Scathing new report details rampant ‘free-for-all’ corporate crimes under Trump administration

So many executive orders, so much twitter. What to do? Well, discuss it here for one...

Moderators: admin, Inquisitor, ForumModerator, WebsiteContent

Post Reply
Message
Author
User avatar
TrueTexan
Verified Member
Verified Member
Posts: 14855
Joined: Sat Dec 01, 2012 7:28 pm
Location: LGC MEMBER: The "Crazy" part of Denton Texas
Contact:

Scathing new report details rampant ‘free-for-all’ corporate crimes under Trump administration

#1 Post by TrueTexan » Tue May 14, 2019 10:56 am

Why does the findings not surprise me. What to expect when you bring in the corporate crooks to manage the agencies that regulate them. The foxes own the henhouse.
The Trump administration is letting corporate crime run rampant.

“This country’s government is rigged in favor of the rich and powerful, and the Trump administration has turned this power gap into a chasm.”

That’s the message delivered by a new report (pdf) out Tuesday from Sen. Elizabeth Warren (D-Mass.) and Rep. Pramila Jayapal (D-Wash.).

The report, “Rigged Justice 2.0,” explains how President Donald Trump’s government is allowing corporations to do whatever they want.

“Our justice system’s soft touch with huge corporations and billionaires is not a new phenomenon,” reads the report. “But under President Trump, it is far worse than it has ever been.”

The report is the second in a series. The first edition, “Rigged Justice,” was released by Warren, a Democratic presidential candidate, in January 2016. The report detailed the weakness of the Obama administration on corporate crime—but, as Warren’s office pointed out in a statement announcing “Rigged Justice 2.0,” those were the good old days.

“This new analysis reveals a catastrophic decline in corporate accountability under President Trump,” said Warren’s office, “illustrating the impact of corporate malfeasance on the American public through a dozen case studies in which the government failed to hold companies and white collar criminals accountable for ripping off the American people, hurting workers, or damaging the environment.”

Among the highlights of the new report are a 20-year low in corporate crime enforcement and an abdication of governmental responsibility for workers, consumers, and the environment. The lack of action to hold corporations accountable, the report argues, is because of an unprecedented takeover of the federal government by corporations.

Among the key findings:

A rapid decline in the number of white collar crime enforcement actions pursued by the federal government, bringing enforcement activity to a 20-year low — down 33.5 percent from 2013, and down 41 percent from 1998;
A decline in monetary penalties and enforcement actions across nearly every federal government agency, including drops in penalty amounts of more than 80% during the administration’s first 20 months at the Department of Justice (DOJ), the Environmental Protection Agency, and the Federal Communications Commission;
A failure to punish banks and financial firms that break the law, including a more than 50% decline in the number of cases brought by the Consumer Financial Protection Bureau, Securities and Exchange Commission, and DOJ; and
Massive declines in the number of federal government employees responsible for enforcing federal laws that protect the security of our financial markets, the safety of our workplaces, and the quality of our air and water.
“The Trump administration has treated their billionaire buddies and corporate campaign contributors like the old friends they are,” reads the report, “handing them the keys to government regulatory decisions, and neutering the federal government’s enforcement tools to address and prevent corporate crime.”

In its 16 pages, the new report exhaustively details a litany of corporate crimes across all sectors and notes the Trump administration’s inaction on nearly every issue, including a defunding and defanging of the regulatory state apparatuses put in place to protect the American people.

“This country’s government is rigged in favor of the rich and powerful,” the report says, “and the Trump administration has turned this power gap into a chasm.”
https://www.rawstory.com/2019/05/rigged ... istration/

Report PDF here https://www.warren.senate.gov/imo/media ... Report.pdf
Facts do not cease to exist because they are ignored.-Huxley
The illegal we do immediately; the unconstitutional takes a little longer-Kissinger
Reasoning will never make a Man correct an ill Opinion, which by Reasoning he never acquired.-Swift

User avatar
CDFingers
Verified Member
Verified Member
Posts: 18412
Joined: Fri Jun 29, 2012 4:09 pm
Location: Member LGC: norCal
Contact:

Re: Scathing new report details rampant ‘free-for-all’ corporate crimes under Trump administration

#2 Post by CDFingers » Tue May 14, 2019 11:05 am

Warren is a sharp cat.

A two woman ticket?

CDFingers
ImageImage
In spite of all you gained, you still have to stand out in the pouring rain
One last voice is calling you, and I guess it's time you go

Post Reply

Who is online

Users browsing this forum: Aztex999, Google [Bot], wooglin and 6 guests