When normal people steal, they don't pay fines. Instead, they go to prison. Yet the Department of Justice gives Wall Street special treatment. A DOJ lawyer realizes that today's target is tomorrow's client. When big guns leave the DOJ, they are made partner at large law firms - even though the big guns have no portable book of business.
DOJ lawyers then call on the same companies they investigated, seeking them out for business. The targets - forced to pay token fines for billion-dollar thefts - are happy to obligate. Kicking back a cool million to the guy who did you a solid by not indicting you is good business.
There's no better example than the case of former AIG fraudster, Hank Greenberg:
A New York state judge has held Maurice "Hank" Greenberg, the former head of American International Group Inc., liable for "spearhead[ing]" a fraudulent transaction to remove $200 million in losses from the giant insurer's books. Manhattan Supreme Court Justice Charles E. Ramos' ruling handed a victory to Attorney General Andrew Cuomo, who had sued Greenberg and AIG's former chief financial officer, Howard Smith, to recover investor losses stemming from two allegedly sham transactions designed to hide the company's true financial condition.
You can read the court's 83-page ruling here. After reading the ruling, I thought: "I wonder if the Department of Justice will indict Greenberg. The fraud case is clearly laid out. This is basically a trial notebook for the prosecutor's to use." Actually, no, I did not wonder that.
I did, however, vaguely remember a story involving Greenberg's receiving a no-prosecution promise from DOJ.
As expected, the Department of Justice [sic] lawyers put their own interest ahead of the public's. People don't go to DOJ to serve the public. The go to DOJ to build relationships with people like Hank Greenberg:
Maurice "Hank" Greenberg, the former chief executive of American International Group Inc, believes he no longer faces possible criminal charges over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc.
There is no such thing as a "public servant." It's all a lie. People don't work for government. People work in government to work for themselves. As one commenter recently said, "People don't go to Washington to do good. They go to Washington to do well."
Remember this when the government says, "Ask not what your country can do for you. Ask what you an do for our country." Remember, too, that the person who made that statement never worked a day in his life, and inherited his wealth from his anti-American, law-breaking father.