2012-02-08

Authoritarianism in America: criminal prosecutions of financial fraud decline

Guess What: Prosecutions For Financial Fraud Have Fallen To New Lows Under Obama

The biggest decline appears to have been during former President George W. Bush's eight-year term, but the downswing continues under President Obama. There is also a chance that the number of prosecuted cases could have dropped off in the wake of the 9/11 attacks as the federal government concentrated more effort and money towards anti-terrorism measures, Eichler noted.4
Is the government still focused elsewhere, or protecting the favored financial sector?

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