These agreements were created 100 years ago to give juvenile defendants and first-time offenders a chance to for rehabilitate themselves. Only in the last 20 years have DPAs migrated to the field of corporate criminals, treating them like kids who’ve just gone down a bad path in life.
The Justice Department is leaning on these toothless agreements more and more. Of the DoJ’s 283 deferred prosecution agreements since 2000, half have come since 2010, Reilly found in a working paper for BYU Law Review.
Why has the DoJ been so keen on deferred prosecution since 2010? It coincides exactly with investigations into the 2008 financial crisis.
– From the 2014 post: The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally
This is a really good move by Rep. Bill Pascrell of New Jersey. Indeed, the American public certainly has a right to know the details of why the U.S. government allowed Wall Street executives to walk away free, with zero accountability and wealthier than ever before.
Bloomberg reports:
FBI files on the firms that contributed to the 2008 financial crisis should be released to help the public understand why no senior executives were charged, a U.S. congressman from New Jersey said.
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