The New York Times reports that Attorney General Holder “defended the Justice Department’s record on financial fraud Thursday evening, asserting that the administration’s ‘record of success has been nothing less than historic.’” In a speech at Columbia University, Holder said, “From securities, bank and investment fraud to mortgage, consumer and health care fraud — we’ve found that these schemes are as diverse as the imaginations of those who perpetrate them, and as sophisticated as modern technology will permit.” The Times notes that critics “have faulted the Justice Department for not pursuing criminal cases against the banking executives whose conduct helped bring about the 2008 global financial crisis and subsequent deep recession.”
Reuters reports that Holder said federal prosecutors have charged more than 2,100 individuals with mortgage fraud-related crimes in the past two years, and have taken in some $4 billion in healthcare fraud recoveries in the past year, and quotes him as saying, “We found that much of the conduct that led to the financial crisis was unethical and irresponsible. But we have also discovered that some of this behavior — while morally reprehensible — may not necessarily have been criminal.”
The Wall Street Journal reports that Holder said, “Real people are hurt. Real people are suffering. Not every case ends upon the front page of the New York Times, but by the sheer number of cases the Justice Department has been a success. And we’re not done.”
-Via Chicago Daily News Bulletin
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