Justice Denied, Too Big to Jail

I am appalled that this program is not on the front page of every newspaper and news program in the land and a major source of scandal for the Obama Administration.  I have detailed before how Jeff Merkley has demanded an explanation from Eric Holder about the "Too big to jail" policy at the DOJ, and so far has had no response.  This is a total breakdown in the rule of law in our country.

PBS Frontline "The Untouchables" program did an hour show detailing how the Obama Administration has disabled the rule of law for Wall Street.  As this article in Salon shows, it is now an official policy that no large bankers will go to jail.

"Rooted in historical comparison, it contrasts how the Reagan administration prosecuted thousands of bankers after the now-quaint-looking S&L scandal with how the Obama administration betrayed the president’s explicit promise to “hold Wall Street accountable” and refused to prosecute a single banker connected to 2008′s apocalyptic financial meltdown.
The piece by PBS reporter Martin Smith looks at how Obama has driven federal prosecutions of financial crimes down to a two-decade low. It also documents the rampant and calculated mortgage securities fraud perpetrated by the major Wall Street banks, who, not coincidentally, were using some of the profits they made to become among President Obama’s biggest campaign donors."