The Next Witch Hunt

darrellissa

While the Department of Justice seeks to crack down on financial predators and fraudsters, House Oversight Chairman Darrell Issa (R-CA) seeks to crack down on the Department of Justice.

House Oversight Committee Chairman Darrell Issa (R-CA) and Subcommittee on Economic Growth, Job Creation and Regulatory Affairs Chairman Jim Jordan (R-OH) sent a letter to Attorney General Eric Holder on January 8, accusing the Justice Department of “using its civil investigative power” to “inappropriately target two lawful financial services: third-party payment processing and online lending.”

The Department of Justice is trying to determine if big banks helped payday loan sharks extract billions of dollars from their customers’ checking accounts.

Fortunately for America the Department of Justice doesn’t need Inquisitor Issa’s permission to perform its job.

Darrell Issa has come up empty on every investigative witch hunt he has conducted during his time as chairman. This time will be no different because on top of his utter incompetence, the Obama administration is also genuinely clean.

It has to be. The president and Attorney General Eric Holder know just as well as you that standards are higher for his administration than previous administrations for unfortunate reasons.

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  • muselet

    The Department has consistently stated that its goal is to combat mass-market consumer fraud. However there is ample evidence that the true target of Operation Choke Point is the online lending industry, not actual frauders. Initial press reports of the Department’s investigations support such an understanding.

    A couple of points. First, the chairman of a large, well-staffed committee with resources to burn and the chairman of a large, well-staffed subcommittee are reacting to something they presumably saw on Fox News Channel. And second, payday loans are almost by definition consumer fraud.

    Two prominent, powerful congressional Rs are more interested in protecting usurers from investigation than they are in protecting the public from usurers. Why am I not surprised?

    –alopecia

    • Kitty Smith

      Profesional courtesy?

      • muselet

        Old joke:

        Why don’t sharks attack lawyers?
        Professional courtesy.

        –alopecia

    • Christopher Foxx

      there is ample evidence that the true target of Operation Choke Point is the online lending industry, not actual frauders

      So the true target of Operation Choke Point is frauders, not frauders?

      Say what?

      • muselet

        Gotta split those hairs, don’t’cha know.

        –alopecia