Merde Alors
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QUESTION:
One of the reasons why so many of the people at the Occupy Wall Street protests are so angry is because, as you say, so many people on Wall Street did not follow the rules.
But your administration hasn’t really been very aggressive in prosecuting. In fact, I don’t think any Wall Street executives have gone to jail despite the rampant corruption and malfeasance that did take place. So I was wondering if you’d comment on that.
PREZNIT:
You know, the financial sector is very creative, and they are always looking for ways to make money. That’s their job. And if there are loopholes and rules that can be bent and arbitrage to be had, they will take advantage of it.
So you know, without commenting on particular prosecutions---obviously, that’s not my job; that’s the attorney general’s job---you know, I think part of people’s frustrations---part of my frustration was a lot of practices that should not have been allowed weren’t necessarily against the law, but they had a huge destructive impact. And that’s why it was important for us to put in place financial rules that protect the American people from reckless decision-making and irresponsible behavior.
QUESTION:
Are you satisfied with how aggressive your administration has been when it comes to prosecuting this? I know a lot of it was legal, but a lot of it was not---
PREZNIT:
Right, and---well, let me say this. The president can’t go around saying prosecute somebody. But as a general principle, if somebody is engaged in fraudulent actions, they need to be prosecuted. If they’ve violated laws on the books, they need to be prosecuted. And that’s the attorney general’s job. And I know that Attorney General Holder, U.S. attorneys all across the country — they take that job very seriously .
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