Thursday, March 7, 2013
Justice Department Admits They're Soft on Fraud
As I've said in several posts in the past, including this one, the Justice Department under this administration is very soft on prosecuting fraudsters. As a result, the key players who caused the mortgage meltdown have been essentially given a "get out of jail free" card. Interestingly, Eric Holder, head of the Justice Department has even admitted that they don't prosecute fraudsters. In Holder's view, doing so would hurt the economy! Amazing!! This definitely explains a lot... Here is a great write up of this absurd and twisted logic by Barry Ritholz...It's pretty short and well worth reading.