Holder limits seized-asset sharing that split billions with local, state police

[greenforest32]

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Read more at http://www.washingtonpost.com/investigations/holder-ends-seized-asset-sharing-process-that-split-billions-with-local-state-police/2015/01/16/0e7ca058-99d4-11e4-bcfb-059ec7a93ddc_story.html

[politicus]

A very necessary step, but not enough to eradicate the problem

[pbrower2a]

Governments can probably:

1. Sequester cash and near-liquid assets (like marketable securities) that could be used for flight or the continued operation of a criminal enterprise

2. Confiscate and hold valuable items that might be proceeds from an unlawful operation

3. Stop the potential sale of non-liquid assets (like cars and real estate) or borrowing against them if the funds could be used for flight or the continued operation of a criminal enterprise

4. Collect income streams (profits, dividends, interest) to be added to cash holdings already sequestered

5. Sell objects of wasting value or that are usually sold during the operation of the business (such as livestock, crops, farm produce, or milk).

Asset forfeiture is rightly done only as the decision of a civil or criminal trial. So go ahead and sell the assets of a drug dealer upon conviction -- but not until then.   

[🐒Gods of Prosperity🔱🐲💸]

This is a small step in the right direction, but it is significant that it is in the right direction. Hopefully we'll see this change at state and local levels as well, though it will be difficult.

[Cory]

A very necessary step, but not enough to eradicate the problem.

[○∙◄☻¥tπ[╪AV┼cVê└]

Conservative are probably whining about this being another example of Obama era government overreach.

[Lief 🗽]

Eric Holder is a top five all-time attorney general.