Is the Obama Administration shifting focus by switching Attorney Generals?
I
have always wonder how a “no nonsense” guy like Eric Holder would step down at
the Justice Department especially since he does not have a history of ever
running away from a fight and recent run-ins with the Republican Senate and
House members would certainly constitute a fight. Today, I think we may just have our answer.
We
all know that Democrats as well as Republicans enjoy big money donated by big
business in order to win in any election, or that is the perception
anyway. Now having taken their money,
they feel obligated to try and return the favor in any way possible while in
office so holding them accountable, responsible or their feet to the fire is
certainly a lost art and one most avoided by our elected officials. This is also true of the Obama Administration
just like all others before them and that shall follow. Not many have ever been able to navigate this
dark and tricky path but I think the Obama Administration may have just found a
way.
It
is well known that the Justice Department is under the President of the United States
but is also supposed to be separated in such a way to be immune from politics
and not be manipulated by any branch of the government. If this is really true then it would make
sense for the Obama Administration to switch Attorney Generals as they have and
the Republicans to stand as strongly against Loretta Lynch as they have. Consider this.
The
Obama Administration needed a strong, confident and fearless fighter in the AG
Office when they first took over because there were so much that they had to
review, correct or sharpen. They needed
Eric Holder and they got him which meant say what you will about him but be
quite careful how close you stepped toward that thin sometimes, blurred line
because Eric Holder would clearly let you know he was not intimidated by you or
your position. This became clear to all
of congress the first few days he was in office and it remains the same
today. He was called in to confront all
those things that seemed wrong with the last administration and either replace
those lacking in any capacity to do their jobs or strengthen those who felt
powerless.
Now
comes Loretta Lynch and her job is to simply hold those accountable that many
of us thought the long arm of the law would never reach. Consider two articles written by Tom Risen a
technology and business reporter for U.S. News & World Report. The first one titled “PayPal Credit Deception Exposes a Larger Problem reports
among other things that “Digital currency processor PayPal may be forced to pay
$25 million to resolve allegations regarding its credit service for consumers. The online payment company reportedly enrolled
customers in its credit service without their knowledge and even hit some with
fees when a missed payment was its own website's fault, according to government
accusations that signal the Obama administration expects Web businesses to gain
more user consent. The Consumer Financial Protection Bureau this week requested
that PayPal refund $15 million to affected customers and pay $10 million in
fines – a proposal that will be decided upon by a federal judge in Maryland. A
spokesman for PayPal, whose credit product was called Bill Me Later and is now
known as PayPal Credit, said in a statement that it "takes consumer
protection very seriously" and focuses on "ease of use."
Now
they call in an Attorney General that has a reputation of never taking on
something she is not confident she could win and when she gets a hold of
something, she rarely lets go until the final bell rings. This sends a message to all businesses big
and small that together with the Consumer Financial Protection Bureau, taxpayer’s
day in court is right around the next corner.
This is made even clearer by the second article written by Mr. Risen
titled “Big Fines No Longer Cutting
It for Bank Offenses”. This one
reports “guilty pleas by major banks to U.S. charges are the first in decades
and signal stricter government oversight.
Attorney General Loretta Lynch announces guilty pleas from several banks
in connection with the manipulation of the world's currency market on Wednesday
in Washington. News that a handful of
the world's major financial institutions will pay billions of dollars in fines
and plead guilty to felony charges for conspiring to manipulate currency rates
signals that U.S. regulators will no longer be satisfied by merely levying
massive financial penalties against corporate offenders. Four banks – JPMorgan Chase, Citicorp,
Barclays and the Royal Bank of Scotland – have agreed to plead guilty to
criminal charges regarding currency manipulation brought by the Justice
Department and will pay more than $2.5 billion in fines. A fifth, Switzerland's
UBS, will admit to manipulating interest rates and pay $203 million.”
Now
some will see this as no big deal and if I was as skeptical and refused to see
anything but negativity in any move the Obama Administration makes, I would
agree but for someone who likes to try and see the entire picture before
passing judgment on whether anything is good or bad, this is what I see. I see a message to the taxpayers of America
that justice does come even if it does not arrive when we wish it to or expect
it to. I see an example for all others
to follow when it comes to how to handle big donors, big business and big money
interest in politics, if they are truly your friend then you need to hold them
to a higher standard and expect more from them than you would, say an enemy.
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