On 24 September 2013, Syracuse University's "TRAC Reports," which is the only organization that tabulates the federal government's prosecutions of elite financial crimes, headlined "Slump in FBI White Collar Crime Prosecutions," and reported that, "Prosecutions of white collar criminals recommended by the FBI are substantially down during the first ten months of Fiscal Year 2013." This was especially so in the Wall Street area: "In the last year, the judicial District Court recording the largest projected drop in the rate of white collar crime prosecutions -- 27.8 percent -- was the Southern District of New York (Manhattan)."
Thus, President Obama has kept the promise that he had made in secret to the assembled Wall Street CEOs inside the White House on 27 March 2009 (but that was leaked out), "My administration ... is the only thing between you and the pitchforks." Obama was promising to protect them from the "pitchforks": that term referring to the Old South, where racist mobs of Whites pursued Blacks to lynch them. Our President was saying he'd protect these men from such a mob as that. He saw these billionaires and centi-millionaires as being the victims, whom he would protect from an irrational mass of people: today's American public.
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