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State of the Union: Obama Announces New Enforcement Units

January 25, 2012  | 

Photo: CC_Flickr/jmtimages
Photo: CC_Flickr/jmtimages

President Barack Obama announced the creation of law enforcement units to combat mortgage fraud and unfair trade practices in his State of the Union speech on Tuesday.

In the speech, President Obama called on Attorney General Eric Holder to create a special unit of federal prosecutors and state attorneys general to expand investigations into "the abusive lending and packaging of risky mortgages that led to the housing crisis."

The Department of Justice has already devoted significant resources to combating financial fraud, reports the Legal Times blog. In 2009, the Obama administration put together the Financial Fraud Enforcement Task Force, now led by veteran prosecutor Michael Bresnick.

Obama also announced the creation of a Trade Enforcement Unit that will be charged with "investigating unfair trading practices in countries like China," he said. "It's not fair when foreign manufacturers have a leg up on ours only because they're heavily subsidized."

In a remark directed toward the body armor industry, Obama said he wants "new lightweight vests for cops and soldiers that can stop any bullet," reports The Truth About Guns.

Tags: Body Armor, Financial Crimes, Eric Holder, Barack Obama


Comments (11)

Displaying 1 - 11 of 11

Georg @ 1/25/2012 5:19 PM

Then he needs to force the NIJ to listen to B/A manuf. & ballistic material producers, and abolish the draconian 0101.06, which is not in the best interests of LEO's!

Marshal Mehlos @ 1/26/2012 6:00 PM

Attorney General Eric Holder has shown himself to be a racist undisciplined fraud for the past three years...one look at the Fast and Furious scam and the dropping charges of the radical violent espousing New Black panthers, the same group Obama beside as he marched down the streets in 2008, should remind us all that fancy speeches don't cut it. He bails the unions from ALFCIO to the radical SEIU group to campaign and fool the working LE community. Where was he THREE years a go to see that LE had the funds needed? He and the Pelosi democrats supported Occupy Wall Street and demonized police when they protected the streets.

bob @ 1/26/2012 6:27 PM

Just what we need - they haven't done shit with food stamp fraud, Medicaid fraud or any of the other programs where fraud is committed by much less sophisticated people. Just more costly bullshit PR by Obama

Larry @ 1/26/2012 6:29 PM

Wow, a T-shirt that will stop a 50 BMG, just like on TV. I want one. Maybe if he would talk to the manufacturers, he would know that they are all trying to build something better, with their own R&D dollars.

Wally @ 1/26/2012 6:53 PM

Hmmm, I am a police officer. If a manufacturer could make a lightweight BPV that would stop a .50 cal. rifle bullet, well, I'd be very impressed. Uh, don't see that happening.

brandon @ 1/26/2012 7:15 PM

That's just political talk about the vests. He doesn't care about police and soldiers wearing lighter vests. That's an easy line for a speech writer that everyone likes. I second the comment about medicaid and food stamp fraud. He doesn't care about that at all. The only things you can be certain about with Obama is "Investing" or Investment means spending your tax dollars on solyndra or chevy volt and "revenue" means TAX revenue so in short, taxes. Vote conservative. Not republican, but conservative.

brandon @ 1/26/2012 7:21 PM

Oh yea and don't ya think we have enough federal law enforcement agencies and units within non-law enforcement agencies? Its rediculous. I used to study it and still don't know about all of the different agencies and units with arrest powers. Secondly, Obama made comments about governement regulations just he did last year and the year before but what does his track record show? He has only increased them, not lessoned them.

TimFromLA @ 1/26/2012 8:42 PM

Uh, officers, none of this will happen, unless the Republican Congress say yes. You really think that the Republicans really care? Ask James Zadroga...oh wait, he dead from the 9/11 illness, because, the republicans did not want to tax their wealthy buddies to pay for the health of your brothers and sisters

Michael @ 1/27/2012 10:30 AM

In response to some of these comments about money for law enfocement, it should be pointed out that the pattern has been LE funding is increased when dems are in power and decreased when republicans are in power.

John @ 1/27/2012 2:01 PM

Don't know if the picture was taken when he was making this speech, which was clearly directed to getting some of the leo and military vote which he is hurting for, or maybe it's just because I've been watching to much "Lie to Me" but if the picture is taken when he is saying these things, he clearly doesn't intend to follow through with any of it...asymmetrical line, canted away from the person he's responding to, etc

Henry D369 @ 1/28/2012 7:17 PM

So he's creating more jobs at the federal level that he can control yet he rejects jobs in the public sector like the pipeline. get it right Barry!

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