2012-09-18neweconomicperspectives.org

``Private counsel for homeowners, at very small firms, produced the admissions under oath, demonstrating that several of the largest mortgage servicers routinely filed false affidavits -- roughly one hundred thousand times annually. The Obama administration led the effort to give the banks effective immunity from prosecution for these felonies -- all without admissions of guilt in the settlements.

The Criminal Division has never been confronted with so many and so destructive elite white collar frauds. The Division has never failed so utterly to prosecute such elite frauds. It is true that Bush's Department of Justice was also a disaster, but that is no defense of Breuer blanc.''


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