Sunday, July 20, 2014

Justice Dept. should just quit pretending

See this story suggesting the above. No, it's not a regressive appealing to a capitalist agenda by justifying what the banks did. It's a progressive saying that what the Dept. of Justice (DOJ) is doing is such a travesty of justice as to be only further degrading that notion with every prosecution. David Dayen certainly thinks banks and bankers should be prosecuted and punished for their crimes, but what the DOJ is doing is antithetical to those goals.

The Citigroup settlement is just the latest in a long line of this absurdity. There is only a thin appearance of accountability that everyone sees through. The actual victims see no relief but in fact are penalized. The majority of the settlement goes to the DOJ itself. The banks don't admit to any wrongdoing and the statement of facts contains no relevant facts. The DOJ may as well admit what they're doing is just PR to pretend they're addressing the problem, which only makes real justice seem ludicrous. Perhaps just quit fucking justice like this and just let these criminals do what they do, since that's what the DOJ is actually doing anyway.

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