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Holder Gives 90 Day Ultimatum To Bring "Financial Crisis" Cases Against Bankers

Tyler Durden's picture




 

Speaking in Washington this morning, US Attorney General Eric Holder made some rather disturbing (at least for financial market participants) statements, that made him appear to be 'cracking-down':

  • HOLDER SAYS HE HAS GIVEN U.S. ATTORNEYS 90-DAY DEADLINE TO BRING CASES AGAINST INDIVIDUALS FOR THEIR ROLE IN FINANCIAL CRISIS

Of course, the question is - does that mean after 90-days all bets are off (and everyone goes home free)?

 

*  *  *

As Bloomberg reports,

Attorney General Eric Holder says he’s asked U.S. attorneys involved in residential mortgage-backed securities cases to report in 90 days on whether they can “develop cases against individuals,”

 

Holder, speaking at National Press Club in Washington, defends record on cases against those involved in 2008 crisis

 

There’s “relatively small universe” of firms vs. savings and loan crisis of 1980s and 1990s, he says

 

Lack of more cases “is not for lack of trying”

*  *  *

Ironic on the day Turkey's President attempts to imprison its Central Banker for 2 Years for being too hawkish.

 

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Tue, 02/17/2015 - 15:22 | 5794864 yrad
yrad's picture

90 days, 90 minutes, 90 seconds...

I'll believe it when I see it.

Tue, 02/17/2015 - 15:23 | 5794866 whotookmyalias
whotookmyalias's picture

Knowing these clowns they'll be saying in the future "no charges were filed so they must be innocent"

Tue, 02/17/2015 - 15:25 | 5794887 Citxmech
Citxmech's picture

Maybe the plan is to cob together sub-standard complaints in the last seconds before the statutes of limitations run, so every charge can be dismissed and the AG's departmenet can claim: "see, we did everything we could!"

Tue, 02/17/2015 - 15:27 | 5794899 Newsboy
Newsboy's picture

Holder has been a loyal henchman of banking for decades.

Tue, 02/17/2015 - 15:30 | 5794923 Payne
Payne's picture

Was the whole point of Holder speaking to relay to the Banking industry that 90 days to worry free card.

Tue, 02/17/2015 - 15:33 | 5794936 knukles
knukles's picture

Freedom's just another word for nothing left to get nailed for.

He's pardoning himself for not having enforced the laws

Tue, 02/17/2015 - 15:34 | 5794948 waterwitch
waterwitch's picture

Nailgunned?

Tue, 02/17/2015 - 15:37 | 5794955 nope-1004
nope-1004's picture

After 90 days, Holder can make hisself a sammich.  'Till then, don't axe him anything.

 

Tue, 02/17/2015 - 15:41 | 5794979 Pinto Currency
Pinto Currency's picture

 

 

After 90, Holder will declare closure and allow everyone home free.

Mission truly accomplished.

Tue, 02/17/2015 - 15:48 | 5795017 Liberal
Liberal's picture

As staunch liberals, we refer to Honorable Eric Holder as The Duck.  His quacking makes us all horny.

Tue, 02/17/2015 - 16:10 | 5795055 macholatte
macholatte's picture

 

Prepping for the 2016 complete take-over of the USA requires a lot of funding....

It's always about the money all the time.

 

Do not, under any circumstances, hire Bill Black as a special prosecutor. Got it?

-- E. Holder

 

Apparently modern financial regulators are vastly more sophisticated than we were as financial regulators 25 years ago – because we had never figured out that the key to financial stability was leaving felons in charge of the largest financial institutions in the world
– William Black

 

If you bring cases against powerful bankers, they will enlist their political allies and they will give very large political contributions to do that
– William Black

 

Bob Woodward: Well, who is Charles Colson?

Harry Rosenfeld: The most powerful man in the United States is President Nixon. You've heard of him? Charles Colson is special counsel to the President. There's a cartoon on his wall. The caption reads, "When you've got 'em by the balls, their hearts and minds will follow."

 

 

Deep Throat: Follow the money.

Bob Woodward: What do you mean? Where?

Deep Throat: Oh, I can't tell you that.

Bob Woodward: But you could tell me that.

Deep Throat: No, I have to do this my way. You tell me what you know, and I'll confirm. I'll keep you in the right direction if I can, but that's all. Just... follow the money.

 

 

Tue, 02/17/2015 - 16:52 | 5795316 ILLILLILLI
ILLILLILLI's picture

Bill Black would certainly ruin their day...

Tue, 02/17/2015 - 18:48 | 5795965 N2OJoe
N2OJoe's picture

Obama: "hey holder, got any plans for retirement?"

Holder: "Actually I do, Choomie! I'm going to issue a stern sounding ultimatum to appear as if I'm being tough on the banks when in reality, it's a multi-billion dollar gift to my (near)future employers!"

Isn't this clown retiring later this year? Gee I'm sure these two actions have noooothing to do with each other...

Tue, 02/17/2015 - 17:26 | 5795506 Paveway IV
Paveway IV's picture

"...Prepping for the 2016 complete take-over of the USA requires a lot of funding....

It's always about the money all the time..."

Damn... it's time for the "Obama tough on Bansters" donkey show for 2016 elections already[sigh]

Explains why Holder would stop gargling Jamie Diamond's bankroll long enough to issue his phoney ultimatum. I wonder what unfortunate third-rate bank they'll throw under the bus this time?

Tue, 02/17/2015 - 15:42 | 5794987 Dubaibanker
Dubaibanker's picture

Although not the DOJ, but SEC made a very tiny Cayman bank go bankrupt today who had half it's 1,500 customers in US.

Cayman’s Caledonian Bank Files Bankruptcy After SEC Freeze
Tue, 02/17/2015 - 15:47 | 5795006 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Your avatar picture is emblematic in a sense. A full six years after the Global Financial Crisis they helped to bring about, no major bankers have seen the inside of a prison yet. Hopefully mister Holder's initiative can finally help to change this.

Tue, 02/17/2015 - 15:52 | 5795033 eatthebanksters
eatthebanksters's picture

So for the last six years Lanny Breuer and Holder did nothing and let the statute of limitations expire on many cases.  They accepted big campaign donations from corrupt bankers and their big banks and settled huge lawsuits for billions and billions without any admission of guilt or wrongdoing and funneled some of the settlement money to groups that were not 'plaintiffs' in the cases.  A great game of fleece the big corporation to give money to your political allies when you can't get the money from tax dollars. Don't get me wrong, I want corrupt bankers to go to jail, but this is so disingenuous...its Barry trying to score points and doing so by backstabbing people again.  Maybe, just maybe he and his crew see the writing on the wall and DON'T want to be held accountable when the economy takes a shit and everyone points to the same bankers who were involved in the first crisis...fuck me...  

Tue, 02/17/2015 - 15:54 | 5795044 Thirst Mutilator
Thirst Mutilator's picture

Obama's gonna be spending his last 18 month in office signing [golf] scorecards & Presidential pardons.

Tue, 02/17/2015 - 19:00 | 5796023 Fukushima Fricassee
Fukushima Fricassee's picture

Hardly. That communist shit is not finised with the destruction of freedom,the constitution,  the middle class and the rule of law, not by a damn sight.

Tue, 02/17/2015 - 16:50 | 5795307 Overfed
Overfed's picture

Magnus, if you believe Holder and Co. are going to make any meaningful moves against the banksters, I have a real nice bridge that I would like to sell to you.

Tue, 02/17/2015 - 15:55 | 5795041 zeropain
zeropain's picture

"BRING CASES AGAINST INDIVIDUALS" 

so could this mean that they will go after banks system, in order to break them up?  Goldman wants BofA broken up.  maybe this is gods ( antigods ) work....

Tue, 02/17/2015 - 21:24 | 5796808 turnoffthewater
Tue, 02/17/2015 - 15:26 | 5794889 Greenskeeper_Carl
Greenskeeper_Carl's picture

Haha that'll be the day. I'll believe it when I see it. This guy has not done one good thing for this country his entire time in office. I highly doubt he will start now.

Tue, 02/17/2015 - 15:38 | 5794967 Renewable Life
Renewable Life's picture

Shit, this is about politics, fundraising, and next "elected socialist" President!!!

If your on WS, you've just been put on notice, give money to the GOP and in particular Paul, Walker, or Cruz, and it might be your last money "donated"!!!

No charges will ever be filled, unless someone challenges the power, then we might see some Kabuki action, just to keep the other in line as 2016 approaches!!

Tue, 02/17/2015 - 15:47 | 5795009 ceilidh_trail
ceilidh_trail's picture

.

Tue, 02/17/2015 - 16:10 | 5795118 drendebe10
drendebe10's picture

...... erdickhead pinnochiholder's nose is growing.... again....

Tue, 02/17/2015 - 16:12 | 5795135 venturen
venturen's picture

I am surprised he didn't just as the banks to self report their crimes...or did he?

Tue, 02/17/2015 - 15:23 | 5794868 cossack55
cossack55's picture

Quick. Call William Black.

Tue, 02/17/2015 - 15:27 | 5794900 Id fight Gandhi
Id fight Gandhi's picture

Nothing will happen. The same people who created the crisis are profiting even more now.

Tue, 02/17/2015 - 16:13 | 5795138 BandGap
BandGap's picture

Disagree wholeheartedly. They will catch many small fish and demonstrate to the people that they are cleaning things up. Those at the top will swim away.

John Corzine?

Tue, 02/17/2015 - 15:47 | 5795011 NOTW777
NOTW777's picture

so the new statute of limitations is set by the dictator - what a legal system

Tue, 02/17/2015 - 17:14 | 5795426 richiebaby
richiebaby's picture

I always knew the Big E would get pushy with those banksters

 

Tue, 02/17/2015 - 17:45 | 5795642 sgt_doom
sgt_doom's picture

Given the caliber and quality of US attorneys, and the jackholes who appointed them, I seriously doubt the bankster class has anything to fret about!

In Erin Arvedlund's outstanding book, Open Secret: the global banking conspiracy that swindled investors out of billions, she names the names.

http://www.amazon.com/Open-Secret-Conspiracy-Swindled-Investors-ebook/dp/B00DMCPLEI

No secrets about who rigged those LIBOR rates, so really, is 90 days even necessary, given all those endless minor penalties exacted by the corrupt SEC, which couldn't even go after the most obvious Madoff, although not part of the global meltdown gang.

Hints to US attorneys --- if not following that crooked Mary Jo White, and doing the right thing for once:  goldman sachs, magnetar capital, john paulson, jpmorgan chase, morgan stanley, citigroup, bank of america, deutsche bank, ubs, credit suisse fb, etc., etc., etc.

Tue, 02/17/2015 - 15:23 | 5794867 Joebloinvestor
Joebloinvestor's picture

Bernanke indictment to follow.

Greenspan to seek pardon.

Tue, 02/17/2015 - 15:24 | 5794872 basho
basho's picture

and after 90 days all those not charged will be untouchable. holder you are a stooge.

Tue, 02/17/2015 - 15:41 | 5794983 walküre
walküre's picture

After 90 days S&P and DOW are allowed to be milked. Set your calendars.

Tue, 02/17/2015 - 17:46 | 5795653 sgt_doom
sgt_doom's picture

Holder, wasn't he that Covington Burling dood who made the big bucks defending multinational corporations who hired assassins to murder union organizers in South America and West Africa?

Tue, 02/17/2015 - 21:25 | 5796814 turnoffthewater
turnoffthewater's picture

Holder, try to tell that to the people that have been affected by criminals

Tue, 02/17/2015 - 15:24 | 5794874 i_call_you_my_base
i_call_you_my_base's picture

Get your wrists out.

Tue, 02/17/2015 - 15:24 | 5794875 venturen
venturen's picture

The most corrupt administration bar none!

Tue, 02/17/2015 - 15:27 | 5794897 optimator
optimator's picture

Not just corrupt, Openly Corrupt, in your face corrupt, we don't care what you know 'cause you can't do anything about it corrupt.

Tue, 02/17/2015 - 16:41 | 5795249 willwork4food
willwork4food's picture

So openly, outragously & stupendously corrupt it makes the legions of Satan blush.

Tue, 02/17/2015 - 15:28 | 5794908 Winston Churchill
Winston Churchill's picture

transparently corrupt Administration bar none.

fify

Tue, 02/17/2015 - 17:47 | 5795657 sgt_doom
sgt_doom's picture

Nonsense!

President Obama's stepfather was a loyal employee of Stanvac, CalTex, Mobil and Unocal.

Tue, 02/17/2015 - 15:24 | 5794879 Joebloinvestor
Joebloinvestor's picture

Yeah lets' see them arrest old Fannie and Freddie heads.

GS?

JD?

Arrest them all.

 

Tue, 02/17/2015 - 15:24 | 5794882 roadhazard
roadhazard's picture

The statute of limitations has already passed on some of the criminal activity and there is not much time for what is left to prosecute.

Tue, 02/17/2015 - 15:35 | 5794953 stormsailor
stormsailor's picture

in most cases the discovery rule for fraud would apply. 5 years from discovery. however, i believe that the broad limitations of rico could lasso these banksters for years. so there is that.  

Tue, 02/17/2015 - 15:52 | 5795032 PacOps
PacOps's picture

True. However with the merry-go-round between Wall St. & D.C., from Executives & administrators to regulators, lobbyist, fundraisers, et al. I am willing to be wrong but ain't holding my breath on that ever becoming a reality.

Tue, 02/17/2015 - 16:14 | 5795145 venturen
venturen's picture

don't toy with me...that would be sweet.

Tue, 02/17/2015 - 17:03 | 5795388 zeropain
zeropain's picture

you think they stopped being corrupt.  I think they took it up a notch.   This is tge time to clean house, after they gave the boomers one more opportunity to get out of the market.  time to crash this puppy and make an example out of some bankers.  Otherwise the neo nazi will go after the chosen people again.

Tue, 02/17/2015 - 17:48 | 5795666 sgt_doom
sgt_doom's picture

Not to worry, didn't Cyrus Vance, Jr., already go after the biggest member of that global meltdown gang, teensy little immigrant bank, Abacus Bank, in Chinatown, NYC, NY?

Tue, 02/17/2015 - 15:25 | 5794884 optimator
optimator's picture

Wow, Holder is serious on this one.  I wonder if he knows the statute of limitations is almost up on these crimes.  My guess is just 90 days away from it.  What a showman.

Tue, 02/17/2015 - 15:25 | 5794886 Joebloinvestor
Joebloinvestor's picture

Hey Holder what about that FUCKWAD CORZINE?

Tue, 02/17/2015 - 15:39 | 5794971 Cpl Hicks
Cpl Hicks's picture

Somebody has to hold Eric's dick now that Barry and him are splitting up.

Tue, 02/17/2015 - 17:26 | 5795505 DeadFinks
DeadFinks's picture

How about Franklin Raines? Couldn't he just nab him at the next fish fry?

Tue, 02/17/2015 - 15:26 | 5794890 Dr. Engali
Dr. Engali's picture

Where's Corzine?

Tue, 02/17/2015 - 15:28 | 5794911 venturen
venturen's picture

on a beach raising money for Hillary?

Tue, 02/17/2015 - 15:49 | 5795020 Doubleguns
Doubleguns's picture

90 for Corzine. 90 years!!!

Tue, 02/17/2015 - 15:26 | 5794891 Bell's 2 hearted
Bell's 2 hearted's picture

"Of course, the question is - does that mean after 90-days all bets are off (and everyone goes home free)?"

if you have to ask ...

 

has Holder measured for drapes for his wall street corner office, yet?

Tue, 02/17/2015 - 15:26 | 5794892 Joebloinvestor
Joebloinvestor's picture

Linda Green?

HAHAHAHA

SMOKE AND FUCKING MIRRORS.

Tue, 02/17/2015 - 15:27 | 5794894 wmbz
wmbz's picture

Eric Holder?

Now if it were someone who was not a lying sack of shit, then perhaps there may be a reason to get it any notice.

I thought that low life scum bag shit sniffing bastard resigned?

 

Tue, 02/17/2015 - 15:27 | 5794895 Hayabusa
Hayabusa's picture

Publicity stunt.  The 90 day ultimatum is simply a window of time to close any further inquiry - it's criminal of Holder et al.

Tue, 02/17/2015 - 15:31 | 5794931 centerline
centerline's picture

Yup.  No real prosecutions by now, ain't gonna happen.  This is just more theater for the masses. 

Tue, 02/17/2015 - 17:49 | 5795679 sgt_doom
sgt_doom's picture

Could be a hiring ruse:  Holder gives them 90 days to hire his butt --- or else!

Tue, 02/17/2015 - 15:27 | 5794898 Mike Honcho
Mike Honcho's picture

Any tips on how to clean a half digested lunch out of a keyboard?

Tue, 02/17/2015 - 15:30 | 5794926 yrad
yrad's picture

Was the meal Kosher? Jews love free shit...

Tue, 02/17/2015 - 15:52 | 5794970 GoldenGeezer
GoldenGeezer's picture

Sure.

Step 1 - Unplug Keyboard

Step 2 - Smash keyboard across AG EH's face

Step 3 - Use a can of Dust Off for remaining debris

Step 4 - Plug keyboard back in

Tue, 02/17/2015 - 15:28 | 5794904 venturen
venturen's picture

I hope he is in chains one day!

Tue, 02/17/2015 - 15:29 | 5794912 Son of Captain Nemo
Son of Captain Nemo's picture

Of course, the question is - does that mean after 90-days all bets are off (and everyone goes home free)?

90 fucking days???...

W'eve already got 3 of 4 horseman of the Apocalypse that have already arrived to made their appearance!  With just one more on it's way?!!!

We could all be dead in 90 days!!!

Tue, 02/17/2015 - 15:32 | 5794940 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Wait, I thought this fuckhead was going to retire!?

Yes, I trust someone who covered up the OKC bombing and instigated "fast and furious"!

 

A great American is he! 

He should be hanging from a tree!

 

Tuco

Tue, 02/17/2015 - 15:29 | 5794914 Bell's 2 hearted
Bell's 2 hearted's picture

"Attorney General Eric Holder says he’s asked U.S. attorneys involved in residential mortgage-backed securities cases to report in 90 days on whether they can “develop cases against individuals,”

haha ... this is priceless

 

meltdown 7 YEARS AGO ... and now sends the word out??

Tue, 02/17/2015 - 15:29 | 5794915 Fishthatlived
Fishthatlived's picture

I'm thinking Barney Frank will enjoy picking up soap in the stripey hole.

Tue, 02/17/2015 - 15:29 | 5794916 Jack Burtan
Jack Burtan's picture

made to appear to be 'cracking-down' yup

Tue, 02/17/2015 - 15:29 | 5794917 Lostinfortwalton
Lostinfortwalton's picture

So, how many days does Mary Jo White have?

Tue, 02/17/2015 - 15:29 | 5794920 Steroid
Steroid's picture

This is just a part of his bargaining for a golden parachute.

Tue, 02/17/2015 - 15:30 | 5794921 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I thought this was resolved in 2009 and the chosen approach was "It is best to just move on."

Tue, 02/17/2015 - 15:30 | 5794922 venturen
venturen's picture

I thought all the US Attorney's got jobs on Wall STreet? No?

Tue, 02/17/2015 - 15:30 | 5794924 Bunga Bunga
Bunga Bunga's picture

Amnesty announcement for Wall St criminals.

Tue, 02/17/2015 - 15:30 | 5794927 Eyeroller
Eyeroller's picture

They'll get their indictments (just like the IRS got their audits). 

Whole lotta banksters better start giving moar money to the Dems..

 

Tue, 02/17/2015 - 16:02 | 5795080 SHRAGS
SHRAGS's picture

[not so] subtle shakedown?

Tue, 02/17/2015 - 15:31 | 5794930 surf0766
surf0766's picture

bullshit

Tue, 02/17/2015 - 15:31 | 5794933 sandlapper
sandlapper's picture

I keep thinking of this concept known as regulatory capture for some reason...

Tue, 02/17/2015 - 15:32 | 5794935 you enjoy myself
you enjoy myself's picture

i might actually believe this.  remember, Obama only cares about himself.   that's the beginning and end of his universe.  he doesn't give a crap about the Dem party.   so now that he no longer needs Wall Street campaign donations i can easily him making a "legacy", populist pivot.   if in the near future you start hearing "...benefits Wall Street at the expense of Main Street...." jabs coming out of his pie hole then you know he's turned on them to brandish his image for the historians.

Tue, 02/17/2015 - 15:38 | 5794965 centerline
centerline's picture

He wouldn't make it two steps before getting "JFK'd"

Tue, 02/17/2015 - 18:02 | 5795732 sgt_doom
sgt_doom's picture

No, no, no, no, no, centerline!

All those Pulitzer Prize-winning "journalists" and anchor school acting grads (Dan Rather, Brian Williams, Brokaw, Charlie Rose) couldn't possibly be wrong, as none of those fuckwits ever could report on the bankgrounds of Michael and Ruth Paine (the couple who rented out to Lee Oswald, and supposedly obtained his job at the Texas School Book Depository), Valerie Schulte, Robert Mueller III, or John Kerry.

Sure, if those nimrod newsies couldn't read the obituary articles and tell us that Michael Paine, ostensibly some sort of "radical" who would go on to become CEO of defense contractor, Grumman, was related to the ambassador to Vietnam, Henry Cabot Lodge, about to be fired by President Kennedy, on the Cabot side of the family --- nor could they tell us that John Kerry is a cousin, once removed, from Michael Paine on the Forbes/Dudley side.

Of course, they couldn't tell us that Ruth (Hyde, Avery) Paine was related to the wife of John Foster Dulles on the Avery side, making her also a relative of the Rockefeller family.  Nor could those newsy fuckwits tell us the Ruth Paine's sister and brother-in-law were both career CIA.

Amazing, huh?

Nor could any fuckwit newsies and so-called journalists tell us that Robert Mueller III, the recent former FBI director, was the grandnephew of Richard Bissell, one of the 3 CIA doods fired by President Kennedy (Allen Dulles, Richard Bissell and Gen. Cabell), and that Mueller's wife is the granddaughter of Gen. Cabell, making her the grandniece of Earl Cabell, the mayor of Dallas (brother of Gen. Cabell) who gave the order for JFK's motorcade to detour in front of the Texas School Book Depository.

And those fuckwit "reporters" couldn't tell us that so-called mystery witness in the Sen. bobby Kennedy assassination, Valerie Schulte, had an aunt and uncle who worked in the same classified section of Lockheed as did part-time security guard, Thane Cesar, or that Schulte's father worked at the Technicolor Corporation on a contract with Lockheed.

Nope, the newsies sure can report the news, they simply cannot do simple city and county records searches --- like the rest of us --- or read obituary columns and articles --- like the rest of us --- to figure out the real news.

Recommended reading:

Two Days in June, by Andrew Cohen

Open Secret, by Erin Arvedlund

Tue, 02/17/2015 - 15:59 | 5795061 Lostinfortwalton
Lostinfortwalton's picture

So many magic negroes to have their image burnished, so little time. What about you, Jeh?

Tue, 02/17/2015 - 15:33 | 5794941 Icelandicsaga.....
Icelandicsaga...............................................'s picture

Lest we forget ... 2013  

Attorney General Eric Holder admitted to the Senate Judiciary Committee on Wednesday that banks are simply too big to prosecute.

The Justice Department has not brought a single criminal conviction against a Wall Street executive four years after a financial crisis proven to have been precipitated by fraudulent behavior. On Wednesday, Holder admitted that the vast size of major banks and the structural integration in the economy makes criminal prosecutions basically impossible.

“I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy,” Holder said, according to the Hill. “And I think that is a function of the fact that some of these institutions have become too large

ICELAND rules.... drepa bankastjóri  Icelandic for Kill the Bankers...

Tue, 02/17/2015 - 15:39 | 5794969 Bell's 2 hearted
Bell's 2 hearted's picture

yep ... lanny breuer his assistant attorney general criminal division (the dept that would have gone after wall street) said the same thing

hhmm, wonder where good ole lanny went ...

 

He specializes in helping clients navigate financial fraud investigations, anti-corruption matters, money laundering investigations, securities enforcement actions, cybercrime incidents, Congressional investigations, and other criminal and civil matters presenting complex regulatory, political, and public relations risks. 

 

http://www.cov.com/lbreuer/

Tue, 02/17/2015 - 15:42 | 5794985 centerline
centerline's picture

And people think "tanks in the streets" was just a threat.

Tue, 02/17/2015 - 20:13 | 5796469 TeethVillage88s
TeethVillage88s's picture

The Sheeple Took it and we not made whole, right?

Sheeple would not ever require Tanks in the Street in 2009 no matter the course of action the Federal Government took.

Look at OWS around the country. Agents provocateur mostly failed to get any big Riot going.

After WWII, USA was being Groomed to be a Land of Consumer Cows, the biggest Consumer Market in the World. It worked.

Tue, 02/17/2015 - 15:46 | 5795007 kchrisc
kchrisc's picture

Lest we forget...1995

https://www.google.com.mx/search?q=holder+and+okc&ie=utf-8&oe=utf-8&aq=t...

The banksters need to repay us.

 

The pols and crats just need to pay.

Tue, 02/17/2015 - 15:33 | 5794942 thismarketisrigged
thismarketisrigged's picture

LETS FUCKING GO THEN, START ROUNDING UP EVERY FUCJKING BANKER IN EVERY SINGLE GOLDMAN SACHS AND JP MORGAN BUILDING IN THE WORLD. THAT WOULD BE A START.

Tue, 02/17/2015 - 15:35 | 5794954 p00k1e
p00k1e's picture

 Set the building on fire, if they survive the jump let them go. 

Tue, 02/17/2015 - 15:33 | 5794943 Jethro
Jethro's picture

Does this mean no more presidential cuff links?

Tue, 02/17/2015 - 15:33 | 5794945 aliki
aliki's picture

unfortunately for holder, there were no criminal laws broken. 7 years and he still can't get his head around it. he can twist, spin, attempt to create new law with an executive action & make it retroactive, etc.

and if these clowns wanna throw someone in jail how about the writer of the fair family act of 1992? greenspan for ADMITTING in an CNBC special "house of cards" he "thought wall street would police themselves" with regards to being allowed to conduct heavier loan volume after FNMA & FMCC got jammed-up in litigation.

plenty of blame to go around regarding the housing blow-up & i love how this administration has NOT ONCE put ANY responsibility on the people making $50,000 a year thinking it was OK to go buy a million $ house because some dip-shit they never spoke to on the other end of the telephone machine told them "don't worry ... you can afford it!" the good ol "well, i was told so" should not be an excuse that "the everyday folks" can simply hide behind.

Tue, 02/17/2015 - 15:40 | 5794974 yrad
yrad's picture

So, when I buy a gold bar from you and the paint wears off a year later to reveal its made of Copper, I'm the idiot and you are the savvy "businessman"?

 

Jon, is that you again!?!?

Tue, 02/17/2015 - 15:49 | 5795018 aliki
aliki's picture

not sure who jon is but not me. my point is EVERYONE was in on this game from the borrowers to & thru the lenders. end of the day, theres not enough prison beds if we're gonna incarcerate everyone who was at fault - how about people LYING about what they were making? or do we just stick the people in-jail who didn't check income verification? i hadda friend who worked at champion mortgage and he said it was absolutely chaotic back 2004-2007 because NOBODY cared - lenders wanted to lend, borrowers wanted into a housing market they saw going parabolic. like i said, plenty of blame to go around.

Tue, 02/17/2015 - 15:52 | 5795034 Bell's 2 hearted
Bell's 2 hearted's picture

Sorry, you're wrong ... i watched a pbs show a few years on meltdown ... many people interviewed told of possible fraud and were willing to testify ... common thread for them was SEC/DOJ never interviewed them.

 

Here is a big wheel for Citi -

 

The delegated flow channel purchased approximately $50 billion of prime mortgages annually. 

These mortgages were not underwriten by us before they were purchased. My Quality Assurance 

area was responsible for underwriting a small sample of the files post-purchase to ensure credit 

quality was maintained. 

 

These mortgages were sold to Fannie Mae, Freddie Mac and other investors. Although we did 

not underwrite these mortgages, Citi did rep and warrant to the investors that the mortgages were 

underwritten to Citi credit guidelines. 

 

In mid-2006 I discovered that over 60% of these mortgages purchased and sold were defective. 

Because Citi had given reps and warrants to the investors that the mortgages were not defective,

 

http://fcic-static.law.stanford.edu/cdn_media/fcic-testimony/2010-0407-B...

Tue, 02/17/2015 - 16:02 | 5795081 aliki
aliki's picture

bell - again, my point is EVERYONE was guilty. wall street dolling out BS loans, credit agencies (with gov't regs basically forcing them to hold the paper at AAA to get people IN to housing), to the people themselves not doing some math and/or external, independent research on their own. greenspan openned this door when he basically handed residential housing over to the wolves. bush went to investigate FNMA & FMCC in 2006 and then senator obama moved to block him with a consortium ready to cry "racism" because they knew it was gonna knock-down the middle-to-lo end of the market.

JMO but the entire thing was fucked from the get. just another example of how greed & fear drives things and nobody files a lawsuit when their making $$$ under such BS circumstances rather only when the music stops, the market collapses on itself, and people are losing $$$ does that happen.

Tue, 02/17/2015 - 16:19 | 5795165 overmedicatedun...
overmedicatedundersexed's picture

let me say it for all of us: aliki you are a douche.

Tue, 02/17/2015 - 16:38 | 5795236 centerline
centerline's picture

You are playing right into this (or "being played").

Financial crisis (theft) = sovereign crisis = political crisis = public crisis. 

In the end, everyone does in fact have blood on thier hands.  But, realistically, it is just human nature being gamed. 

Tue, 02/17/2015 - 15:45 | 5794951 IronForge
IronForge's picture

Man needs to hold Weekly Meetings "just on" Bankers to be fried; and fry them.

This should have been done from 2H 2008 onwards...
s

You'd figure that if the USDOJ/SEC Combine needed "Moar Manpower", they'd have enough time to hire/recruit Employees - even with this Job Market - enough to shutdown/audit/Asset-Forfeit-and-resell  entire Banks.

Tue, 02/17/2015 - 15:35 | 5794952 kchrisc
kchrisc's picture

LOL

And if any indictments are brought, they, like at SAC, will only be against Goy traders and financiers.

The banksters need to repay us.

 

Free Corzine.

Tue, 02/17/2015 - 18:38 | 5795947 Monty Burns
Monty Burns's picture

Who are these Goy traders and financiers of whom you speak?

You mean there are some.

Tue, 02/17/2015 - 15:37 | 5794959 LawsofPhysics
LawsofPhysics's picture

Build and use guillotines, nothing changes otherwise. We all know the fuckers re-wrote the "laws" so that what once was criminal is no longer...

Tue, 02/17/2015 - 15:37 | 5794960 madcows
madcows's picture

Sure, just re-write the laws so that banks can do anything they want, and SHAZZAM, no laws are broken.

Morality is, apparently, for losers.

Tue, 02/17/2015 - 15:38 | 5794968 davidalan1
davidalan1's picture

You mean this Holder-- "you dont wanna go there".

 

Holder vs. Gohmert

https://www.youtube.com/watch?v=T-XZ3rCrhts

 

Tue, 02/17/2015 - 15:40 | 5794973 pupdog1
pupdog1's picture

Is this the same Holder who PERSONALLY went to Ferguson to manufacture a race-bait case that wasn't there, before the locals had finished their work?

The same Holder who has had SEVEN FUCKING YEARS to prosecute massive banking crime, and now he gets interested while literally walking out the door?

Tue, 02/17/2015 - 15:41 | 5794981 astoriajoe
astoriajoe's picture

Statute of limitations ends in 89 days?

Tue, 02/17/2015 - 16:04 | 5795093 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

Expect a spike in high-end champagne sales in 90 days....

Tue, 02/17/2015 - 16:05 | 5795095 jomama
jomama's picture

That's pretty much how I interpreted it.

Tue, 02/17/2015 - 15:44 | 5794992 Hohum
Hohum's picture

Wait, Eric Holder is the Attorney General?  I thought he resigned in 2009!

Tue, 02/17/2015 - 15:45 | 5794997 Crazy Canuck
Crazy Canuck's picture

Card is wrong - it should read get out of everything for free - and KEEP FOREVER

Tue, 02/17/2015 - 15:46 | 5795008 f16hoser
f16hoser's picture

Does anyone believe this Lying Piece of Shit Negro? NO! What he's really saying is in 30 Days, Banksters walk away clean. Get your money out of the banks now sheeple. From now until mid-May, this thing goes down. (Thing: Economic collapse)

Tue, 02/17/2015 - 15:49 | 5795021 Chuck Knoblauch
Chuck Knoblauch's picture

He shits on his oath.

Tue, 02/17/2015 - 15:51 | 5795028 seek
seek's picture

I suspect this is related to the coming crash, probably to placate the banks to cooperate when it happens.

Tue, 02/17/2015 - 15:52 | 5795036 Zymurguy
Zymurguy's picture

Another headline to distract from the real crisis' going on.  Whenever the chess players feel some heat they roll out some fucktwad like Holder to make up some news and grab headlines.

Tue, 02/17/2015 - 15:55 | 5795047 pragmatic hobo
pragmatic hobo's picture

sounds way too little and way too late ...

Tue, 02/17/2015 - 16:00 | 5795070 Atomizer
Atomizer's picture

Eric Holder: Now that I have my signed document benefiting from de facto immunity to prosecution.. You cuntlicks have 90 days to come forward. This rat bastard now working at JPMorgan has burnt some bridges.

http://dailycurrant.com/2014/09/26/eric-holder-takes-77-million-job-with-jpmorgan-chase/

Tue, 02/17/2015 - 16:05 | 5795099 andrewp111
andrewp111's picture

Jeezsh. The 5 year statute of limitations must have already expired on most possible cases. Even crimes with 7 year limitations are already water under the bridge. Who is Holder kidding?

Tue, 02/17/2015 - 16:16 | 5795121 22winmag
22winmag's picture

What a sick joke.

 

The prosecutors office is the minor leagues of major league political office.

 

It's were laywers learn to become professional liars before they make a run at the big leagues.

Tue, 02/17/2015 - 16:12 | 5795133 Jethro
Jethro's picture

Voting by rule .308 is starting to have some appeal.

Tue, 02/17/2015 - 16:36 | 5795233 dexter_morgan
dexter_morgan's picture

I prefer 5.56, or even 7.62x54R myself.

Tue, 02/17/2015 - 16:12 | 5795136 Divine Wind
Divine Wind's picture

 

 

Is this a joke?

The last I heard, Holder was on his way out and Mizz Loretta Lynch was already involved in her confirmation earings.So

So Holder will likely not even be around in 90 days.

Which means, the chances are good he is trying to grab at the low-hanging fruit, if there is any.

 

.

Tue, 02/17/2015 - 16:16 | 5795151 wissen dass scheiBe
wissen dass scheiBe's picture

"And in other news, Charles de Gaule rose from the dead today...."

 

George Carlin 

Tue, 02/17/2015 - 16:17 | 5795156 overmedicatedun...
overmedicatedundersexed's picture

and mr A. Mozilo just laughs, that boy of ours he cracks me up..whatta nigger.

Tue, 02/17/2015 - 16:21 | 5795170 Yen Cross
Yen Cross's picture

  It could be that the wheels come off the cart(market) in 90 days, and Holder is just doing some CYA for when he needs some useful idiots to blame for the selloff.

Tue, 02/17/2015 - 16:22 | 5795174 Bill of Rights
Bill of Rights's picture

How bout a big case of fuck you Holder...

Tue, 02/17/2015 - 16:25 | 5795182 CaptainMoonlight
CaptainMoonlight's picture

Why is this Holder criminal even allowed to talk on our behalf anymore? We need to put him behind bars or better.

Tue, 02/17/2015 - 16:33 | 5795219 Goldbugger
Goldbugger's picture

I though holder retired and skated on his own indictment.

Tue, 02/17/2015 - 16:38 | 5795222 Kprime
Kprime's picture

how many years has Holder been sucking his own dick in office?  I guess he's about to cum. He swallows obama.

Tue, 02/17/2015 - 16:38 | 5795237 dexter_morgan
dexter_morgan's picture

I'm sure he had a backdoor into the oval orifice.

Tue, 02/17/2015 - 16:35 | 5795228 dexter_morgan
dexter_morgan's picture

!@@&^!%@^%&! for fucks sake...........

I thought there was no time limit on justice, and all that other liberal drivel.

Better get the old hag Fauxcohontas on this one. Maybe sheet can hook up with Corzine and get 'information' on people/places/things........

Tue, 02/17/2015 - 16:39 | 5795239 Divine Wind
Divine Wind's picture

 

 

"I thought there was no time limit on justice"

There is. But in this case we are talking about "JUST US".

 

Get it right, Bub!

Tue, 02/17/2015 - 16:47 | 5795290 prospero matthews
prospero matthews's picture

So what should we expect internationaly before 90 days?  (Or domestic ?)

Tue, 02/17/2015 - 16:48 | 5795293 Carnegie_IB
Carnegie_IB's picture

There is no SOL for FRAUD.

Tue, 02/17/2015 - 19:47 | 5796315 Hohum
Hohum's picture

Carnegie,

I think you meant to say "murder."

Tue, 02/17/2015 - 17:00 | 5795372 dot_bust
dot_bust's picture

Holder should spare us the theatrics and simply abolish the banks.

Of course, he'll do nothing useful. The Congress critters do much the same thing. They act angry and put on a big show in Congressional session while questioning the usual cast of banker criminals.

But, in the end, the bankers go free and the public gets screwed.

Tue, 02/17/2015 - 17:37 | 5795578 Vooter
Vooter's picture

"does that mean after 90-days all bets are off (and everyone goes home free)?"

Of course it fucking does...

Tue, 02/17/2015 - 18:02 | 5795735 Lostinfortwalton
Lostinfortwalton's picture

I would settle for a straight answer on 'Fast and Furious'.

Tue, 02/17/2015 - 18:16 | 5795809 FreeNewEnergy
FreeNewEnergy's picture

If I could say anything positive about Eric Holder, I would.

Since I can't, a simple, FUCK YOU MOFO! will have to suffice.

Tue, 02/17/2015 - 18:23 | 5795851 authorized user
authorized user's picture

The captain leaves the sinking ship and tells the crew to keep bailing.

 

What a chump, 8 years of inactivity and now he pretends to take action.

Tue, 02/17/2015 - 18:29 | 5795888 Eyedoc1
Eyedoc1's picture

Oh, Oh. This can mean only one thing. The collapse of The Bubble is close and the Procrastinator-In-Chief wants to CYA in advance. For his legacy. And the Children.

Tue, 02/17/2015 - 18:26 | 5795869 yogibear
yogibear's picture

Proves the US has become a banana republic. 

Tue, 02/17/2015 - 18:33 | 5795913 Monty Burns
Monty Burns's picture

To anyone who believes that Holder is genuine about cracking down on banker crime.....I have this bridge in London for sale.

Tue, 02/17/2015 - 20:12 | 5796460 swmnguy
swmnguy's picture

Did you ever see Lanny Breuer, on that "Frontline" installment, explaining why the Justice Department wasn't going to prosecute crimes on Wall Street?  Because it would hurt the companies that did it, and that would hurt--wait for it---Jobs.

Seeing and hearing him say that left me without words for a moment.  I couldn't feel my legs for a while, and had blurry tunnel vision too.

Tue, 02/17/2015 - 18:57 | 5796015 Ned Zeppelin
Ned Zeppelin's picture

No need for a change of underwear, Wall Streeters, at least no reason you can blame on Mr. Holder's statements.  No, let your bowels remain calm and unperturbed.  This is the "lights out" ending of the statute of limitations kabuki theater show, and it is clear sailing from here on out, as it has been. 

Tue, 02/17/2015 - 19:02 | 5796035 ThroxxOfVron
ThroxxOfVron's picture

LONG FINANCIALS!

Tue, 02/17/2015 - 19:22 | 5796153 gwar5
gwar5's picture

Why is the Wall Street protecting, racist muslim traitor Holder even here still fucking everything up? Didn't he announce he was quitting while it was still 2014, and here it is mid-February 2015?

 

 

Tue, 02/17/2015 - 20:06 | 5796425 TeethVillage88s
TeethVillage88s's picture

He wants a presidential Pardon or Amnesty for all TBTF Bankers...

I guess the Republicans that were putting pressure on Eric Holder... faded away for some reasons (a deal with holder or Obama Admin)

No State of Justice = No Democracy
No Disincentives or Punishment for Destruction of Middle Class = The End to the Idea of "America"

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No Regulation of Shadow Banking = No Democracy
No Standardization of Derivatives = No Democracy
No End to Slave Labor Off Shore = No Democracy
Money = Free Speech = No Democracy
No Standardized Financial Ratings = No Capitalism
No Standardized Accounting (Near GAAP) = No Capitalism

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