According to Breitbart News contributing editor Peter Schweitzer at Forbes, the Obama Department of Justice has been selectively avoiding prosecution of certain large banks and firms on Wall Street for fraud. Why? Perhaps because, as Schweitzer points out, “those banks are clients of the firms from which top DOJ officials hail.”
The Financial Fraud Enforcement Task Force was created by President Obama in November 2009 to track down and begin prosecution of financial crimes with regard to the meltdown of September 2008. But the Task Force hasn’t focused its ire on major firms. Instead, they’ve gone after ordinary citizens. While the SEC has “accused a number of banks … of ‘fraudulently’ rigging municipal bond auctions,” they haven’t faced jail time – just civil charges and fines.
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