Rant of the Week

Lanny Breuer's New Old Job

 

There's are things that so obvious the wonder is not that anyone missed it, but that that no one did anything useful about it.

And so we have Lanny Breuer, the man who saved the banking industry from even a single successful prosecution for the 2008 collapse, finally relieved of his position at the Department of Justice, taking a position with the law firm of Covington and Burling.  What does Covington and Burling do?  They represent large, multinational corporations, like-- wait for it-- Bank of America, Eli Lilly, General Electric, IBM, Microsoft, Morgan Stanley, NASCAR, and Verizon.  And Halliburton.  And Phillip Morris.

So Lanny Breuer is now working for the banks.  But wait-- that's not true.

Lanny Breuer was always working for the banks. 

As the Assistant Attorney General for the Criminal Division of the U.S. Department of Justice, Breuer's main purpose in life, as he appeared to see it, was to see to it that not a single banker went to jail for the massive frauds that caused the incredible financial collapse of 2008.  At the height of his "investigations", Breuer confided to a banquet hall of lawyers that what kept him awake at night was the fear of what would happen to the banking industry if some bankers were prosecuted.

After a Frontline documentary, "The Untouchables",  revealed the depths and breadth of his indifference to the millions and millions of workers and pension holders whose savings and jobs were ravaged by the intentional frauds committed by the banks, he resigned his position to go back to work for the industry for which he was always working.

The question that must occur to any intelligent American: why should I obey the law? 

 

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