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7 Days Before Holder's "90 Day Ultimatum" Expires, DOJ Declines To Prosecute Citigroup

Tyler Durden's picture




 

Almost exactly three months ago, with much pomp and circumstance, US attorney general Eric Holder, whose department of "justice" made headlines two years ago for refusing to bring criminal cases against big banks due to fears of systemic consequences if any TBTF bank is brought to justice thus spawning the term Too Big To Prosecute, gave his lackeys involved in residential mortgage-backed securities exactly 90 days in which to "develop cases against individuals" for their roles in the financial crisis.

What happened since then is that in a completely unrelated action, the CFTC ferreted out a basement trader and put the entire blame of the Flash Crash on his shoulders just before the 5 year statute of limitations of the May 2010 flash crash expired and... nothing else.

Actually, correction.

This:

  • CITIGROUP SAYS DOJ DECLINED TO PROSECUTE ON LIBOR RIGGING

So for all those wondering if the modus operandi at the Department of Justice has changed, and if Eric Holder, for all his recent bluster is willing to prosecute Wall Street criminals, we have the one word answer.

No.

As for "Honorable" Holder's 90 day deadline, it expires in precisely one week. Expect that to fade away into the collective lack of memory as the May 18 deadline comes and passes with no action revealed by the Department of "Justice."

 

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Mon, 05/11/2015 - 10:19 | 6080739 Usurious
Usurious's picture

''The banks runs the place''.............

Mon, 05/11/2015 - 10:22 | 6080748 LetThemEatRand
LetThemEatRand's picture

I wonder if Holder has already picked out his corner office at JPMorgan.  They'll probably make him head of "compliance."  He'd be good at that.

Mon, 05/11/2015 - 10:33 | 6080795 Four chan
Four chan's picture

holder gets a no repayment mortguage in 5 4 3  2 1

Mon, 05/11/2015 - 10:50 | 6080861 TeamDepends
TeamDepends's picture

Fear not, Jessica Lynch will put Holder, Obama, Corzine, Citigroup and the rest of 'em behind bars!

Mon, 05/11/2015 - 10:57 | 6080887 Mister Ponzi
Mister Ponzi's picture

Prosecute Holder!

Mon, 05/11/2015 - 11:11 | 6080934 Perseus son of Zeus
Perseus son of Zeus's picture

I'm not happy with this type of foolery. It breeds mistrust which then plays a critical role in tin foil consumption. And then 'they' build FEMA camps for the hatters, a big circlejerk.

Stop this sort of thing.

Mon, 05/11/2015 - 11:33 | 6081018 caconhma
caconhma's picture

It is vital to understand that US Democratic party elite is the major representative of the Banking Mafia and its WallStreet branch. 

To hide this fact and  hide their real nature and activities, the Democratic party leadership is engaged in a massive propaganda and disinformation activities portraying themselves as representatives of poor and working people. This is no different that Communist propaganda and activities portraying themselves as representatives of the same working and poor people, and the same time, transforming their countries into prisons and concentration camps for their citizens including working people. No wonder that the original communists (a.k.s. Bolsheviks) were financed and supported by the Zionist Financial Mafia.

Mon, 05/11/2015 - 11:41 | 6081055 smlbizman
smlbizman's picture

didnt they rent some square footage somewhere pertinent?

Mon, 05/11/2015 - 11:54 | 6081112 HowdyDoody
HowdyDoody's picture

Honorable? As in honor among thieves?

Mon, 05/11/2015 - 12:50 | 6081354 Fun Facts
Fun Facts's picture

"And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place"

- Senator Dick Durbin

Mon, 05/11/2015 - 10:59 | 6080891 eatthebanksters
eatthebanksters's picture

BeHolder, our former AG will be raking in the big bucks working for Wall Street now that he has protected them for the last siz years.

Mon, 05/11/2015 - 11:44 | 6081071 Max Cynical
Max Cynical's picture

I'm highly anticipating Obama's pardon list...it's going to be so long it will probably be published as a book.

Mon, 05/11/2015 - 10:33 | 6080796 pods
pods's picture

Lando folds like a cheap lawn chair. Haven't y'all seen the movie.

pods

Mon, 05/11/2015 - 11:19 | 6080974 NihilistZero
NihilistZero's picture

Lando redeemed himself and blew up the second Death Star. I doubt Holder will ever do anything so noble ;-)

Mon, 05/11/2015 - 10:22 | 6080749 froze25
froze25's picture

<----I didn't expect them to do one thing.

<----I am upset and thought Justice would be served.

Mon, 05/11/2015 - 10:32 | 6080791 NotApplicable
NotApplicable's picture

<----I expected them to do the one thing that they did, flap their lips in a serious manner.

Mon, 05/11/2015 - 10:33 | 6080792 freewolf7
freewolf7's picture

You know, I'd get upset, but I really don't have the time.

It's still not bad enough yet.

Mon, 05/11/2015 - 10:54 | 6080876 JRobby
JRobby's picture

Just business as usual.

Mon, 05/11/2015 - 10:51 | 6080862 StaresWithStares
StaresWithStares's picture

I so shocked that honorable means, among theives, or something

Mon, 05/11/2015 - 10:24 | 6080750 NoDebt
NoDebt's picture

"CITIGROUP SAYS DOJ DECLINED TO PROSECUTE ON LIBOR RIGGING"

Think about that for a moment.  The BANK announced that the DOJ wouldn't prosecute.  Shouldn't the DOJ be making their own announcements?  Speaks volumes about who's in charge.

The best legal system money can buy.

Mon, 05/11/2015 - 10:33 | 6080786 NidStyles
NidStyles's picture

I think there is a bit more to it than that:

 

"The best mob that infiltrated agents can control and use as a weapon that money can buy"

 

There is someone financing all of these revolutionary groups and SJW/Feminist movements that get so much of that Banker owned media time. I will never forget who it was that said that there would tanks in the streets. It wasn't a politician, it was a banker. That wasn't a statement of reality, it was a veiled threat about what the politicians would have to do to keep control once the bankers let their hounds loose.

Mon, 05/11/2015 - 14:00 | 6081644 fockewulf190
fockewulf190's picture

Well, at least the State Department isn't corrupt and is gong to investigate Hillary really really hard.

It's getting closer and closer to the point where everything Alex Jones says is going to end up being all true.

Mon, 05/11/2015 - 10:24 | 6080762 A Lunatic
A Lunatic's picture

Brings new meaning to the term bank run....

Mon, 05/11/2015 - 10:27 | 6080774 HamRove
HamRove's picture

Reality TV show....Holder gets dick slapped by every employee of the TBTF banks while wearing his bitch collar. 

It might get past the censors. 

Mon, 05/11/2015 - 10:35 | 6080803 ZH Snob
ZH Snob's picture

Too Big To Turn Down The Payoff

Mon, 05/11/2015 - 12:11 | 6081190 dicksburnt
dicksburnt's picture

"who runs BarterTown? ...........WHO RUNS BARTERTOWN?!!!!!!!!!"

Mon, 05/11/2015 - 12:26 | 6081245 williambanzai7
williambanzai7's picture

Mon, 05/11/2015 - 10:20 | 6080740 Momauguin Joe
Momauguin Joe's picture

Because playing by the rules is for suckers.

Mon, 05/11/2015 - 10:26 | 6080767 onewayticket2
onewayticket2's picture

Holder to take Rubin's "job"?

Mon, 05/11/2015 - 10:21 | 6080744 spekulatn
spekulatn's picture

Job well done.

 

/sarc off

Mon, 05/11/2015 - 10:24 | 6080758 Main_Sequence
Main_Sequence's picture

He needs to remove the "Hon" from that placard.  Nothing honorable here.

Mon, 05/11/2015 - 10:34 | 6080799 NotApplicable
NotApplicable's picture

You're supposed to use that label with extremely heavy sarcasm.

Mon, 05/11/2015 - 10:40 | 6080831 SillySalesmanQu...
SillySalesmanQuestion's picture

I thought it stood for Head of nothing or Head outlaw nigger...

Mon, 05/11/2015 - 10:21 | 6080745 i_call_you_my_base
i_call_you_my_base's picture

Why would Holder prosecute where he'll be working in three months? He'll just have to defend against it.

Mon, 05/11/2015 - 10:21 | 6080746 Stoploss
Stoploss's picture

That sign should rear " I obviously profited from libor rigging ".

You put enough heat to teflon and that shit burns right off...

Mon, 05/11/2015 - 10:22 | 6080747 ZippyBananaPants
ZippyBananaPants's picture

What a Dick Weed

Mon, 05/11/2015 - 10:23 | 6080751 Counterpunch
Counterpunch's picture

THIS fuckin guy is beautiful. He deserves to be hogtied and given to one of the cartels cia isnt working with.

Mon, 05/11/2015 - 10:38 | 6080819 NotApplicable
NotApplicable's picture

Why would you think that any exist? Given the massive balance sheet expansion of the CBs since 2008, I can't imagine that anyplace still exists outside of this influence.

Mon, 05/11/2015 - 10:23 | 6080753 Soul Glow
Soul Glow's picture

He'll be working at Citigroup soon and wants to be welcomed with the biggest bonus possible.

Mon, 05/11/2015 - 10:23 | 6080754 Philo Beddoe
Philo Beddoe's picture

The shock value is minimal on this one. 

Mon, 05/11/2015 - 10:24 | 6080761 Keynesians say ...
Keynesians say the darndest things's picture

"Honorable" Eric Holder

Brb puking

Mon, 05/11/2015 - 10:26 | 6080766 Arius.
Arius.'s picture

Good for you Holder ... forget about these guys critising you ... this is america, everyone has his price .... take yours while you still can and then skip town ...

Mon, 05/11/2015 - 10:27 | 6080773 foodstampbarry
foodstampbarry's picture

JUST-US

Mon, 05/11/2015 - 10:29 | 6080776 Dr. Engali
Dr. Engali's picture

It's a good thing we have an administration who is looking out for the little guy. If this had been a republican administration they would have...... well they would have decided not to prosecute CITI... See the difference there? Red is bad and blue is good. Or is it blue is bad and red is good? I'm so confused.  

Mon, 05/11/2015 - 10:28 | 6080777 Seasmoke
Seasmoke's picture

Now that is how a Mack Daddy does it !!!

Mon, 05/11/2015 - 10:31 | 6080789 10mm
10mm's picture

No corrupt flesh will do anything. This matter is reserved for a highest power. 

Mon, 05/11/2015 - 10:34 | 6080797 BoPeople
BoPeople's picture

What good is a justice department if they will not prosecute obvious fraud of the highest level. People and companies were severely damaged by the fraudulent actions of Citi and others.

They might as well just fold up the department and bring it back some day when we have a real government.

Mon, 05/11/2015 - 10:35 | 6080802 NotApplicable
NotApplicable's picture

Remember, one man's fraud is another's "best business practice."

Mon, 05/11/2015 - 10:37 | 6080813 GM_Man
GM_Man's picture

Its obviously an election year-ish.  Holder wanted to lock in the Citigrope Exec donations to the Democratic Party.  In this fashion he denies the GOP the much needed $$$, Aids Hillary's SuperPAC, AND ensures his retirement speaking fees, book fees, board seats etc...

While the Administration can't be transparent at all on such items as TPP, they are certainly pretty transparent, some may say blatant, ensuring that they raise beaucoup $$$ for the upcoming year...

Friends in low places and all that!

Mon, 05/11/2015 - 10:38 | 6080816 lasvegaspersona
lasvegaspersona's picture

Royalty has long understood that to truly rule you must also control the courts.

Mon, 05/11/2015 - 10:38 | 6080818 blown income
blown income's picture

Fuck Citi...my wife got a letter in the mail Saturday saying that here Citi account has been closed.

 

We purchased a washer/dryer set at Sears 3 years ago..paid off in full so no interest..

 

Letter states account closed due to the same list all these fuckers put on your credit report

length of accounts

open accounts

limit this ...limit that

 

inquiry ...blah blah blah...

 

She don't give a fuck ,neither do I ...told her it's just Citi trying to shore up balance sheets so that 4K limit is on the other side of the books..

 

Do that to 100k people ...hey look we got 4 million in reserves..fuck all bankers..and mr Yellan

Mon, 05/11/2015 - 10:50 | 6080859 BendGuyhere
BendGuyhere's picture

JACK LEW TO THE RESCUE!

Mon, 05/11/2015 - 10:51 | 6080864 JoeTurner
JoeTurner's picture

"We hereby resolve that government of the banks, by the banks for the banks shall not perish..."

Mon, 05/11/2015 - 10:56 | 6080880 Stormtrooper
Stormtrooper's picture

Expect announcement about Holders new job at Citi as an "advisor" within next 30 days.

Mon, 05/11/2015 - 10:53 | 6080869 localizer
localizer's picture

Too BIG to prosecute... an absolute disgrace!

Mon, 05/11/2015 - 10:54 | 6080878 cn13
cn13's picture

Now we know who Holder is going to work for at his next gig.

The corruption in the U.S. government is complete from top to bottom.

The banksters have left no stone unturned. 

They are in complete control of our country's government, regulators, and the former markets now known as price indices.

Mon, 05/11/2015 - 11:08 | 6080932 kowalli
kowalli's picture

there is no government anymore, only banks and future bank's employees

Mon, 05/11/2015 - 10:56 | 6080883 mastersnark
mastersnark's picture

"We don't even know what a 'LIBOR' is and thank the DOJ for protecting us from these clearly anti-Semitic attacks on our integrity."

Mon, 05/11/2015 - 10:57 | 6080889 Bill of Rights
Bill of Rights's picture

Is that a line of shit on his upper lip?

Mon, 05/11/2015 - 11:04 | 6080911 Peter Pan
Peter Pan's picture

Do these guys ever walk around in public?

I didn't think so.

Mon, 05/11/2015 - 11:07 | 6080923 Itchy and Scratchy
Itchy and Scratchy's picture

What a clown!

Mon, 05/11/2015 - 11:19 | 6080970 Soph
Soph's picture

Lemmy had it right...."eat the fucking rich"....or at least the bankers and their political lap dogs

Mon, 05/11/2015 - 11:19 | 6080972 falak pema
falak pema's picture

Where is Pocahontas to tell the DOJ they and this admin are part of the scam ?

Mon, 05/11/2015 - 11:36 | 6081038 Emergency Ward
Emergency Ward's picture

She needs campaign cash for her next run for office.  She won't get it from DOJ or Obama, so that leaves one guess as to where she is.

Mon, 05/11/2015 - 11:22 | 6080980 madbraz
madbraz's picture

no one would ever dare prosecute robert rubin's bank...no one.

Mon, 05/11/2015 - 11:34 | 6081026 bankonzhongguo
bankonzhongguo's picture

You really must feel like the lowest level of whale shit to be a DOJ lawyer with this clown and his lieutenants in leadership positions.

Government lawyer. What a joke.

Mon, 05/11/2015 - 12:38 | 6081294 Monty Burns
Monty Burns's picture

Corrupt, borderline treasonous, yes. But those at the top of the DoJ are not clowns.  They know exactly what they're doing and why. All in the full knowledge that they'll not only get away with their treachery but be handsomely rewarded.

Mon, 05/11/2015 - 11:47 | 6081086 Dixie Flatline
Dixie Flatline's picture

Totally lawless.  It is every man for himself.

Mon, 05/11/2015 - 11:53 | 6081109 Conax
Conax's picture

Much like the limp-dicked multi-year silver investigation, there's nothing they can do-

to themselves.

Mon, 05/11/2015 - 11:55 | 6081117 gurkha108
gurkha108's picture

Banana republic

Mon, 05/11/2015 - 12:35 | 6081280 Monty Burns
Monty Burns's picture

Banana republic, Obama, Holder and now Lynch.  See any connections?

Mon, 05/11/2015 - 12:06 | 6081163 williambanzai7
williambanzai7's picture

Barack Obama's massive fight with Wall Street...

Mon, 05/11/2015 - 12:21 | 6081225 22winmag
22winmag's picture

Holder will get a gold watch and a small tropical island for this!

 

Does anyone remember when a much younger Holder was Reno's waterboy during the Waco mass murder?

Mon, 05/11/2015 - 12:33 | 6081270 Monty Burns
Monty Burns's picture

I'm shocked I tell you. Shocked!

Makes you wonder if Holder might be corrupt .....

Mon, 05/11/2015 - 12:45 | 6081317 Government need...
Government needs you to pay taxes's picture

Behold .gov's vision for the rule of law.  Fuck this Federal government.  Fuck them all.  Hey NSA, I cant wait for your brothers-in-blue to come for my guns and/or land.  

Mon, 05/11/2015 - 12:55 | 6081374 swmnguy
swmnguy's picture

Wow.  This is a shocker.  I was sure JP Morgan had dirty hands in that scandal.  Well, I guess not.  Must have been all that one Indian guy's fault.  Who knew?

Mon, 05/11/2015 - 12:57 | 6081382 geekz_rule
geekz_rule's picture

extortiion is the new black, as a biz model for wall st, and .gov

Mon, 05/11/2015 - 13:20 | 6081476 radicaltrader
radicaltrader's picture

they have the guns, and they will shoot you, if they want to

Mon, 05/11/2015 - 13:51 | 6081604 CzechNorris
CzechNorris's picture

The DOJ was too busy creating a 9-minute video tribute to Holder... painting him as "a cross between MLK and mother Theresa".  At our expense.

http://www.nationalreview.com/article/418145/taxpayer-funded-video-tribu...

 

Mon, 05/11/2015 - 13:55 | 6081624 Clowns on Acid
Clowns on Acid's picture

I certainly hope they get to the bottom of that 35 yr old Indian dude living in his parents house in London. He sounds like a real trouble maker making the Stalingrad and Poorsky Index go down that fast.

Citi with a $100Billion balance sheet would never do anything wrong... knowingly. Its the Indian's guy fault.

Tue, 05/12/2015 - 07:15 | 6084179 AE911Truth
AE911Truth's picture

Maybe we should try www.Justice4Humanity.org

Tue, 05/12/2015 - 20:41 | 6087475 HYPERTlGER
HYPERTlGER's picture

Please the City of London financed the American revolution...George Washington was a British East India Company asset...He appointed the new york banker and city of london asset...Alexander Hamilton...The first Treasury secretary...September 11, 1789

N = 14

E = 5

W = 23

14+5+23 = 42

 

Y = 25

O = 15

R = 18

K = 11

25+15+18+11 = 69

 

42+69 = 111

 

The numbers 3 and 7 are considered both "perfect numbers" under Hebrew tradition.

 

3 x 37 = 111

 

 The 9/11 terrorist attacks in New York City occurred on the 254th day of the year. 1609 is the 254th prime number. Note that explorer Henry Hudson first came across the island of Manhattan on 9/11/1609

 

September 11 is the 254th day of the year (255th in leap years). There are 111 days remaining until the end of the year.
It is usually the first day of the year in the Coptic calendar and Ethiopian calendar

 

The Coptic calendar, also called the Alexandrian calendar, is used by the Coptic Orthodox Church and still used in Egypt. This calendar is based on the ancient Egyptian calendar.

 

https://www.youtube.com/watch?v=0KSOMA3QBU0

 

The entire history of the USA from 1789 to this very second was financed by creating credit out of thin air.

 

Global history for centuries has been financed this way.

 

Since 2008 when the bretton woods global trade systsem reached maximum potential...the USA along with the rest of the global systsem has been in a controlled collapse to oblivion.

 

 

 

 

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