Hypocrisy Defined: DOJ's Infamous Lanny Breuer Accuses RBS Of "Stunning Abuse Of Trust"

Tyler Durden's picture


We had to reread this DOJ statement on today's RBS wristslap twice, as the hypocrisy was literally mind-blowing: “As we have done with Barclays and UBS, we are today holding RBS accountable for a stunning abuse of trust,” said Assistant Attorney General Breuer.  “The bank has admitted to manipulating one of the cornerstone benchmark interest rates in our global financial system, and its Japanese subsidiary has agreed to plead guilty to felony wire fraud.  The department’s ongoing investigation has now yielded two guilty pleas by significant financial institutions.  These are extraordinary results, and our investigation is far from finished.  Our message is clear:  no financial institution is above the law.


We have two questions: i) how is it that Lanny Breuer, the man who was unmasked by the recent humiliating show "Untouchables" as the DOJ mastermind behind not bringing one single criminal case against bankers for fear of "ripple effects" when pursuing justice against TBTF banks still employed by the US government and still on the record after reportedly announcing his resignation two weeks ago? And ii) how does he, of all people, have the gall to even mention "stunning abuse of trust" when his entire public-service career can be summarized as such?


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Wed, 02/06/2013 - 10:46 | 3219847 EscapeKey
EscapeKey's picture

Our message is clear:  no financial institution is above the law.

Fucking lol.

Right, that's fucking it. I'm off to start an investment bank. The business plan will be to systemically break every law, if money can be made from it, bribe politicians, and therefore only pay very moderate fines when we discover "we're not above the law".

Wed, 02/06/2013 - 10:50 | 3219850 nope-1004
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Breuer and Holder:  1 Pic, 2 Thieves.


Wed, 02/06/2013 - 10:51 | 3219873 GetZeeGold
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Soooo....the liberation of the Muppets has begun?

Wed, 02/06/2013 - 11:05 | 3219925 prains
prains's picture

Il y a du joke

Wed, 02/06/2013 - 12:00 | 3220038 hedgeless_horseman
hedgeless_horseman's picture



The message is clear, unlimited campaign contributions bribery of law makers is totally legal in the United States and the law-makers are not going to make any laws to change that!  Legal careers and wealth are totally dependent on the whims of these same lawmakers, and the corporations that bribe them, so DOJ lawyers are unwilling to interrupt the gravy train, break up the racket, or go against the Brotherhood.  Conflicts of interest are not an ethical, moral, or legal concern; the message is indeed very clear.


"Give me the control of the credit of a nation, and I care not who makes the laws [or, apparently, who enforces the laws]."


-Nathaniel Meyer Rothschild


"The few who could understand the system (cheque, money, credits) will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests."


-Rothschild Bros. of London.

Wed, 02/06/2013 - 14:26 | 3220651 Mudduckk
Wed, 02/06/2013 - 15:03 | 3220806 Joe Davola
Joe Davola's picture

I pray for new leaders.

Wed, 02/06/2013 - 16:16 | 3221075 hedgeless_horseman
hedgeless_horseman's picture



I pray for no leaders.

I pray for representatives.

Wed, 02/06/2013 - 11:07 | 3219930 Joe Davola
Joe Davola's picture

I'll bet Kai's a natural born citizen - of the Universe!

Wed, 02/06/2013 - 11:18 | 3219965 Hugh_Jorgan
Hugh_Jorgan's picture

How about "no man is above the law"? Oh yeah, sorry... that idea is old fashioned stuff that the DOJ has tossed out along with the US Constitution.

Wed, 02/06/2013 - 11:33 | 3220030 ParkAveFlasher
ParkAveFlasher's picture

Kai for Fed Governor.  Some men are hawks, others doves, but this guy is a DRAGON.

Wed, 02/06/2013 - 11:36 | 3220048 The Limerick King
The Limerick King's picture



We live in a world of deceit

Controlled by the Klepto-Elite

Where minions like Breuer

Arise from the sewer

To suck from their master's black teat

Wed, 02/06/2013 - 12:05 | 3220137 prains
prains's picture

golf clap LK

Wed, 02/06/2013 - 13:02 | 3220351 thewhitelion
thewhitelion's picture

See, now I would have ended with "black cock."  Hats off to you Limerick King.  (And there will be no competition coming from me.)

Wed, 02/06/2013 - 13:20 | 3220418 nope-1004
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I would have ended with "The Masters' black teet", meaning Obummer.

But very well done LK.


Wed, 02/06/2013 - 11:21 | 3219979 FoeHammer
FoeHammer's picture

He could give JPM the ax.

Wed, 02/06/2013 - 13:16 | 3220398 rqb1
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we should, thanks for the link

Wed, 02/06/2013 - 16:57 | 3221235 H E D G E H O G
H E D G E H O G's picture

Hey Larry, grab Erics head, along with yours, and re-insert them as far up your ASS as possible! WE ARE TIRED OF YOU, HIM, AND ALL THE REST OF YOU SHIT EATERS!!!!!!!!!!!!!!!!!!!!

Wed, 02/06/2013 - 10:50 | 3219868 Killtruck
Killtruck's picture

Maybe it's just a nosebleed.

Or maybe it's an hyporcrisy-induced aneurysm.

Wed, 02/06/2013 - 10:52 | 3219878 Eireann go Brach
Eireann go Brach's picture

Duhhh..he got promoted up Tyler! That's how it works now in Amerika, incompetence coupled with an ability to lie well gets you moving up in today's gubbmint!

Wed, 02/06/2013 - 11:10 | 3219934 Rainman
Rainman's picture

Agree...now watch for that sack o' shit  Placeholder to be promoted to one of the inevitable SCOTUS openings.  

Wed, 02/06/2013 - 10:54 | 3219889 resurger
resurger's picture

For the TBTF financial institutions being above the law is a prerogative ...

carry on, nothing to ses here.

Wed, 02/06/2013 - 11:14 | 3219952 HoaX
HoaX's picture

Can´t upvote if you start your comment in Italics, anyway +1 from me.

Wed, 02/06/2013 - 11:17 | 3219963 philipat
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It is, I am sure, just a coincidence that all the Banks with problems are non-US Banks. We all know that the US Banks are all just doing God's work??

Wed, 02/06/2013 - 11:19 | 3219972 caconhma
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<no financial institution is above the law>  I did not know we have stinking laws. I am confident we are already living in a post-law society. God bless Obama oand his Central Banks puppeteers.

Wed, 02/06/2013 - 11:22 | 3219983 jcaz
jcaz's picture

It's VERY clear- while no institution is above the law, the individuals hiding within the institution are.....

Sweet gig

Wed, 02/06/2013 - 11:24 | 3219993 Voice_Of_Unreason
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Our message is clear: no foreign financial institution is above the law. Homegrown financial institutions are too far up the Bernank's ass for us to reach ...

Wed, 02/06/2013 - 11:30 | 3220020 philipat
philipat's picture

Must be an echo in here (10;17)??

Wed, 02/06/2013 - 11:41 | 3220068 Winston Churchill
Winston Churchill's picture

No British bank is above the law.

Wed, 02/06/2013 - 14:28 | 3220663 sgt_doom
sgt_doom's picture

Ah, but nobody has yet seen his disclaimer:

Exceptions:  JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citigroup, Bank of America, Deutsche Bank, UBS, Credit Suisse FB, Barclays, Blackstone Group, Citadel, KKR, Carlyle Group, Perseus, Silver Lake, and Silvio's Secret Bank of Italy.....

Wed, 02/06/2013 - 10:47 | 3219849 buzzsaw99
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"I am shocked — shocked! — to find criminal fraud going on in here." "Your winnings, sir." "Oh, thank you very much."

Wed, 02/06/2013 - 10:47 | 3219851 SWCroaker
SWCroaker's picture

Um, 'cause he composes such luvly sound bites, which was criteria #1 for filling his role @ DOJ?

Wed, 02/06/2013 - 11:03 | 3219918 pods
pods's picture

I would happily do time for strangling him with Lando's entrails.


Wed, 02/06/2013 - 10:47 | 3219853 Savyindallas
Savyindallas's picture

Simple -he's obviously about to go work for an RBS competitor  -making millions. No secret here.

Wed, 02/06/2013 - 10:49 | 3219863 GMadScientist
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Bollinger for everyone! <clink>

Wed, 02/06/2013 - 10:49 | 3219867 EscapeKey
EscapeKey's picture

It's good that "Chinese Walls" are in place, or you'd think it's systemic corruption.

Wed, 02/06/2013 - 10:49 | 3219859 GMadScientist
GMadScientist's picture

I'm pretty sure Holder is an ET with a bad Halloween mask.

Pretty sure.

Wed, 02/06/2013 - 10:48 | 3219860 williambanzai7
williambanzai7's picture

What sized noose do you wear:?

Wed, 02/06/2013 - 10:50 | 3219869 GMadScientist
GMadScientist's picture



Wed, 02/06/2013 - 11:00 | 3219905 Dr. Engali
Dr. Engali's picture

I was thinking more along the lines of a Columbian necktie.

Wed, 02/06/2013 - 11:16 | 3219960 Budd aka Sidewinder
Budd aka Sidewinder's picture

Maybe one of Mandela's necklaces??

Wed, 02/06/2013 - 10:49 | 3219864 resurger
resurger's picture

Fucking hypocrite ...

Wed, 02/06/2013 - 10:49 | 3219866 Lost Wages
Lost Wages's picture

I think we all know the answers to these questions. He's a well-behaved crony and a friend to the Empire. If this were England he'd be Knighted.

Wed, 02/06/2013 - 10:50 | 3219872 Cognitive Dissonance
Cognitive Dissonance's picture

We ain't seen nuttin' yet.

As this mess unravels what we think is unbelievable today will be matter of fact tomorrow.

Wed, 02/06/2013 - 11:02 | 3219913 TotalCarp
TotalCarp's picture

Mr Cog, stop teasing! tell us now!

Wed, 02/06/2013 - 11:22 | 3219966 Cognitive Dissonance
Cognitive Dissonance's picture

Those dead children in that Charlottesville, Virginia elementary school our Drones 'accidently' bombed hated our freedom. 

<Besides, half of them were on welfare so we just cut the deficit by $798B over the next 80 years.>

/sarc just in case it wasn't obvious

Wed, 02/06/2013 - 14:30 | 3220670 sgt_doom
sgt_doom's picture

I just briefly caught the clip this AM about restructuring at the USPS, so I'm not sure who the flaccid looking fat guy giving the speech was (Post Master General???), but his great phrase of the day was:

"Free isn't good!"


Wed, 02/06/2013 - 11:02 | 3219884 mendolover
mendolover's picture

How do these motherfuckers look at themselves in the mirror?  Is there a degree in being a lowdown dirty lying rat or something?  Holy shit!  You watch Brewer lie through his fucking teeth and wonder how does he do it?  There must be a med that makes you a soulless fucking psychopathic scumbag or something!  This is surreal!

Martin Smith nails him to the wall (you would think) and Brewer just breezes right through the interview.  Soulless!!!!

Well spent sixty minutes if you can keep from throwing something at the TV;


Wed, 02/06/2013 - 11:14 | 3219953 CrimsonAvenger
CrimsonAvenger's picture

How do they live with themselves? Probably goes a little something like this:


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