Elizabeth Warren: Obama is 'shockingly weak' on corporate crime

Elizabeth Warren offers some harsh criticism for Obama.
(Image credit: Alex Wong/Getty Images)

In a newly released report, Sen. Elizabeth Warren (D-Mass.) offers harsh criticism of President Obama's handling of corporate malfeasance. Warren's 12-page booklet argues that lax enforcement by the Obama administration results in "rigged justice," a point she illustrates by examining 20 cases from 2015 in which she says "the federal government failed to require meaningful accountability."

Warren charges that Obama's record on "accountability for corporate crimes is shockingly weak":

Obama administration officials routinely discuss the need for tough enforcement. [...] Despite this rhetoric, DOJ civil and criminal settlements — and enforcement actions by other federal agencies — continually fail to impose any serious threat of punishment on corporate offenders. This is true regardless of the scope of their crimes or their impact on the economy, on workers, on investors, or on the environment. The pattern of weak enforcement extends beyond the Justice Department to other enforcement agencies. [Rigged Justice]

In an attendant op-ed at The New York Times, Warren contends that the solution to many regulatory woes is a change in personnel, and that this should be a primary consideration for voters in 2016.

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