Holder says no bank 'too big to indict,' more financial cases coming

[unhappycamper]

http://www.latimes.com/business/la-fi-holder-bank-cases-20140125,0,6097170.story



Atty. Gen. Eric H. Holder Jr. said the Justice Department will be bringing more cases involving “significant financial institutions." (Ryan M. Kelly, Associated Press / January 23, 2014)

Holder says no bank 'too big to indict,' more financial cases coming
By Jim Puzzanghera
January 24, 2014, 9:10 p.m.

WASHINGTON — Atty. Gen. Eric H. Holder Jr., warning that no bank is "too big to indict," said the Justice Department will be bringing more cases involving "significant financial institutions" as it continues to investigate Wall Street misconduct.

"I think people just need to be a little patient," Holder said Friday in a television interview. "I know it's been a while. But we have other things that are in the pipeline."

The Justice Department has been criticized for not filing more cases against Wall Street firms and executives for activities leading up to the subprime housing market crash and the financial crisis.

Holder has taken heat for telling a Senate hearing last year that some financial institutions were "so large that it becomes difficult to prosecute them" because criminal charges could hurt the U.S. and even the world economies.

[The Velveteen Ocelot]

1. I sure hope so - it's about damn time.

[snot]

2. Two points:

1. Convicting a bank ensures only that shareholders might see a loss. It does nothing to deter the individual, senior executives who caused the problems from moving on and committing the same wrongs at other banks or companies.

2. I thought I read that they've already run into a statute of limitations barrier on at least one case. Time is running out.

[Tansy_Gold]

3. I'm not holding my breath.

I don't look good blue.

[golfguru]

4. I am holding my breath

and my face is turning blue!
I better give up on Holder real soon!!!