Hi,
President Biden promised that his Justice Department would crack down on
white-collar criminals and corporate monopolies.^1,2
But in fact, after Biden was elected, corporate prosecutions fell to the
lowest level in nearly 30 years, and this Justice Department has brought
even fewer cases against white-collar criminals than the Trump
administration did.^3
Now things could get even worse. The Justice Department just unveiled a
new "Safe Harbor Policy" that gives a free pass to corporate wrongdoers
involved in mergers and acquisitions — which will not only let corporate
rule-breakers off the hook but directly incentivize even more corporate
monopolies.
This should be a major controversy, but the mainstream news media has
barely even noticed. So we're taking it to the streets: With your support,
we're driving a hard-hitting mobile billboard around Justice Department
headquarters this week, demanding that they finally crack down on
corporate criminals.
[ [link removed] ]Will you make a donation to Demand Progress Action to support our work,
including driving mobile billboards around DOJ headquarters demanding they
stop giving a free pass to corporate criminals?
[ [link removed] ]Donate $10
[ [link removed] ]Donate $20
[ [link removed] ]Donate $40
[ [link removed] ]Or, donate another amount
The two worst corporate-caused crises of the 21st century — the
pharmaceutical industry-driven opioid epidemic and the 2008 financial
crisis — partly resulted from enforcement agencies failing to fight
systemic criminal misconduct before it was too late. ^4
You see, the larger corporations get, the more they can raise prices and
lower the quality of their products and services, while consumers have no
recourse. But the DOJ's new "Safe Harbor Policy" actually encourages MORE
mergers.
The new rule is like a get-out-of-jail-free card for corporations that
have broken the law, so long as the company is later acquired by another
entity and misconduct is reported within a certain time period.
The policy will encourage harmful corporate consolidation and offer a path
for corporate criminals to evade the consequences — all at the expense of
consumers, workers, innovators, entrepreneurs, and the rule of law.
That's why Demand Progress Action is pressuring the Biden DOJ to reverse
this new policy and ramp up its enforcement of white-collar corporate
crime. And we're driving a mobile billboard around DOJ headquarters to
ramp up public attention so this issue can no longer be ignored.
[ [link removed] ]Will you donate $10 to Demand Progress Action to support
our work, including pressuring the Biden administration to drop its "Safe
Harbor Policy" and step up enforcement of white-collar crime?
With gratitude for all that you do,
Tihi and the team at Demand Progress Action
[ [link removed] ]DONATE
Sources:
1. The White House, "FACT SHEET: Executive Order on Promoting Competition
in the American Economy," [ [link removed] ]July 09, 2021.
2. U.S. Department of Justice Office of Public Affairs, "Deputy Attorney
General Lisa O. Monaco Gives Keynote Address at ABA's 36th National
Institute on White Collar Crime," [ [link removed] ]October 28, 2021.
3. Public Citizen, "Corporate Prosecution Doldrums: Corporate Crime
Prosecutions Remain Near Record Low in 2022," [ [link removed] ]October 30, 2023.
4. Ibid.
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