now on and maybe one day things will change.
For white collar criminals with money, that is. They have done a little bit with the poorer people.
The worst thing is that if convicted they just cop a fine. This penalises the shareholders. Prison is the only penalty that will get through to corporate executives.
DOJ and the courts need get serious about high level crime.
They persist in the notion that predators (the rich) are somehow better than people (the rest of us).
They're not better/superior, just more EVIL.
I was so angry when this happened during the Obama administration!!🤬🤬🤬
And ( maybe barring drugs ) this is the type of crime that hurts most families in the world.
The present attorney general is a disgrace to the office. He has not back bone to do the job
It’s much easier to court the donors than prosecute them.
They can't have the corporate donors tossed in jail.
Look and Garland and you'll see a useless person. Let's investigate him. Doesn't sound right.
I'm not sure it can be called a 'new normal,' when AFAICT white collar criminals knowingly killing large groups and getting away with a small fee has been happening all along. It's only the numbers that have gotten bigger, because population growth and the advancement of technology make that possible.
A 1% fine is a joke. It is just a cost of doing business. And, they probably deducted the fine from their taxes, meaning the taxpayers actually paid the fine.
This isn't a bug, it's a feature. The rich will always be coddled because they write the laws.
I thought it was just me that Mary Garland wasn't doing a damn thing about corporate crime Donald Trump the supreme Court justices and the other corrupt judges that work for Donald Trump it's a damn shame
Money makes the world go round, the world go round!!!
It's also the reason the world is circling down the toilet.
Garland was deboned by Reagan like all Boomer politicians.
Merrick Garland is a big disappointment. This term as AG has not been good. It sure has not been anything like his past record as a lead prosecutor and his time as a federal judge. White collar crime is a down right disgrace. Merrick Garland should be replaced with Glenn Kirshner.
NO ONE in Congress is doing their job, PERIOD!!!!!
Wrong because congress is controlled by industry
Merrick Garland has turned out to be a cowardly disappointment.
Wrong that's your poor people perspective.
Garland is useless.
How is that the "new normal"? It's been that was for my entire life and I was born in 1988?
Actually, you wanna blame somebody then blame congress they refuse to fund the justice department and so investigating and gathering evidence becomes a matter of triage
Unfortunately this is not an uncommon thing throughout history. I enjoy watching videos about disasters and there have been so many manmade disasters where nobody was held accountable. Even though there are copious amounts of evidence that the owners of a company did something wrong that led to the disaster, they still seem to get away with it. Thousands of people could die and the courts would find them not guilty. The one that immediately came to mind was the Triangle Shirtwaist Factory fire. The owners locked the fire escape doors because they were afraid the workers would steal the product if they weren't checked at the door when they left. One hundred and forty six people died, yet the owners were found not guilty of manslaughter. Unfortunately, time after time, the rich and powerful tend to get away with literal murder.
if the punishment is a fine its only illegal for the poor. just the cost of doing business.
Garland is useless
Mr President please replace this non doer with Mr Jack Smith.the real doer.
Get Biden back in and then campaign for someone else
Lmao biden is screwed, your messiah farron is a moron 🤣
Fire Merrick garland. What an extreme disappointment. It’s infuriating
Cry
Grrrrr
4ta
We got to go at corps.the same way we go after Trump..We also soft on churches and clergy
Isn't that what always happens the rich get away with everything and they wonder why we don't have trust in the system
Does Merrick, Have A Soft Spot, For These FOOLS????!!!!