Huffington Post

Justice Department Planning To Announce Financial Crisis Charges:

 Aug 21 (Reuters) – U.S. Attorney General Eric Holder is preparing to announce new cases related to the economic meltdown in the coming months as the Justice Department nears decisions on a number of probes involving large financial firms, the Wall Street Journal reported.

 If Holder goes through with this plan unbiased, without picking and choosing, going after all of the crooks that are responsible for the financial melt-down instead of only the “enemies of the state” it will be the most accomplished thing he has done since Obama appointed him.

That remains to be seen. Usually in these types of investigations the people that are the targets are the outsiders that have no political affiliation with the investigators. If they baptized the investigators kid they probably will be home free.

 Holder’s comments come as the U.S. government is taking steps to hold companies responsible for breaking the law in financing the housing bubble that led to the financial crisis.

Holder has made a statement that the Financial Fraud Enforcement Task Force would “continue to take an aggressive approach to combating financial fraud and uncovering abuses” in the residential mortgage-backed securities market. I bet there are a lot of one way tickets being purchased to Venezuela lately.

The companies that are under the microscope so far are  JP Morgan Chase & Co and Bank of America Corp.  Documents’ have shown that the federal government is pursuing new prosecutions of possible abuses in the mortgage-backed securities industry.

I say it is about time that they (the government) does something constructive to penalize the firms who were bailed out on the American taxpayers tab costing the government billions of dollars. They deliberately broke the law because of their greed.

 It remains to be seen if any of the “top dogs” with these firms go to the chopping block. It is rare that the Generals or Colonels ever get the axe; usually the PFC and the Corporal that get their necks nailed to the stock.