The United States Department of Justice (DOJ) has announced new guidelines for how the agency will prosecute white collar criminals, reported the Huffington Post. Several times, the DOJ has made this promise and failed to follow through each time.
Deputy Attorney General Sally Yates wrote a memo outlining new rules for federal prosecutors regarding white collar, Wall Street crime. The DOJ released excerpts of Yates’ upcoming-address about the issue.
“Crime is crime,” she planned to say. “And it is our obligation at the Justice Department to ensure that we are holding lawbreakers accountable regardless of whether they commit their crimes on the street corner or in the boardroom. In the white-collar context, that means pursuing not just corporate entities but also the individuals through with these corporations act.”
That’s exactly how it used to be. The federal government wasn’t always so subservient to Wall Street. But within the last three decades, Wall Street has assumed control over the government, its agencies, and Washington. The DOJ says it will increase its efforts in prosecuting Wall Street crime.
We’ll believe it when we see it.