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Schweizer: Eric Holder’s Goldman Sachs Cronyism

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Obama's Legion of Flash Mobs

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Aug 14, 2012, 5:13:10 PM8/14/12
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Schweizer: Eric Holder�s Goldman Sachs Cronyism

BY: Washington Free Beacon Staff
August 14, 2012 11:19 am
http://freebeacon.com/schweizer-eric-holders-goldman-sachs-cronyism/

The Department of Justice recently decided to not prosecute Goldman
Sachs or any of its employees in a financial fraud probe�yet another
sign of cronyism by Attorney General Eric Holder, according to Peter
Schweizer:

The news is likely to raise the ire of the political left and right,
both of which have highlighted one of the most inconvenient facts of
Attorney General Eric Holder�s Justice Department: despite the Obama
administration�s promises to clean up Wall Street in the wake of
America�s worst financial crisis, there has not been a single criminal
charge filed by the federal government against any top executive of
the elite financial institutions.

Why is that? In a word: cronyism.

Holder�s inaction to prosecute Goldman Sachs does not surprise
Schweizer. He writes that Goldman employees donated a combined
$1,013,091 to Obama�s campaign in 2008, and that some Goldman
executives began �flooding Obama campaign coffers� when the Senate
Permanent Subcommittee on Investigations released a scathing report on
Goldman�s Abacus deal in April 2011.

Schweizer also notes that while the Justice Department�s Financial
Fraud Enforcement Task Force has a list of fraudulent individuals they
have successfully prosecuted, these individuals are �shockingly small
compared with the Wall Street titans the Obama administration promised
to bring to justice.�

Schweizer�s indignation at Holder�s lack of action is echoed by the
Huffington Post�s Richard Eskow:


More and more Washington insiders are asking a question that was
considered off-limits in the nation�s capital just a few months ago:
Who, exactly, is Attorney General Eric Holder representing? As scandal
after scandal erupts on Wall Street, involving everything from global
lending manipulation to cocaine and prostitution, more and more people
are worrying about Holder�s seeming inaction�or worse�in the face of
mounting evidence.


CB
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