In JPMorgan case, a potentially potent alliance for state, federal prosecutors

, The National Law Journal

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The announcement Monday night to sue JPMorgan Chase & Co. was a long-awaited legal shot from state and federal authorities against big banks that will rest on a New York state law that gives prosecutors the chance to punish Wall Street for its role in the financial crisis.

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What's being said

  • Judson Witham

    What a Load Of CRAP ..... The Government will do what Protect the Government By Clawing back what 5% Potent Alliance HA HA HA HA HA Sekking the Con Already. What about the Victims the Home Owners ????? Yeah Potent My Fanny and Yeah Freddie was involved as well as FHA and HUD and the Whole Gang. FACT IS The Realty Based Lootings and First Am and the Fannie and Freddie and HUD and FHA and VA and DOJ/FBI/SEC and Many Many Other Government Agencies have been going at this RICO and FRAUD Pyramid and Ponzi Con TWISTED LOOTING OF AMERICA for many many DECADES .... Over Three Centuries ACTUALLY ...... http://www.bing.com/search?q=Fraudclosure Subprime MERS RICO Judson Witham&go&qs=n&form=QBRE&pq=fraudclosure subprime mers rico judson witham&sc=0-0&sp=-1&sk

  • Pancho

    This is way overdue. I imagine that if Elliott Spitzer had not been run out of office, NY State might have proceeded with charges long ago. Wall Street was out to get him after his successful prosecutions. It may well have been the principal factor in his demise, aside from his own unrelated lascivious behavior.

    Progressives around the country have been extremely unhappy with Obama and Holder for their collective failure to prosecute the apparent criminality of these banking and lending industry executives who played their prominent roles in bringing the country to its economic knees and precipitated millions of foreclosures, often based on fraudulent filings.

    Holder has reminded us of John Ashcroft. They both relentlessly pursued licensed and taxpaying medical marijuana providers around the nation. Ashcroft was even supremely distracted as he prudishly covered up statuary anatomy at the DOJ. He filed charges against doctors assisting the intentional suicides of patients in Oregon who were unable to find relief from their terminal pain, as they only sought death with dignity.

    At the same time he ignored reports from FBI field agents from Minneapolis and Arizona concerning Saudis who were paying cash for flying lessons in commercial airline classrooms and simulators while exhibiting supreme disinterest in learning how to land and take off.

    Holder has also ignored the war crimes committed by the Bush administration in its relentless and mendacious pursuit of the invasion and occupation of Iraq, preferring instead to charge whistleblowers and members of the media who revealed the iniquity of it all.

    The rather obvious perjury under oath of Alberto Gonzales before congress, as well as that of Brad Schlozman, has also been unaddressed, while statutes of limitations have likely run out.

    Lastly, Holder has been engaged in the aggressive promotion of the larcenous for-profit prison industry, with the US Marshals Service and OFDT and ICE writing tens of millions of dollars in wholly unnecessary and prodigiously expensive contracts for imprisonment and detention. His nomination of Stacia Hylton, who has played a prominent role at the center of these schemes, to come out of revolving door retirement from the OFDT to head the USMS, has to be one of the worst DOJ choices in recent memory.

    If anything, this eventual interest in Wall Street crimes is welcome. Politically, however, it is unfortunately, "too little, too late."

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