Assistant Attorney General Admits On TV That In The US Justice Does Not Apply To The Banks

Tyler Durden's picture

Those who watched Frontline's special on why nobody has been prosecuted on Wall Street titled appropriately "The Untouchables" didn't learn much new. The rehash of ideas presented is what has been well known for years - namely that when it comes to prosecuting Wall Street criminals nothing will ever happen, because as Bill Gross tweeted " Its not Republican in politics. Its not Dem in politics. Its money in politics" and all the money in politics comes from Wall Street, which happens to be the ultimate ruler of the United States of America, pushing levers here and pulling stringer there to give the impression the constitutional republic is still alive. It isn't - this country has become an unchecked despotism of those in charge of money creation and who control capital - just the thing Andrew Jackson warned against. One thing we did learn, was courtesy of Assistant Attorney General Lenny Breuer who made it very clear that when it comes to the concept of justice the banks are and always have been "more equal" than others. He does so in such shocking clarity and enthusiasm that it is a miracle that this person is still employed by the US Department of Justice.

To wit from the transcript:

MARTIN SMITH: You gave a speech before the New York Bar Association. And in that speech, you made a reference to losing sleep at night, worrying about what a lawsuit might result in at a large financial institution.




MARTIN SMITH: Is that really the job of a prosecutor, to worry about anything other than simply pursuing justice?


LANNY BREUER: Well, I think I am pursuing justice. And I think the entire responsibility of the department is to pursue justice. But in any given case, I think I and prosecutors around the country, being responsible, should speak to regulators, should speak to experts, because if I bring a case against institution A, and as a result of bringing that case, there’s some huge economic effect — if it creates a ripple effect so that suddenly, counterparties and other financial institutions or other companies that had nothing to do with this are affected badly — it’s a factor we need to know and understand.

In other words, no criminal charges can be levied against anyone who engaged in the crimes leading to the great financial crisis of 2008 because, get this, the implications of pursuing justice may have destabilizing implications!

In other words, the banker threat of Mutual Assured Destruction has metastasized from the legislative, where in 2008 Hank Paulson demanded a blank check from Congress to spend it on whatever he wishes, "or else...", and has fully taken over the Judicial, where there is Justice for all... and no "Justice" for those who are systemically important.

Ted Kaufman summarizes:

TED KAUFMAN: That was very disturbing to me, very disturbing. That was never raised at any time during any of our discussions. That is not the job of a prosecutor, to worry about the health of the banks, in my opinion. Job of the prosecutors is to prosecute criminal behavior. It’s not to lie awake at night and kind of decide the future of the banks.

Alas Ted, it appears it is.

Frontline's conclusion was perfectly expected: "to date, not one senior Wall Street executive has been held
criminally liable by the Department of Justice for activities related to
the financial crisis

We now know why: it is because of people like this:

Lanny A. Breuer was unanimously confirmed as Assistant Attorney General for the Criminal Division on April 20, 2009.
As head of the Criminal Division, Mr. Breuer oversees nearly 600 attorneys who prosecute federal criminal cases across the country and help develop the criminal law. He also works closely with the nation’s 94 U.S. Attorneys’ Offices in connection with the investigation and prosecution of criminal matters in their districts. Mr. Breuer is a national leader on a range of federal law enforcement priorities, including financial fraud, health care fraud, public corruption, and violence along the Southwest Border. He has also been a leading voice on policy issues related to criminal law enforcement, including the scope of prosecutors’ discovery obligations in federal criminal cases and sentencing disparities between crack and powder cocaine offenses. Mr. Breuer regularly testifies before Congress on the Administration’s policy initiatives and advises the Attorney General and the White House on matters of criminal law.  Mr. Breuer also serves as the Department's representative on the Atrocities Prevention Board, which President Obama announced in April 2012.  For his work as Assistant Attorney General, the National Law Journal named Mr. Breuer a "Visionary" in the Washington, D.C. legal community, and he was recently ranked sixth on Ethisphere’s list of The 100 Most Influential People in Business Ethics.


Mr. Breuer began his legal career in 1985 as an Assistant District Attorney in Manhattan, where he prosecuted violent crime, such as armed robbery and gang violence, white collar crime, and other offenses. In 1989, he joined the law firm of Covington & Burling LLP, where he worked until 1997, when he joined the White House Counsel’s Office as Special Counsel to President William Jefferson Clinton. As Special Counsel, Mr. Breuer assisted in defending President Clinton in the Senate impeachment trial.


Mr. Breuer returned to Covington in 1999 as co-chair of the White Collar Defense and Investigations practice group, where he specialized in white collar criminal defense and complex civil litigation and represented individuals and corporations in matters involving high-stakes legal risks. He also vice-chaired the firm’s Public Service Committee. At Covington, Mr. Breuer developed a reputation as one of the top defense lawyers in the country.

Full Frontline episode for those who missed it:

Watch The Untouchables on PBS. See more from FRONTLINE.

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backhandtopspinslicer's picture

grow some balls bitch and take the system down!!!!! the real man that does so will go down in history as a hero

backhandtopspinslicer's picture

if the burglar takes all my gold and silver but does not kick the dog he is still gonna get some lead and blade in the back of the head but hey that's just the way I roll

backhandtopspinslicer's picture

advanced degrees are a terrible thing to waste

backhandtopspinslicer's picture

as long as we can all get along I guess that's all that really matters -- that and having lots of rainbow diversity -- man I feel like punching somthing!!!!

Peterus's picture

If he was a member of another minority... let's say african american - would he be any less of a crook?

JR's picture

“In other words, no criminal charges can be levied against anyone who engaged in the crimes leading to the great financial crisis of 2008 because, get this, the implications of pursuing justice may have destabilizing implications!” -- Tyler Durden

This is an example how tyrants take control and begin to override the law. This is what happened when Augustus became Caesar and became above the law by subverting the constitution of the country. No matter into what province he would go, he then outranked the governor, who in the Roman system was responsible to the Senate. But when Augustus came to power, he changed the makeup of the Senate so much that it allowed him to institute a system of  Imperial government so that he became instead of First Citizen of Rome, Caesar.

After that, each person that occupied that chair became the Emperor, singlehandedly in charge of everything. IOW, the Roman constitution no longer was of value and Rome began her downfall.

Lanny A. Breuer from Wikipedia, the free encyclopedia:

White House Counsel's Office

In 1997, Breuer joined the White House Counsel’s Office as Special Counsel to President William Jefferson Clinton, working under Counsel to the President Charles F.C. Ruff. As Special Counsel, Breuer defended the White House and President Clinton in the congressional and Justice Department investigations of the Clinton campaign's fundraising. He also defended the White House and President Clinton in the various independent counsel investigations, including Ken Starr's Lewinsky investigation. During the impeachment proceedings against President Clinton, he defended the President in the impeachment hearings in the House and the impeachment trial in the Senate.. Religion Jewish.

Peterus's picture

You cannot prosecute the King as his reign is instituted by God.

You cannot prosecute bankers as their "service" is systematically important.

JPMorgan's picture

It's a fucking joke, what else is there to say.      

Bansters-in-my- feces's picture

Make me fucking puke.

Ps.....enjoy your chemtrailed filled skies day.

Shylockracy's picture

If your tribe creates a state within the state for the aggrandizement if its power at the expense of the broader society, it is inevitable one day you and yours will be rounded up and kicked out.

There is only so much corruption, propaganda, brainwashing and divide-and-conquer any given society may endure before criticality or its final demise.

The US reaching critical mass is the last hope of Western Civilization.




waterhorse's picture

This guy resembles the crooked warden in Shawshank Redemption.

CuriousPasserby's picture

Too big to prosecute, bitchez!!!

dadichris's picture

no need to convict when you have a tree and a good rope

resurger's picture

Double fucking Standards

OldPhart's picture

"Equal Justice For All"*








*Does not apply in Washington DC if under the employ of Financial Institutions or Banks.

malek's picture


Miles Kendig's picture

Lanny A. Breuer, a moving violation of 18 USC 2381 in action

erkme73's picture

There is a live chat going on right now at PBS giving viewers an opportunity to ask Martin (the investigator) questions about his research:

Walt D.'s picture

Too Big to Jail ... again.

AgAu_man's picture

Enough already!

I think we all agree that we're dismayed, disgusted, indignant, outraged, etc. And that this is unacceptable, is defacto Fascism, is treasonous to the US Constitution and Bill Of Rights, and will totally ruin what's left of The Republic.

The $150 Trillion FRN question is: WHAT ARE EACH OF YOU GOING TO DO ABOUT IT? Besides turn into the UN?

All talk, all MBA-Syndrome (Paralysis by Analysis)? Are ye mice or men? Who will shout: "I'm mad as hell and I'm not gonna take it anymore!"

The arrows and responses will tell me everything.

ch25061's picture

This is the same Uber-Ahole that was in charge of the Spin Operations for the Clinton Whitewater/Monica/Vince Foster/Black Dude Shot down by friendly fire when about to squeall (Ron Brown)-GATE.

Liar to the CORE.  Liar, liar, pants on HellFIRE...  Have a nice descent after you croak and say hello to all the other sociopaths trying to destroy the future to make a few scheckles today.

Troy Ounce's picture




Downtoolong's picture

Because when it's serious, you have to lie...and sometimes look the other way too.

jplotinus's picture

It is tempting to conclude that since nothing happened today, in the immediate aftermath of the disclosure that bankers cannot be prosecuted for fraud, that nothing ever will.

I doubt that that is true.

It's all a matter of when this utterly corrupt banksta-run system will implode, not if it will implode.

That said, if ever there was a straw that should have broken the camel's back, this cavalier Breuer disclosure of unequal justice should have been that straw.

CJHames's picture

If voting changed anything Congress would make it illegal.

Bunga Bunga's picture

In other words: "US financial system is run by criminals and if we prosecute one of them our personal stock holdings in those criminal enterprises will collapse and in addition we have to fear for our lives - it’s a factor we need to know and understand."



Unlawful Justice's picture

Well........ FUCK JUSTICE

slackrabbit's picture

We all know what a Benedict Arnold is, Now we have a name for cowardice Lanny Breuer. Make sure you mention it and tell your friends till the day you die. Let Lanny & the legal system the world over know there is a cost to no justice; Let the man and his family, live in shame!

Strawboss's picture

I have created an official Tar and Feather thread on another forum and so far we have assembled the names of quite a few people that have earned a place on that list.

I encourage any/all of you to visit and contribute the names of individuals that you deem worthy of inclusion on said list. Of course Breuer has been included but I am certain that this crowd knows the names of many others that belong on that list.

They keep their lists - we will keep ours.


Hobie's picture

Fuck you Lanny!

ken's picture

Does he have a job waiting for him, at Goldman?

ken's picture

Does he have a job waiting for him, at Goldman?

lakecity55's picture

Lanny, being one of the Clinton Crime family's assets (consigliere) was no longer needed by the Chicago Crime Family and was ousted. The Chicago family is at war with the Clinton family, and Lanny was "offed" as the Chicago Family is now making their move to consolidate all power into their Family.

Hillary was made SecState as a part of a power-sharing alliance between the 2 families. She is now expendable due to Benghazi.

The Hebrew Crime Family, which has controlled most of the monies, backed the Chicago machine this time, unaware that Chicago's putative Godfather, Mack Daddy O, was going off the reservation and backing the various Islamic crime families....or were they?

Was this power move by the Hebrew Family to knock all the others off, sacrifice Israel (think WW2), and create enough outrage to start another war? The Hebrew Family has always been opposed by the Russian Family, going back to the Romanov Family before the Hebrew Family knocked them off in 1917. Now the various Russian Families are opposing the Hebrew Family again, along with the Dragon Families of China and Persia.

This cannot be allowed to stand. The Hebrew Family will order their Underboss, Mack Daddy, to start a war in order to maintain supremacy.

The unknown player is the Bush Family and their associates.

Stay Tuned.