CPR Archive for Rena Steinzor

Are We Done with Sweetheart Deals for Too Big Banks?

by Rena Steinzor | May 21, 2015

In her first major criminal settlement since becoming Attorney General, Loretta Lynch has delivered, trussed and on a platter, five of the world’s biggest banks—Citigroup, JPMorgan Chase, Barclays, Royal Bank of Scotland, and UBS.  The five will actually plead guilty to specific crimes involving manipulation of foreign currency markets and will pay close to $6 billion in penalties for illegally collaborating to drive trading prices up and down. As one not-so-bright bank executive pronounced slyly in an online chat room that the self-named “cartel” used to communicate, “If you ain’t cheating, you ain’t trying.” 

Although the settlements send a strong message to future cheaters, the striking thing about the announcement was that the new Attorney General extracted something truly unusual: guilty pleas from these large corporations. Her predecessor, Eric Holder, famously settled time and again for “deferred prosecution agreements,” no matter how egregious the corporate crimes. Such deals collected large amounts of money but omitted the crucial element of an admission of guilt, and the accompanying payments were no more or less than a cost-of-doing-business tax for corporations that already don’t pay enough into the public fisc. In the process, one primary goal of the criminal justice system—expressing society’s condemnation of immoral behavior—flew right out the window.

Holder’s cramped justification for the agreements was that forcing a guilty plea might put the banks out of business because they could lose their licenses to operate as a result. ...

GM and Its No Good, Very Bad Year

by Rena Steinzor | May 01, 2015
With the announcement that GM Chief Executive Officer Mary Barra received the outsized compensation of $16.2 million in 2014, what should have been a year of humiliation and soul-searching for that feckless automaker instead ended on a disturbingly self-satisfied note.  Purely from a public relations perspective, Barra worked hard for her money.  Appearing repentant, sincere, and downcast, she persuaded star-struck members of Congress that the company was committed to overhauling a culture characterized by what she called the “GM shrug,” ...

The Age of Greed: Toxic Chemical Control Is 'High Priority' Failure for Nation’s Government

by Rena Steinzor | February 11, 2015
Today, the Government Accountability Office (GAO) reiterated its conclusion that EPA’s regulation of toxic chemicals is in crisis, unable to deliver badly needed protection to the American people.  These benighted programs are among a couple of dozen of “high priority” failures that cause serious harm to public health, waste resources, or endanger national security, and Congress is giving the report red carpet treatment, with House and Senate hearings on the report scheduled the very day it was released.  In auditor ...

With State of the Union Address, Obama Begins Sketching Out a Positive View of Government

by Rena Steinzor | January 23, 2015
There were many highlights in President Obama’s recent State of the Union address, but one passage in particular stuck out for us.  In this passage, Obama laid out his clear vision of the positive role that government can and must play in our society—and sharing this vision with the American public will be essential for successfully repelling the oncoming Republican onslaught against regulatory safeguards.  He cast his positive vision of government in the following terms: But here’s the thing—those of ...

Corporate Violence as Crime

by Rena Steinzor | January 09, 2015
A year ago, about 300,000 people in and around Charleston, West Virginia, lost their drinking water source when thousands of gallons of a toxic chemical known as MCHM (4-methylcyclohexanemethanol) leaked into the nearby Elk River through a hole in a rusted-out storage tank. Last month, the wheels of justice began to catch up with the owners of the responsible company when they were indicted by U.S. Attorney Booth Goodwin.  Coincidentally, the West Virginia indictments came down on the same day ...

Steinzor Reacts to Indictments in West Virginia Chemical Spill Case

by Rena Steinzor | December 17, 2014
CPR President Rena Steinzor issued the following statement in response to today's announcement that a grand jury had indicted owners and managers of Freedom Industries in connection with the massive leak of 4-methylcyclohexanemethanol (MHCM) that fouled the Elk River and triggered a drinking water ban for 300,000 residents earlier this year: Booth Goodwin continues to distinguish himself as a tough prosecutor who is willing to use the law to punish and deter those who threaten public health.  Because this harsh ...

Obama’s Path to Progress: Will the White House Compel Rich Utilities to Clean Up Giant Coal Ash Pits?

by Rena Steinzor | December 15, 2014
We’ll soon learn the results of White House deliberations over EPA’s long-delayed coal ash rule, one of the Essential 13 regulatory initiatives we’ve called upon President Barack Obama to complete before he leaves office.  Under the terms of a consent decree, EPA is required to issue its new rule by Friday, December 19. As glad as we are to see this phase of the rule’s tortuous odyssey come to a close, we suspect that court, not a victory party, will ...

EPA's Long-Delayed Ozone Proposal

by Rena Steinzor | November 26, 2014
How much is it worth to save the life of a grandfather with lung disease or to keep an asthmatic child out of the hospital?  The ozone rule, which EPA proposes today after years of politically motivated delay and while staring down the barrel of a court order, responds to the urgent calls of a gold-standard panel of scientists, who have been pleading with the agency to lower the existing standard of 75 parts per billion to the lower end of ...

CPR is Hiring a Chesapeake Bay Policy Analyst

by Rena Steinzor | November 25, 2014
CPR is on the hunt for an energetic, organized, and dedicated advocate to join our staff as a Policy Analyst. The focus of this position is restoring the Chesapeake Bay through strong implementation of the Bay TMDL. We are especially interested in candidates who have a background in the legal and policy issues related to both clean water and climate change adaptation. Expertise in GIS and other mapping software is a plus. For a full job description, please see our ...

Why I Wrote This Book: Why Not Jail?

by Rena Steinzor | November 17, 2014
I have spent 38 years in Washington, D.C. as a close observer of the regulatory system, specifically the government’s efforts to protect public health, worker and consumer safety, and the environment. The system’s a mess. Regulatory failure has become so acute that we truly are frozen in a paradox. On one hand, people expect the government to ensure that air and water are clean, workers don’t die on the job for avoidable reasons, food is safe, and drugs are efficacious. ...

Blankenship Indictment 'An Example for Every Prosecutor in the Country'

by Rena Steinzor | November 13, 2014
U.S. Attorney Booth Goodwin has set an example for every prosecutor in the country by indicting Don Blankenship, the venal, punitive, flamboyant, and reckless former CEO of Massey Energy. For years, Blankenship demanded updates on coal production every two hours and, the indictment reveals, browbeat senior managers to cut cost and violate crucial safety.  In one handwritten note, he told one such target, “You have a kid to feed.  Do your job.”  When the Upper Big Branch mine exploded, propelling ...

President Obama’s Home Stretch: Saving Lives, Conserving Natural Resources, and Securing His Legacy

by Rena Steinzor | November 07, 2014
Last Sunday, the New York Times ran the best of dozens of stories about how President Obama will behave in the last quarter of his eight years in office. Veteran political reporters Peter Baker and Michael Shear wrote: “As the President’s advisers map out the next two years, they have focused on three broad categories: agenda items he can advance without Congress, legislation that might emerge from a newfound spirit of compromise with Republicans, and issues that Mr. Obama can ...

The President’s Path to Progress: Get Serious About Regulating

by Rena Steinzor | November 05, 2014
One curse of being a two-term president is that in your last two years, you must endure a conversation about whether you’re still relevant. For Barack Obama, that conversation is about to go kick into high gear. The pundits will observe, correctly, that his legislative agenda has little chance of moving through the new Congress, although that’s been true since 2011, of course. So what is the path to progress for Barack Obama in these last two years of his ...

EPA Sends Coal Ash Rule to OIRA

by Rena Steinzor | October 28, 2014
After ringing its hands for nigh on four years, EPA has at last coughed up a final coal ash rule.  Of course, no one but the White House staff will know what it says until the White House releases it in absolutely final form.  Nevertheless, the staff will now engage in the charade of hosting multiple appearances by various interest groups that want to tell the President’s people about those concerns without really knowing what they should be talking about. ...

The Real Price of Chicken Nuggets: Obama Administration Turns Its Back on Poultry Processing Workers; Crippled (Literally) by a Thousand Cuts

by Rena Steinzor | August 07, 2014
Only in Washington, D.C. is nothing portrayed as something.  Out in the nation, not so much.  And so it was late last week that the Obama Administration took a victory lap for not making life even more miserable for some of the most abused workers in America. Yup, despite the best efforts of the Occupational Safety and Health Administration (OSHA), which is supposed to watch out for workers’ well-being, the U.S. Department of Agriculture (USDA), the life-long booster for corporate ...

Tweaks to Bad Chicken Processing Rule Leave Workers and Consumers in the Lurch; Rule Hurtles Out of the White House Door at Record Speed

by Rena Steinzor | July 30, 2014
We’ve received the bad news from impeccable sources that the much-criticized USDA poultry processing rule has passed White House review at record speed—20 days, count ‘em!—and will be released late this afternoon.  As usual, the process of OIRA review was shrouded in secrecy, with affected stakeholders filing in and out of the White House to talk about a rule they had never seen to taciturn OIRA officials who had long since cut a deal with USDA.  Of course, the late ...

Silly “Secret Science” Scheme Slithers to the Senate

by Rena Steinzor | July 28, 2014
It must be something of a game for them.  That’s really the only explanation I can come up with for why the antiregulatory members of Congress seem so intent on competing with each other to see who can introduce the most outlandish, over-the-top anti-EPA bill.  If it is a game, then its best competitors would have to include Senators John Barasso (R-WY) and David Vitter (R-LA) who earlier this month introduced S. 2613, the Secret Science Reform Act of 2014. ...

Department of Agriculture Sends Misguided Fiasco of a Poultry Processing Rule to the White House

by Rena Steinzor | July 11, 2014
The U.S. Department of Agriculture (USDA) sent its benighted poultry processing rule to the White House for final review.  The millions of consumers who eat undercooked chicken at their peril and the beleaguered workers in these dank, overcrowded, and dangerous plants can only hope the President’s people come to their senses over there and kill this misguided fiasco.  Ordinarily, we would have hoped that Department of Labor secretary Tom Perez would have put his foot down before USDA proceeded with ...

Also from Rena Steinzor

Rena Steinzor is a Professor of Law at the University of Maryland Francis King Carey School of Law, and a past president of the Center for Progressive Reform. She is the author of Why Not Jail? Industrial Catastrophes, Corporate Malfeasance, and Government Inaction.

One Step Forward and Two Steps Back on Toxic Chemicals

Steinzor | May 24, 2016 | Environmental Policy

We Need to Get Back to Work

Steinzor | May 13, 2016 | Regulatory Policy

Steinzor Reacts to Blankenship Sentencing

Steinzor | Apr 06, 2016 | Workers' Rights

Steinzor Reacts to SCOTUS Chesapeake Bay Case

Steinzor | Feb 29, 2016 | Chesapeake Bay

Blankenship Convicted in Massey Coal Mine Disaster

Steinzor | Dec 03, 2015 | Access to the Courts

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