Rush Limbaugh Quotes
After four years is when they [Barack Obama Justice Department] announced that no charges would be pursued and no prosecutions would be pursued [George W.Bush]. So Trump's got time, is the point, folks.
Limbaugh, Rush. The Rush Limbaugh Show. Premiere Networks, 2017.
Actually a few minor characters were prosecuted for financial crimes committed during that period but none were prosecuted whose behavior caused or accelerated the meltdown, and no bank officers were prosecuted despite the FBI reporting that hundreds of thousands of Mortgage Foreclosure involved perjury by bank officers in a pattern that was used by most of the large major banks. The Obama administration was in the dilemma of either choosing one or two bank officers of whom to make an example or if all those who had committed serious crimes were prosecutors, it would involve thousands of the officers of almost every major bank and tens of thousands of officials and mortgage related firms. These were among the wealthiest and most influential people in the country, and there would be few left to build the American Banking System back up when that was one of our most important national priorities. They were also amongst the largest political contributors to both political parties. So the government bailed the bankers out financially, allowed them to maintain million dollar of more salaries and bonuses, and gave the entire batch of people who broke the law a de facto immunity from criminal prosecution. A further complicating factor was that many of the most egregious, greedy, and publicly harmful were not illegal as a result of much change in the law as a part of financial deregulation or were new schemes that the financial industry had successfully lobbied to prevent regulation as with Derivatives.
Barry Bonds was a star professional baseball player whose accomplishments were aided by taking illegal drugs. He lied about his use of drugs, and the Department made a very large effort over years to finally prosecute him. However during that time there were almost no prosecutions of the thousands of bankers and financiers who had lied, cheated, forged legal documents and in the process almost permanently ruined the American economy—the Great Recession of 2008. The Justice Department claimed that white collar cases are very complex and take longer to prepare prosecutions. Critics claimed that there are so many law breakers, that the government does not want to prosecute all the felons, but just go after a few, and this is easier if time has gone by and public anger has receded or been forgotten.
He was explaining his reasons for resigning in 2005 from the number two position in the Justice Department. The George W. Bush administration had implemented a program of secret wiretapping and surveillance of American citizens in America which required the authorization of the Justice Department which had determined that the program as it was being implemented violated the law. The Attorney General was ill in the hospital but had told Comey that he would not sign the authorization. The White House then pressured Comey to sign and he refused, and in a similar replay of the Watergate “Saturday Night Massacre”, the number three man at Justice would have been ordered to sign. His resignation convinced President Bush to alter the program to take account of the Justice Department objections.
Rush Hudson Limbaugh III was an American radio personality, conservative political commentator, author, and television show host. He was best known as the host of The Rush Limbaugh Show, which was nationally syndicated on AM and FM radio stations.
