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There have been fewer corporate criminal prosecutions under the Obama administration than there were under the George W. Bush administration. That is absolutely intolerable.
The Transactional Records Access Clearinghouse (TRAC) reviewed hundred of thousands of records from the Department of Justice and found that corporate criminal prosecutions decreased by 30 percent from 2004 to 2014. There were 335 and 237 prosecutions for each year, respectively.
Considering that Obama took office after the largest financial meltdown since the Great Depression, caused by Wall Street criminals, corporate criminal prosecutions should have spiked during the Obama administration. However, this lax approach to prosecuting corporate criminals started at the end of the last Bush administration.
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