I'm requesting in this post that someone who has administrative rights to this blog, whether it be Shane or Toona Fish, add another important link to our list. This one is Jesse's Café Américain.
I'm reprinting here one of his articles that I feel should be carried on this blog because of the scale of possible implications the story could involve.
Jesse's commentary follows after link:
US Treasury Department Official Allegedly Aided and Abetted Banking Fraud (Again)
Dated: January 16, 2009.
Darrell Dochow earns $230,000 per year at Treasury in banking regulation. He reportedly gave Indymac some suggestions on cooking their books, and then allowed the exception to the rules to accomplish it. It appears to have been a blatant and obvious accounting fraud.
Mr. Dochow is also the official who presided over the Lincoln Savings and Loan scandal. Having looked into Charles Keating's eyes and seeing him a good man, he reportedly overrode the protests and findings of fraud from the banking experts. After his S&L debacle he was apparently demoted, but brought back into a position of importance under the Bush Administration. All the details on this have not yet been made public.
Mr. Dochow is unlikely to do any prison time, but may lose his job. That is because this is 'criminal with a small c' according to this news report.
When this sort of behaviour becomes criminal with a 'capital C' and when people like Dochow find themselves on the business end of FBI probes and Justice Department indictments at least as serious as the one mounted against Eliot Spitzer and his hooker, we might make some approach to honesty and reform in this country.
Ok, Obama Administration, the buck is on your desk now. Time to take meaningful action to back up the rhetoric.
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