USAG Holder Appears at NPR: Declares 90 Day Deadline on 2008 Mortgage Crisis

[laserhaas]

Just yesterday, at the National Press Club in Washington D.C., with a few acquaints of yours truly in attendance, United States Attorney General - Eric Holder (pic below from the NY Post article) - profoundly proclaimed a 90 day deadline for cases to be brought forth concerning the 2008 mortgage crisis.
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[font size=5]As per the New York Post article on Holder's remarks

[center] "Eric Holder launches 90-day crusade against bank leaders";[/font][/center]

Attorney General Eric Holder wants a Wall Street scalp.

After years of pressure from some lawmakers, civic leaders and Occupy Wall Street protesters, the country’s No. 1 law enforcer said Tuesday he has instructed many of his 93 federal prosecutors to review any residential mortgage fraud case they have brought against a financial institution stemming from the 2008 financial crisis to see if any executive could be held accountable for the company’s actions.


Both civil and criminal cases will be on the table, Holder said.

The prosecutors have been given three months to report their findings to Washington.

Holder, speaking at the National Press Club in Washington, asked the prosecutors “to try to develop cases against individuals and to report back in 90 days with regard to whether they think they can successfully bring criminal or civil cases against those individuals.”
The Bronx-born AG, who is stepping down from the post he’s held since 2009, said Loretta Lynch, who has been nominated to replace him, will likely get those responses.

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If they couldn't bring cases for the last 6 years, it is highly unlikely that they can do so in the last few weeks. Be that as it may, it would be nice to see some butt kicking of the Wall Street fraudsters.

By the way - I'm volunteering an easy case, for his Lordship Eric Holder - to go out with a big wang whoop of Wall Street Fraudsters.

I'm just sayin......

been sayin.......

and sayin......

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[7wo7rees]

1. Too little, too late.

Just saying.....

If he was really serious, charges would have been filed long ago.

This is just CYA. Nothing more, nothing less.

[laserhaas]

3. It may be that Lynch wants nothing to do with it - so he's cleaning the desk (so to speak)

I don't like Holder's administration - and failure

including my case.

[malaise]

17. It's never to late to lock up criminals n/t

[laserhaas]

20. Can't argue with that

Been trying to lock them up for 14. Years now.

Had some success with 24 or so smaller fishes

Real hard to real {not sic} in the really big stinkers

[OnyxCollie]

2. LOL!

Sleepy Holder is on the case!

Since Sleepy couldn't find one torture case to prosecute out of a 6,000 page Senate report, I expect this will play out the same way.

[laserhaas]

4. Ha Ha --- been a while OnyxCollie -- GREAT coin of phrase

Sleeply Holder

Priceless!

[7wo7rees]

5. Holder = Useless. n/t

[laserhaas]

8. As far as cases I,m directly familiar with

I agree!

[NBachers]

6. Back from the Island of the Lost for the thrilling season finale.

[laserhaas]

7. Ha ha... nice one..Season fjnale..possibly

Thriller..

Highky unlikely.

If they do one...don't they have to do many.

[DeSwiss]

9. WTF?

- Before he said it was a cultural thing nobody could do anything about. What gives?

Somebody must have missed a payment or something.....



K&R

[laserhaas]

10. IMO Holder is putting the beast to bed

So that the newbie can't be compelled

To do something about it...

[Fumesucker]

15. Corporations are people too, my friend...

People who cannot be held responsible.

It's a culture thing.

[laserhaas]

19. Actually.... from a legal perspective,...

Aw...forget that.....

Mittmentum doesn't care about legalities

[Cha]

11. No, it's not too little too late".. this is good. Thank you, Eric Holder and thank you, laserhaas.

[laserhaas]

12. We will see what will be

And Laser Da Law learner

Keeps on learning and making

F R I E N D S

[Cha]

13. Good attitude.. I'm not one of those who

sniffs their nose at something that's beneficial because it wasn't done sooner or as much as I would like.

[laserhaas]

14. There are lines in the sand

To some it is a dare to cross it

Others an invitational to go to another side

Meanwhile, we go to sleep, the tide comes in at night

And it all washes away

[Fumesucker]

16. War on ISIS= Three years open ended commitment and billions upon billions of dollars

War on Drugs= Fifty years and going and billions upon billions of dollars

War on the Banksters= Ninety days and a buck ninety five.

Priceless.

What's in your wallet?

[laserhaas]

18. LOL...,not much iny wallet

QuickMitt n companies ,,,took it all

[KG]

21. holder brokered the the marc rich pardon - explains where he is and what he's done, or not done.

he know which side his bread is buttered.

[laserhaas]

22. Don't know any about the details of that one

Now i have to look another one up

Dam

[laserhaas]

25. Wow

Or should I say whoa!

[sendero]

23. Whatever this is about...

... be it window dressing, preemptive neutering, you name it, it is most certainly NOT about prosecuting fraud.

[laserhaas]

24. Strange that he sets up NPC event

And you are odds on favorite to be spot on

On what's going on


Also like the phrase. " preemptive neutering"

[Sunlei]

26. The prosecutors have to bring cases! they have had 7 years & many have not finished a single charge.

Time to let go of any unproductive Gov. prosecutors.

[laserhaas]

27. Actually...we're so doing..with the changing of USAG

Let's give USAG Loretta Lynch a chance

[Sunlei]

28. with the statute of limitations? what can any USAG do once lenders are past the time for charges.

[laserhaas]

30. SOL doesnt apply to the date of WHEN

The crime occurred..

But of when it is known that such is a crime..

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In cases of ...bank robbery..you know it was a crime...when the robbery transpired

In cases of Banks and such doing Racketeering on issues of the mortgage crisis (Note..there IS cibil RICO too)...the SOL is not written.into the code

But courts have tried to establish a 4 year doctrine

And there's always exceptions

[bemildred]

33. So this will get the SOL clock running in 90 days?

When the review is done?

[laserhaas]

34. I'm only familiar with Federal Rules and issues related to racketeering (studied too much)

All issues of SOL (ain't it a quaint nym) - are case specific.

State codes, federal codes, Hatch Act, SarOx, Dodd Frank.

As Judge Rakoff said - we don't need any more laws;
but who is going to apply them!

Question here is - the intent of Holder;

------------------------ and I don't trust his intent...

but that's just me....

[bemildred]

35. I concur.

I thought it might be like that, somewhat ad hoc, case by case.

I think Holder has done some good things, but I don't trust him where banks are concerned either.

Thanks.

[NBachers]

29. Change the DEA to the FCED- the Financial Crimes Enforcement Division

If you go back to 1965, that means that there's a 50 year history of arrest, enforcement, and conviction.

Start with the people who signed the fraudulent mortgage documents that allowed banks to steal peoples' homes.

Give 'em stiff sentences unless they rat out their supervisors and department heads.

Work up the chain to those who bundled and sold the toxic assets.

Do the same to the predators who peddled home equity loans against vulnerable seniors.

There's an enormous prison-industrial-enforcement world that can be re-directed. Bust into the gated communities and throw flash bangs in the cribs and kill the family pets. Railroad the fraudsters and banksters into prison.

Don't say it can't be done; they've been doing it for decades.

[laserhaas]

31. Im not for railroading anyone (even Mitt)

But do understand where you're coming from

[laserhaas]

32. Meanwhile, 1st time marijuana offender is doing 55 years.

Normally, I'd start a thread on this issue; but it gives credit to Koch brothers.

http://www.huffingtonpost.com/2015/02/19/judge-regrets-weed-sentence_n_6713568.html?utm_hp_ref=politics&ir=Politics

Sad state of affairs...