The (Other) Visual Du Jour – Don’t Get Too Hard on Them!

Actually, not really and less and less (via here and here):

I guess it’s more fun going after Wikileaks and Anonymous.

Marcy Wheeler explains:

“The government as a whole has prosecuted 57.7% fewer financial fraud crimes than they did 10 years ago, when 9/11 changed everything.

The report on our government’s growing disinterest in prosecuting banksters should be paired with this FBI report which I reported on some weeks ago (since that time, FBI has removed the link to the report). The FBI report makes it clear that the FBI, at least, has shifted its approach over the last decade from a “case driven” focus to a “threat driven” focus–meaning that it decides what it’s going to look for and then goes to find criminals committing that crime rather than finds crimes and responds to them. Depending on whether you believe this report or Director Mueller’s June reconfirmation hearing, financial fraud is either the 7th or 5th highest priority for the FBI, behind terrorism, counterintelligence, and cybarattacks.


All of which costs money. The FBI reports that its budget authority–which it notes is driven by the strategy–has more than doubled over the period in which it has found half as many banksters.

Most telling, though, is a stat you get by putting the two reports together. TRAC notes that FBI referred 37.6% of the fraud cases for prosecution so far this year–working out to be roughly 470 cases. But if you work out how many financial cases they say they were tracking last year (they say “more than 2,800″ equates to 57% of the cases), you see they were tracking roughly 4,912 financial fraud cases. If these numbers are correct, it means fewer than 10% of the banksters and other fraudsters they’re tracking ever get charged.

In other words, it’s not that they’re not seeing the crime. They’re just not referring it for prosecution, choosing instead to look for young Muslim men to entrap.”

Bottom line is law enforcement, at that level, has more to do with protecting the system (with a few egregious cases prosecuted every once in a while because either they’re too big to ignore – see: Madoff – or the public needs to be convinced that something is being done as a legitimation boosting mechanism… that ain’t working anymore).

Going after Wikileaks and Anonymous is going after organizations that really threaten the system. So, prosecution knows no bounds and allies itself with corporations (to deny these organizations funding even in the absence of convictions).

One thought on “The (Other) Visual Du Jour – Don’t Get Too Hard on Them!

  1. Is this a result of de-regulation, a change in personality/organizational mindset, or a change in the actual laws (things that used to be illegal are not now)?

    Either way, it’s a pretty striking/concerning decline.

    Kevin Chamow

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>