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Going Soft on Corporate Crime
Date: 04-10-2008
Type: opinion
Source: New York Times
Type: opinion
Source: New York Times
The Bush administration has a well-known aversion to regulating big
business. As it turns out, it is also reluctant to prosecute
corporations that break the law. Federal prosecutors have been
regularly offering settlements to companies for wrongdoing that, in
previous administrations, would likely have led to criminal charges. It
is another disturbing example of how this administration has taken the
justice out of the Justice Department.
Eric Lichtblau reported in The Times on Wednesday that during the last three years, the department has put off prosecuting more than 50 corporations on charges ranging from bribery to fraud. Instead, it has been entering into so-called deferred prosecution agreements and nonprosecution agreements, in which companies are allowed to pay fines and hire monitors to watch over them.
For the full editorial click here.
Organization:
New York Times