The Chickenshit Club

The Chickenshit Club

Why the Justice Department Fails to Prosecute Executives

Book - 2017
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From Pulitzer Prize-winning journalist Jesse Eisinger, a blistering account of corporate greed and impunity, and the reckless, often anemic response from the Department of Justice.

Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed "Too Big to Fail" to almost every large corporation in America--to pharmaceutical companies and auto manufacturers and beyond.

The Chickenshit Club --an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs--explains why. A character-driven narrative, the book tells the story from inside the Department of Justice. The complex and richly reported story spans the last decade and a half of prosecutorial fiascos, corporate lobbying, trial losses, and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives.

The book begins in the 1970s, when the government pioneered the notion that top corporate executives, not just seedy crooks, could commit heinous crimes and go to prison. The book travels to trading desks on Wall Street, to corporate boardrooms and the offices of prosecutors and F.B.I agents. These revealing looks provide context for the evolution of the Justice Department's approach to pursuing corporate criminals through the early aughts and into the Justice Department of today.

Exposing one of the most important scandals of our time, The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring these alleged criminals to justice.
Publisher: New York : Simon & Schuster, 2017.
Edition: First Simon & Schuster hardcover edition.
ISBN: 9781501121364
1501121367
Branch Call Number: 364.168
Characteristics: xxi, 377 pages ; 24 cm
Alternative Title: Chicken shit club

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StarGladiator
Jul 13, 2017

**** NEGATIVE Rating **** NEGATIVE Rating **** NEGATIVE Rating****NEGATIVE Rating
[Update: This AM - - 7/20/17 - - on Dave Ross Fake News Show {KIRO} he interviewed the author, Eisenger, who said that nobody sent Eric Holder an email telling him not to prosecute the bankers - - completely ignoring that WikiLeaked email to Obama, directing him to appoint Covington & Burling's Eric Holder to be his attorney general! Of course, Dave Ross knows nothing of such things . . . .]
This book is completely bogus - - no other way to put it. The author isn't just spinning, the author has spun to infinity and beyond! [The author attempts to establish bogus points as to why the DoJ never prosecuted, ignoring major points of Citigroup directing President Obama to appoint Covington & Burling's Eric Holder to be his attorney general as it was Covington & Burling, for the bankers including Citigroup/Citibank, who created MERS and MERSCorp to enable a global economic meltdown and massive wealth transfer.]
The problem is simple: everything the bankers did was illegal. They illegally circumvented contract law, illegally violated various property laws, real estate laws, tax laws as REMIC status was continuously invalidated, and even their PSAs, or Pooling Securitization Agreements, were invalidated as they didn't follow the contractual rules written, thereby invalidating all the contracts and acted illegal in even that regard!
Again, EVERYTHING the bankers, mortgage lenders and fraudclosers of those fraudclosures was illegal.
Would recommend serious perusing of the following:
Chain of Title, by David Dayen
The Case for the Corporate Death Penalty, by Mary Kreiner Ramirez

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