“Justice Department Urges Banks to Implicate Employees”

“The Justice Department has a suggestion for banks hoping to avoid criminal charges: Rat out your employees.” By agreeing to throw individuals under the bus, the company as a whole will qualify for valuable cooperation credits. [Ben Protess, New York Times “DealBook”] On a similar culture-of-informants theme, Eric Holder is proposing to further boost bounties for Wall Street informants into more massive contingency-fee territory: “Mr. Holder will urge Congress to allow bigger whistleblower rewards under the 1989 Financial Institutions Reform, Recovery and Enforcement Act…. Current law caps any Firrea whistleblower payment at $1.6 million.” [Wall Street Journal, earlier coverage and specifically]

2 Comments

  • I wonder when we start to consider re-naming the “Justice” Department to the Ministry of State Security…

  • @rxc,

    Never, the Ministry of State Security would be DHS. The correct truth in advertising rename for DOJ would be “The Injustice League”.