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9/1/18

USA: White Collar Crime: Catapulting White Collar Crime into the Center of American Politics - by Frank Vogl

The Trump White House is explicitly curbing white collar criminal investigations and prosecutions. That move is designed to comfort its friends but ends up hitting hard at millions of Americans who are the victims of those financial crimes.

White collar criminal prosecutions in the United States are now at their lowest levels seen in 20 years – a decline of over 30% compared to just five years ago.

No one can be seriously surprised that President Trump has promoted impunity for the wealthy. What he is underestimating is how this could backfire and add significantly to his political problems.

The actions by this White House to curb white-collar crime, provide impunity to top bankers and bury government ethics rules provide substantial ammunition to Trump’s opponents ahead of this November’s crucial Congressional elections.

Trump’s (in)actions notably suit Senator Elizabeth Warren, a likely Democratic candidate for the 2020 U.S. presidential elections. Warren is moving to raise her already high profile in leading the anti-corruption charge.

Read more: Catapulting White Collar Crime into the Center of American Politics - The Globalist

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