Eric Holder: No such thing as "too big to jail"

[think]

Really?

2011:

Promises Made, and Remade, by Firms in S.E.C. Fraud Cases

By EDWARD WYATT - NOV. 7, 2011

Citigroup’s main brokerage subsidiary, its predecessors or its parent company agreed not to violate the very same antifraud statute in July 2010. And in May 2006. Also as far as back as March 2005 and April 2000.

http://www.nytimes.com/2011/11/08/business/in-sec-fraud-cases-banks-make-and-break-promises.html?_r=0

2015:

Four Banks Plead Guilty To Foreign Exchange Collusion, UBS Pleads Guilty To Wire Fraud
By Antoine Gara - MAY 20, 2015 @ 11:12 AM

U.S. banking giants Citigroup and JPMorgan Chase and U.K.-base conglomerates Barclays and The Royal Bank of Scotland have agreed to plead guilty antitrust violations stemming from their collusion to manipulate prices in the foreign exchange market over the course of five years, the Department of Justice said on Wednesday.

Read more:
http://www.forbes.com/sites/antoinegara/2015/05/20/four-banks-plead-guilty-to-foreign-exchange-collusion-ubs-pleads-guilty-to-wire-fraud/

Thank goodness Elizabeth Warren is around:

Elizabeth Warren is calling for public hearings on banks
By Reuters - MAY 24, 2015, 6:58 PM

Five of the world's largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined some $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on May 20

"When banks plead guilty to a crime, federal agencies must do more than look the other way," Warren told the Financial Times. "The SEC has already granted waivers to each of these banks without any detailed explanation, but it is not too late for the Department of Labor to hold a public hearing before it decides that such brazen lawbreakers can be trusted managing workers' retirement accounts."

Read more:
http://www.businessinsider.com/elizabeth-warren-is-calling-for-public-hearings-on-banks-2015-5

[drynberg]

1. Eric, YOU LIE!

Reality doesn't agree with your words...just the opposite. Disgusting...

[Dustlawyer]

2. Eric Corporatist Sell Out Holder cemented the fact that their are a class of people and

corporations that are above the law. The Wall Street banksters are just the most glaring example, tied with Bush/Cheney. I'll give you a less well known one.
BP pled guilty to felonies stemming from the March 23rd 2005, explosion at their Texas City, Texas refinery where they killed 15 and injured thousands. They paid a fine and were placed on probation. On April 20th, 2010, they blew up the Deepwater Horizon and killed 11 more and devistated the Gulf both environmentally and economically which continues to this day. Our office met with Eric Holder and provided the documents behind the original crimes and asked for BP's probation to be revoked. Not only did he not revoke the probation, he let them off EARLY!
This is but one of the costs of our political system where big money has purchased the politicians and therefore always get what they want, to get off Scott free from any possible criminal liability.
How much longer will we allow Big Money to buy OUR REPRESENTATIVES? In what universe does any of our campaign finance make any sense? We should not be surprised at what they do when we allow bribery of our public officials! I mean, we judge the viability of our candidates by how much money on bribes they take in every reporting period!

[think]

5. Did not know about his background in relation to those incidents

Thank you for bringing it to my attention.

There is certainly some history of Holder getting corporations off the hook for serious situations.

And we were warned. Holder represented Chiquita and got them off with just fines for their involvement in funding a group charged with murdering union members before between leaving the Clinton administration and joining the Obama administration:

Lawyer for Chiquita in Colombia Death Squad Case May be Next U.S. Attorney General
By Dan Kovalik - 12/07/2008 5:12 am EST

~Snip~

Chiquita has already admitted in a criminal case that it paid the AUC around $1.7 million in a 7-year period and that it further provided the AUC with a cache of machine guns as well.

Indeed, Holder himself, using his influence as former deputy attorney general under the Clinton Administration, helped to negotiate Chiquita's sweetheart deal with the Justice Department in the criminal case against Chiquita. Under this deal, no Chiquita official received any jail time. Indeed, the identity of the key officials involved in the assistance to the paramilitaries were kept under seal and confidential. In the end, Chiquita was fined a mere $25 million which it has been allowed to pay over a 5-year period. This is incredible given the havoc wreaked by Chiquita's aid to these Colombian death squads.

~Snip~
Full article:
http://www.huffingtonpost.com/dan-kovalik/lawyer-for-chiquita-in-co_b_141919.html

[on point]

3. And proves his pt by pointing to list of Bush War criminals & Banksters

Convicted= zero

[truebluegreen]

4. Tool.

[swilton]

6. Actions Holder

Actions

[djean111]

7. Maybe the correct term is actually "Too rich and powerful to jail".

Too big of a campaign contributor to fail.
Too influential on jobs after government service to fail.
Stuff like that.

[raindaddy]

8. It's not Holder's fault!!!

It's not that the banksters were too beg to jail, it's that Holder had a tiny jail....

[mother earth]

9. Then...JAIL them! Fines are not enough, jail the bastards.

Love that sig line, Think.