Bill Daley, White House Chief Of Staff, Pressed About Lack Of Jail Time For Wall Street Culprits

WASHINGTON — White House Chief of Staff Bill Daley declined on Sunday to bring the president into the debate over why no major player in the collapse of the financial system in 2008 has gone to jail.

Appearing on NBC’s “Meet the Press,” Daley, who worked as an executive at JP Morgan prior to joining the White House, said it wasn’t the role of a politician, let alone a president, to weigh in on judicial matters. Besides that, he added, the reforms that Obama instituted years after the crash occurred were indicative of his dissatisfaction with the financial sector.

“I think the president, no one has been more out front on the need for financial reform,” said Daley. “Obviously the justice system will take its place and the politicians should not engage in trying to say who should be prosecuted or who should not. That is not a responsible thing to do. You have a number of attorney generals moving forward on cases that are legitimate. But the president felt very strongly — that’s why he fought so hard for national regulatory reform — that the system has got to change…

I need a barf bag.