DOJ Vows to Crack Down on Corporate Criminals, But Watchdogs Skeptical
(COMMON DREAMS) After years of letting Wall Street greed run rampant, the U.S. Department of Justice is now claiming that it will finally crack down on corporate criminals.
But observers and watchdog organizations say that a set of new guidelines, authored by Deputy Attorney General Sally Yates on Wednesday, come “way too late” and do not, in themselves, constitute bold action.
“The memo amounts to a striking admission that the DOJ’s policy on Wall Street corporate crime has been completely ineffective,” said Robert Weissman, president of watchdog group Public Citizen, in a statement released Thursday. “The real test going forward will be if the agency can put this policy into action and enforce it aggressively.”