New Economic Perspectives has the article Not with a Bang but a Whimper: DOJ Says it Cannot Prosecute “Rocket Science” Frauds. The starting point for this article is a discussion of the interview with Bloomberg News of departing Deputy Attorney General James Cole. The conclusion ends with the following:
Cole (and Lanny Breuer and Holder, and Obama – all lawyers) never even thought in these terms.
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They all failed to even try to do their duty.
Maybe my distaste for Obama and his team is a result of reading too many articles like this one by William K. Black. My disappointment with so much of Obama’s administration is exactly “They all failed to even try to do their duty.” Failing against strong opposition is forgivable, if you at least try. Not trying is the unforgivable part.
Sadly, Obama’s legacy will be “He didn’t even try”.