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Obama and Holder: The result is extortion by proxy [Darleen Click]

The only thing surprising about this is that Newsweak will be covering it.

In an explosive Newsweek article set to rock official Washington, reporter Peter Boyer and Breitbart contributing editor and Government Accountability Institute President Peter Schweizer reveal how Attorney General Eric Holder and the Department of Justice are operating under a “justice for sale” strategy by forgoing criminal prosecution of Wall Street executives at big financial institutions who just so happen to be clients of the white-shoe law firms where Holder and his top DOJ lieutenants worked. […]

Holder and Obama’s anti-Wall Street “law and order” rhetoric has turned out to be a smokescreen that allows the Obama campaign to talk the talk of the 99% while taking money from Wall Street’s 1%. The result is extortion by proxy. As President Obama put it to the Big Finance executives who met with him at the White House just two months into his presidency, “My Administration is the only thing between you and the pitchforks.”

Not surprisingly, of the elite bundlers who made up Obama’s 2008 campaign, the second most represented industry after law was the securities and investment industry. It’s a level of hypocrisy that has outraged even committed leftists. Industrial Areas Foundation activist Mike Gecan put it squarely: “I’m from Chicago, I’ve seen this game played my whole life.”

I listen to leftists squeal all the time about how Big Business is corrupting sweet innocent Government.

But in that relationship, who has the guns?

28 Replies to “Obama and Holder: The result is extortion by proxy [Darleen Click]”

  1. Blake says:

    “Nice business you have here, it would be a shame if something happened to it….”

  2. Ernst Schreiber says:

    Related

  3. Yackums says:

    The worst thing about this is that the Tea Party ought to, but won’t, be able to capitalize on this and ride it to massive political gains. Ought to, because this has been what they’ve been shouting from day one, and won’t, because those who are in most need of hearing the message are covering their ears with their hands and going la-la-la-la-la-la-la-la-la-i-am-not-listening-to-jeffrey-but-he’s-still-talking

    Is it too late for Sarah Palin to get back in the race?

  4. leigh says:

    OT: Maurice Sendak author of “Where the Wild Things Are” has died at 83.

    I met him once when I was a little girl at a Read-a-Round in Santa Barbara. He drew all of the kids there a monster of their choice.

    RIP, Mr. Sendak.

  5. StrangernFiction says:

    It’s such a shame that Barry has lost himself.

  6. Matt says:

    There’s nothing like the “top cop” in the country being a corrupt, crony favoring asshole.

  7. Ernst Schreiber says:

    Eric Holder played the broker in pardongate. So why anyone’s surprised is beyond me.

  8. motionview says:

    Is he also the only thing between the Caliphate and Jerusalem? He’s gonna have a lot more flexibility after…

  9. motionview says:

    Back on topic, shouldn’t we be seeing a Corzine perp walk soon? There is really no legitimate way for the Justice Department to avoid indicting Corzine in the next 2-3 months. Or are they going to slow-walk the plea-bargain to get past the election?

  10. Yackums says:

    From the Newsweek article

    “There hasn’t been any serious investigation of any of the large financial entities by the Justice Department, which includes the FBI,” says William Black, an associate professor of economics and law at the University of Missouri, Kansas City, who, as a government regulator in the 1980s, helped clean up the S&L mess. Black, who is a Democrat, notes that the feds dealt with the S&L crisis with harsh justice, bringing more than a thousand prosecutions, and securing a 90 percent conviction rate. The difference between the government’s response to the two crises, Black says, is a matter of will, and priorities. “You need heads on the pike,” he says. “The first President Bush’s orders were to get the most prominent, nastiest frauds, and put their heads on pikes as a demonstration that there’s a new sheriff in town.”

    hmm…heads on a pike…Sarah Palin, call your office. Time to bag some 12-point bucks.

    Never mind President (this time)…Palin for Attorney General / Treasury Secretary / SEC Chairman.

    Hell, all three!

  11. leigh says:

    I think the latter, Gene.

  12. leigh says:

    Sarah Palin’s sun has set. She needs to write a cookbook and put out a chatty newsletter about the grand- young’uns.

  13. motionview says:

    Charlie Munger lectures us that civilized people don’t buy gold. We now know what they do buy: Justice. It’s hard out there for a pimp crony, eh Chuck?

  14. leigh says:

    I read that article Saturday. Who is Chuckles to lecture us all on who or who is not “civilized”?

  15. motionview says:

    I saw on the other thread you’re a captive audience today leigh. How’s this for some schadenfreude

    In what may be the ultimate and cruelest irony, not only is it unlikely that Elizabeth Warren’s great-great-great grandmother was Cherokee, it turns out that Warren’s great-great-great grandfather was a member of a militia unit which participated in the round-up of the Cherokees in the prelude to the Trail of Tears.

  16. leigh says:

    I love it. Gramps of “Shut up and keep marchin’, Redskin” pops out of the woodwork by the due diligence of militia geneologists.

    Elizabeth nee Heap o’ Trouble of Her Own Making Warren’s story unravels apace.

  17. leigh says:

    Re: Corzine’s slow boat to China perp walk, I think he’ll be over-shadowed by the razz-a-ma-tazz of John Edwards getting thrown to the wolves. Granted, Edwards will only go to Club Fed for a minimal period of time.

    it’s not a good time to be a dem, that’s for sure.

  18. Squid says:

    Gold (in any format) may be exchanged for lead (in a specific format) under whatever terms buyer and seller can arrange to their mutual satisfaction. Lead (in a specific format) may be exchanged for gold (in any format) under whatever terms the buyer demands.

    Indeed, when one’s lead is in the proper configuration, one may outperform even the most storied alchemist: one can turn lead into gold, without ever losing the base metal! Just evoke the ancient Ritual of Unholstering, speak the ancient magic words (“Fork it over, bub!”), and the transformation is complete!

    Therefore, I agree with The Chuckmunger that gold is a sucker’s investment.

  19. motionview says:

    Your humble walking hostile work environment is off to give a lecture; I think I’m going to switch topics to Squidonomics.

  20. Squid says:

    Murphy’s Golden Rule: “Whoever has the gold, makes the rules.”
    The Banditos Corollary: “I’ve got the pistols, so I’ll keep the pesos.”

  21. Dave J says:

    Corzine, is still listed as a bundler for the Obama campaign. There will likely not be a perp. walk until after the election….

  22. Ernst Schreiber says:

    OT: further to Motionview’s comment the other day, I wonder if the editorial board of NR/NRO will have the balls (brass or otherwise) to weigh in on this growing story, or if they’re going to hide in the corner and hope no one notices.

  23. Ernst Schreiber says:

    Derb: Tell Me About it (Just Not on NRO)

  24. Ernst Schreiber says:

    Which is my way of saying, I want to know what that punk-ass Lowry has to say.

  25. geoffb says:

    Hitchens (from the grave) backs up Naomi Schaefer Riley with this…

    “To describe [the thesis] as hard to read would be a mistake; the thesis cannot be ‘read’ at all, in the strict sense of the verb. This is because it wasn’t written in any known language.”

    The thesis he mentioned is here (caution pdf of 98 pages of devout gibberish).

  26. Ernst Schreiber says:

    Clearly that Hitchens piece isn’t up to the standards of the Chronicle.

  27. geoffb says:

    Naomi Schaefer Riley has a WSJ op-ed today.

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