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Congress is starving federal white-collar law enforcement — a subtle and lucrative favor to the crooks and connivers among the political donor class. The move is costing honest people everywhere, damaging economic growth and perverting government.
This year the number of federal white-collar crime prosecutions will be about 37 percent below 20 years ago, when Bill Clinton was in the White House.
The decline grows from our corrupt campaign finance system, which by its nature shifts the focus of elected leaders away from crimes in the C-suites to harsh enforcement of laws on the streets.
The reduction in prosecutions for white-collar crimes was revealed in Department of Justice data analyzed by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University.
Except for a brief upswing in the first three years of Barack Obama’s administration, the number of federal white-collar prosecutions has been trending downward for two decades. This fiscal year, which ends Sept. 30, will see fewer than 6,900 white-collar prosecutions, down from nearly 11,000 in 1995, the TRAC report shows.
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