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Assistant Attorney General Breuer Gets DOJ Boot In "Untouchables" Aftermath

Tyler Durden's picture




 

Earlier today, we reported that "Assistant Attorney General Admits On TV That In The US Justice Does Not Apply To The Banks" when we commented on last night's PBS special "The Untouchables." Explicitly, we said that it was "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." As of minutes ago that is no longer the case as his employment contract has been torn up. The WaPo reports, that Lanny A. Breuer is leaving the Justice Department "after leading the agency’s efforts to clamp down on public corruption and financial fraud at the nation’s largest banks, according to several people familiar with the matter....It is not clear when Breuer intends to leave, nor what he plans to do once he departs, but it is certain that the prosecutor’s days in office are winding down, according to people who were not authorized to speak publicly about the matter."

From WaPo:

Breuer is widely credited with aggressively going after white-collar crime in the aftermath of the crisis. He also stepped up the division’s involvement in money laundering cases, launching a series of criminal investigations that have resulted in multimillion-dollar settlements.

...

Critics have also decried Breuer’s routine use of deferred prosecution, which gives the agency the right to go after a company in the future if it fails to comply with the terms of the agreement. They say the use of such tactics amounts to a slap on the wrists of companies that have engaged in egregious behavior. Breuer, however, has argued that the agreements result in greater accountability for corporate wrongdoing.

Or none, as the case may be.

Brauer is not only known for being the bankers' lackey: his fingerprints are also all over Fast and Furious:

During Senate hearings in 2011, Breuer admitted that he failed to alert other Justice Department officials that federal agents had allowed guns to illegally flow into Mexico and onto U.S. streets between 2006 and 2007. The practice, known as “gun walking,” was also a key part of the Obama administration’s Phoenix gun trafficking operation, Fast and Furious.

 

The operation came under fire when many of the weapons later turned up at crime scenes in Mexico and the United States, including two where a U.S. Border Patrol agent was killed.

 

Several officials at the Justice Department resigned in connection with the operation, including Jason Weinstein, a deputy assistant attorney general in the criminal division. Breuer later apologized for his inaction, when the tactics first came to his attention. Sen. Charles E. Grassely (R-Iowa) called for his resignation, but Attorney General Eric H. Holder Jr. stood behind Breuer.As one of the longest-serving heads of the criminal division, Breuer’s tenure has been filled with controversy and high-profile prosecutions. He was admonished for his role in the agency’s botched attempt to infiltrate weapon-smuggling rings in the operation dubbed Fast and Furious. And he has been accused of being soft on Wall Street for failing to throw senior bank executives behind bars for their role in the financial crisis.

Either way, Brauer is gone.

And ironically it is his departure which confirms that everything that could be wrong at the US department of INjustice, is wrong.

Because, with all due respect to this banker muppet, he is merely the tiniest cog in a broken down judicial system, which works (and we obviously use the term loosely) in conjunction with the legislative and executive branches, as well as that implied fourth branch - the Federal Reserve - to further just one thing: the interests of the bankster overclass, who ever since the financial crisis have benefited to the tune of some $5 trillion, or the full amount of incurred debt that future generations of Americans will be responsible for, and yet which benefit primarily the financial oligarch right here and right now.

Fixing the unprecedented level of corruption that has gripped America will not be done with the voluntary retirement of one person who should have done more, but kept his mouth shut (for whatever selfish reasons). The system, sadly, is so rotten to the core, that only a grand reset of every social and political institution will help.

Luckily, we have the Fed for that, which courtesy of its lunatic actions is bringing this once great country every day closer to the abyss.

The good news: there is no turning back now - the entire financial system is now on crash course at a pace of $85 billion per month and accelerating.

The bad news: it will take a while before the final tide subsides for one final time as the status quo will certainly not go without a fight. A very big, and very lethal fight.

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Wed, 01/23/2013 - 19:36 | 3181100 waterhorse
waterhorse's picture

The Place Holder fired him?  Bahahahaha.  So much for cronyhood with a fellow Covington & Burling alumni.  Now that Breuer is a DC "outsider" maybe he will turn on the white collar criminals he was protecting.  One can only hope...but really, what would come of it anyway?  Lots of damage control going on in Bag Holder's office.  LOL.

Wed, 01/23/2013 - 19:41 | 3181121 max2205
max2205's picture

Going to GS I hear

Wed, 01/23/2013 - 20:24 | 3181275 waterwitch
waterwitch's picture

I heard Iceland.

Wed, 01/23/2013 - 19:45 | 3181132 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

I wonder if he has a fall and hits his head in the shower over the next few days/weeks?

Wed, 01/23/2013 - 19:47 | 3181133 AgAu_man
AgAu_man's picture

On the offchance that Lenny got 'yanked' for being too damn truthful for their "image":  Thanks for the unmasking.  Way To Go, Lenny! 

Thanks, and I mean than most sincerely.  Have a cigar!  And BTW, which one's Pink?

Wed, 01/23/2013 - 19:45 | 3181134 chet
chet's picture

Surely it will all be better now!

Wed, 01/23/2013 - 19:46 | 3181135 unwashedmass
unwashedmass's picture

 

good. can we talk about gary gennslear's "effectiveness" now? 

Wed, 01/23/2013 - 19:46 | 3181138 waterhorse
waterhorse's picture

Gollum Gensler?

Wed, 01/23/2013 - 19:45 | 3181136 waterhorse
waterhorse's picture

I have the most delicious feeling of schadenfreude.  Now if only Holder would be next in line to go and the disgusting Timmy would be caught in some type of sordid sex scandal...

Wed, 01/23/2013 - 19:47 | 3181140 Blues Traveler
Blues Traveler's picture

one down many to go

Wed, 01/23/2013 - 19:47 | 3181145 Quinvarius
Quinvarius's picture

I remember when Capone was too big to fail.  Oh yeah.  That was never.  Too bad for Capone this guy wasn't running the show back then.

Wed, 01/23/2013 - 19:50 | 3181154 Aurora Ex Machina
Aurora Ex Machina's picture

Remember: ZH is bullshit, and no-one important ever reads it.

 

 

 

*cough*

Wed, 01/23/2013 - 22:29 | 3181577 Rustysilver
Rustysilver's picture

Aurora,

No one important will admit to read it. Big difference.

Wed, 01/23/2013 - 23:00 | 3181646 Aurora Ex Machina
Aurora Ex Machina's picture

Ahh, thanks, was waiting for that :)

 

Spot on, and I shall self-junk!

Wed, 01/23/2013 - 19:52 | 3181164 falak pema
falak pema's picture

there is a price attached to be being frank and open about govt policy : you get the boot!

You gotta be smarter than that! Be Machiavellian, never admit the truth always beat round the bush. 

Lance should have learnt that but in his case did he have a choice. I guess for him it was jail for perjury or a confession in front of Oprah! That's a dud choice. 

Wed, 01/23/2013 - 20:36 | 3181182 Yen Cross
Yen Cross's picture

 Pick me! I'm willing to stand up for all of you <  Tall Hat no cattle<  Short horns

 

 

 

 

 

 

 

 

 

 


Wed, 01/23/2013 - 19:53 | 3181167 fuu
fuu's picture

Green shoots!

Wed, 01/23/2013 - 19:57 | 3181175 blu
blu's picture

Why would he even say such a thing as "the banks are above the law"?

Who benefits?

Folks, time to start paying attention. This one has a weird feel to it, as if there are now 2 camps in the DoJ and they are going at it gangster-style. I don't know exactly what that means as a practical matter, but it could mean their shit is coming unwired over there.

Wed, 01/23/2013 - 19:58 | 3181176 Falconsixone
Falconsixone's picture

He doesn't have blue eyes

Wed, 01/23/2013 - 19:57 | 3181177 jeff314
jeff314's picture

when you let Jew watching Jew bankers.......

Wed, 01/23/2013 - 19:58 | 3181178 q99x2
q99x2's picture

How long before that turdhead beside him gets locked up. I'm tired of waiting.

Wed, 01/23/2013 - 20:00 | 3181187 Yen Cross
Yen Cross's picture

 Never give up. NEVER

Wed, 01/23/2013 - 20:05 | 3181190 ebworthen
ebworthen's picture

Good job PBS and ZeroHedge.

When does Holder go, and when do we get someone to actually employ Justice?  (as in the name of the Department -as in JON CORZINE).

HMMMM?

Wed, 01/23/2013 - 20:35 | 3181302 El Hosel
El Hosel's picture

Easy there fella, thats the "Honorable" John Corzine... Those farmers and Ranchers he stole from should be allowed to issue the justice, the hard way, one pitchfork at a time.

Wed, 01/23/2013 - 20:50 | 3181334 ebworthen
ebworthen's picture

I can't believe one of them hasn't plugged that asshole yet.

If one of them does I'll pop a bottle of champagne to celebrate.

Wed, 01/23/2013 - 20:57 | 3181344 Bob
Wed, 01/23/2013 - 21:18 | 3181399 Stud Duck
Stud Duck's picture

Bill Black would be a good replacement for Holder, doubt that will  happen!

Wed, 01/23/2013 - 23:12 | 3181670 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Wow.  Bill Black most definitely HAS been on this for a while now.  I much admire William K. Black.

Wed, 01/23/2013 - 20:04 | 3181193 Rustysilver
Rustysilver's picture

Did Breuer watch Armstrong's interview.  Both are stupid fukks. You better have some "goods" on higher ups. Otherwise you'll be thrown under the bus.

Wed, 01/23/2013 - 20:03 | 3181197 moroots
moroots's picture

There's no justice there's JUST US

http://www.youtube.com/watch?v=O4o8TeqKhgY

Wed, 01/23/2013 - 20:08 | 3181214 Manipuflation
Manipuflation's picture

Already have this posted on FaceFuck with a dead pool going as to how they are going to corzine this guy.  Suicide?  Car accident?  Fell off a balcony? Mysterious incurable illness?  I suggest all of you with a FaceFuck account do the same and see who "defriends" you just so you know.

Any one else's page just flicker a bit or is it just FaceFuck trying to read what I write on another blog?  I already wrote a discriptive story on FF about my latest boating accident.  Fuck Sakes.

Wed, 01/23/2013 - 20:09 | 3181218 RingToneDeaf
RingToneDeaf's picture

Heads in a basket real soon.

Wed, 01/23/2013 - 20:22 | 3181264 Falconsixone
Falconsixone's picture

you really think so?

 

I think he had the most reptoid/jew blood in the room and said "I'm leaving"ssss

Wed, 01/23/2013 - 20:14 | 3181234 Downtoolong
Downtoolong's picture

And let that be a lesson to every other high level government employee who is thinking about telling what they know. That's the message (threat) I get from this incident.

Wed, 01/23/2013 - 20:16 | 3181246 Yen Cross
Yen Cross's picture

  financial fraud at the nation’s largest banks, according to several people familiar with the matter....It is not clear when Breuer intends to leave, nor what he plans to do once he departs, but it is certain that the prosecutor’s days in office are winding down, according to people who were not authorized to speak publicly about the matter."

names please?

Wed, 01/23/2013 - 20:20 | 3181250 b_thunder
b_thunder's picture

so, where will this fucker show up:  HSBC?  JPMadoff? ShitiBank?

or perhaps he's heading back to his old law firm to represent the other side and keep the seet warm for his buddy Holder?

 

Wed, 01/23/2013 - 20:22 | 3181261 Eally Ucked
Eally Ucked's picture

Ha,Ha, you guys want them to prosecute all those banks? GDP would drop at least 10% and even S&P will have to downgrade US. What a joke!!!

Wed, 01/23/2013 - 20:31 | 3181285 rguptatx
rguptatx's picture

"The bad news: it will take a while before the final tide subsides for one final time as the status quo will certainly not go without a fight. A very big, and very lethal fight"

Haha - TPOTUS already announced that when the TPOTUS was nominated, that now "the oceans can  begin to recede" - so the tide will subside PDQ. Now go along, nothing to see here, move along!

Wed, 01/23/2013 - 20:29 | 3181282 Joebloinvestor
Joebloinvestor's picture

At least the S&L crisis sent a few to jail.

Those days are over.

Wed, 01/23/2013 - 20:36 | 3181303 ebworthen
ebworthen's picture

End times of Rome.

Are the Chinese the barbarians at the gate, or the Muslims?

Wed, 01/23/2013 - 22:59 | 3181644 Totentänzerlied
Totentänzerlied's picture

Neither. It's the welfare-warfare-fiat loving government shills aka Democrats and Republicans.

Wed, 01/23/2013 - 20:33 | 3181294 tony bonn
tony bonn's picture

"...Either way, Brauer is gone..."

i'll believe it when i see it.

Wed, 01/23/2013 - 20:36 | 3181295 Falconsixone
Falconsixone's picture

ZH should call for every Tribal Chief, Sheriff, US Marshal, Deputy, EPA agent and Fire Chief file actions to stop chemtrailing before the last of the sui-sui-sued money runs out the pigs ass. 

Wed, 01/23/2013 - 20:35 | 3181300 gwar5
gwar5's picture

If you to see a fish flop on wet sand ask why the surf has suddenly receeded more than usual.

 

 

Wed, 01/23/2013 - 20:46 | 3181320 Mad Mohel
Mad Mohel's picture

That fucking puke should get tried for treason. Instead he will get a cush deal with one of the dirty firms he refused to prosecute. Sick.

Wed, 01/23/2013 - 20:47 | 3181327 JR
JR's picture

We can only assume that Lanny B. has made his points properly and will be moving on to even greater things aboard the insider gravy train - taking his files and hundreds of critical government contacts with him to use in the lucrative private position he’s sure to occupy.

When the government steals your property and/or your rights they send out their hand-it-over representatives to make the cases. And the big rewards follow.

As Tyler Durden pointed out yesterday, even “former French president Nicolas Sarakozy plans to start a £1 billion private equity fund in London…next in line to evade Hollande's millionaire tax by crossing the Channel, and ‘redomiciling’ himself in London.”

Obama’s director of the Office of Management and Budget, Peter Orszag, is just one of the numerous cases in point. Taking his “access to sensitive information about Obama's future plans and about our economy and foreign policy,” he moved on to reap the harvest at Citi as Vice Chairman in its Global Banking business. 

As James Fallows mused then in The Atlantic Monthly, "Exactly how much it will pay is not clear, but informed guesses are several million dollars per year." 

It’s just a den of rich thieves.

Wed, 01/23/2013 - 21:10 | 3181374 HalinCA
HalinCA's picture

Is Peter on 'the list'? 

Wed, 01/23/2013 - 22:20 | 3181555 JR
JR's picture

Yes.

Wed, 01/23/2013 - 21:01 | 3181349 MrX
MrX's picture

No Honour Amongst Thieves:

http://vimeo.com/channels/philiac/31304149

Do NOT follow this link or you will be banned from the site!