OpenCDA

August 13, 2013

And the Answer Is…

Filed under: Probable Cause — Bill @ 9:53 am

BooksCookedThe question posed in the illustration is “Who cooked the books?”   Apparently, the answer is “Attorney General Eric Holder.”

According to the website Main Justice , “The Justice Department vastly overstated the number of people it criminally charged in a mortgage-fraud crackdown in fiscal year 2012, the department conceded Friday.”

Bloomberg.com’s article was even more blunt in stating, “What a charade. No wonder the government found it so difficult to bring a meaningful number of accounting-fraud cases against bank executives after the financial crisis. Its own books were cooked.”

In short, Holder lied.  And as the Bloomberg.com article went on to explain, “The Obama administration has been on the defensive for years over its lack of decisive, high-profile prosecutions related to the financial crisis. So it leads one to believe that might help explain why the feds have occasionally inflated their fraud statistics: to persuade the public that they were being tough on financial crimes.”

 

2 Comments

  1. A.G. Holder must be (fast and) furious about this disclosure!

    Comment by up river — August 14, 2013 @ 6:33 pm

  2. up river,

    Okay, that was a pretty good one.

    Comment by Bill — August 14, 2013 @ 7:07 pm

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