Eric Holder, US Attorney General didn’t want
to prosecute bankster / fraudsters because of the effect he thought it might
have on the economy.
Er . . . it’s not the job of a legal official to pass
judgement on the economy: it’s their job to prosecute criminals, amongst other
things.
As the “effect on the economy” argument,
clamping down on illegal drug dealing or the illegal manufacture and sale of
firearms damages the economy, all else equal: it results in less employment in the
drug and firearm trade. But that can be made good by standard stimulatory
measures. Net result: no effect on the economy.
Next thing someone will have to explain to
the Attorney General how to clean his teeth after breakfast in the morning.
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