Friday, 10 August 2012

Justice department drops Goldman probe

Washington's revolving doors make it easy (and unbelievable for many of us) that not a single criminal conviction has been made over the past 4 years.

"Eric H. Holder, Jr. was sworn in as the 82nd Attorney General of the United States on February 3, 2009.  Prior to becoming Attorney General, Mr. Holder was a litigation partner at Covington & Burling LLP in Washington (between 2001 and 2009).

Covington's White Collar Defense & Investigations Practice is widely recognized not only for litigating and winning high-profile criminal cases, but also for devising creative legal strategies to resolve cases long before they draw public scrutiny.  Covington's long-standing record of excellence in defending clients in complex criminal and regulatory enforcement cases has earned the firm a deep and invaluable reservoir of credibility with courts, prosecutors and regulatory agencies nationwide.

Our white collar practice includes 30 partners, most of whom are former prosecutors and SEC enforcement attorneys who have held senior positions in United States Attorney's Offices, the U.S. Department of Justice, the White House, the Securities and Exchange Commission, and other government agencies involved in white collar criminal and regulatory enforcement."

The key bit in the article is "based on the law and evidence as they exist at this time".  The laws are made by the legal lobbyists with the specific goal not to deter crime, but to allow their customers to walk away smiling, ready for their next political job from which they would vigorously defend the interests of their old friends, while publicly talking about the need to foster private initiative and a healthy financial system to encourage job creation and economic growth.  You know the speech already.

The sad thing is if Obama (whose rhetoric is strongly contradicted by his behaviour and results) looks more at how his campaign financing is assured than to how to make social justice, curb down the white collar crime and weaken the lobbyists, brace for Mitt's (so far unlikely) arrival.

Poor democracy...  What a charade.

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