Submitted by Tyler Durden
on 05/03/2012
http://albertpeia.com/ericholderincontemptofcongress.htm
‘While
normally we stay away from outright political commentary especially of the kind
that has no direct relation to finance or the economy, the fact is that if the
US had a functioning, uncompromised, uncorrupt, and effective Justice
Department, much of what we see every day on Wall Street would be vastly
different since if crime did indeed
have punishment, then a vast portion of the questionable behavior that is
exhibited by financiers would have been eliminated long ago.
Which is why we find the news just released from The Hill that "Rep.
Darrell Issa (R-Calif.) has
circulated a draft copy of a resolution that would hold Attorney General Eric
Holder in contempt of Congress" particularly relevant. For it is none
other than Holder's complete lack of involvement and intervention to outright
daily crimes conducted in the financial world that is as much a reason for the
deplorable economic state of this country and the world, as are all those other
factor extensively discussed in books and documentaries each and every day.
From The
Hill:
The
44-page measure was sent to members of the House Oversight and Government
Reform Committee on Thursday in an attempt to shore up support for what would
be the toughest action taken by Issa as chairman of
the powerful panel.
Issa has been investigating the botched gun
tracking operation Fast and Furious for more than a year and has repeatedly
expressed his frustration at the Department of Justice’s lack of cooperation.
Issa has issued two subpoenas to obtain documents from
DOJ, and is arguing that the agency’s glacial pace in returning the requested
information provides cause for holding Holder in contempt of Congress.
“The
Justice Department’s failure to respond appropriately to the allegations of
whistleblowers and to cooperate with Congressional oversight has crossed the
line of appropriate conduct for a government agency,” reads a 17-page memo
attached to the draft copy of the resolution on contempt circulated to
members.
“Congress now faces a moment of
decision between exerting its full authority to compel an agency refusing to
cooperate with congressional oversight or accepting a dangerous expansion of
Executive Branch authority and unilateral action allowing agencies to set their
own terms for cooperating with congressional oversight.”
While
we acknowledge that Issa has his own set of dirty
laundry to go along, and likely influenced this proposal, we would to add:
"about time" - because the corruption in
The only question is: who is this saint who would
replace Holder, that would be immune to Wall Street's
"lobbying efforts" to leave the world's richest alone, in their pursuit
of redistributing ever more wealth...