9 years ago
1
Despite Epic Crash of World Economy, White Collar Prosecutions at 20-Year Low
Despite lofty rhetoric from politicians who vowed in the aftermath of the 2008 financial crisis to hold Wall Street accountable, U.S. Justice Department statistics show a "long-term collapse" of federal white collar crime prosecutions, which are down to their lowest level in 20 years, according to a new report from Syracuse University.
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"Prior to serving in the Obama Justice Department, both Breuer and Holder worked at white-collar defense firm Covington & Burling," Sirota wrote. "Both of them went back to work for the firm again immediately after leaving their government posts."
And countless other government officials go to all manner of lobby positions in companies after they leave office. Absolute conflict of interest.