Categories

Economy & Politics

Tools

  • Economy & Politics
  • Investing
  • Personal Finance
  • Related Posts


    Burger King Teaches Statists About The Power Of The Free Market
    Federal Judges Deliver A Pair Of Small 2nd Amendment Victories
    IRS Admits It Destroyed Lois Lerner’s Blackberry After Congress Began Investigating Scandal
    Free Military Gear To Cops Has Resulted In 184 Local Police Departments ‘Losing’ Guns, Humvees
    The 10 Majors Most Likely To Lead To Underemployment
    WTF White House Statement Of The Day: Syria Airstrikes Edition
    Meet ICREACH: The NSA’s Own Secret Search Engine
    It Begins: Council On Foreign Relations Proposes That “Central Banks Should Hand Consumers Cash Directly”
    Why Isn’t Monetary Pumping Helping The Economy?
    Pennies For Plaintiffs, Millions For Lawyers
    Getting Ahead In This Recovery 
    Mario Draghi’s Challenge To Europe
    Is Secular Stagnation Real?
    Can Korea Tax Itself To Prosperity?
    Everybody’s Running (Rob Portman Edition)


    Holder Admits Some Banks Too Big To Prosecute

    Forget too big to fail. Apparently, some financial institutions are too big to prosecute.

    Attorney General Eric Holder told the Senate Judiciary Committee on Wednesday that some institutions have become so massive and influential that bringing criminal charges against them could imperil the financial system and the broader economy. His remarks come as a growing number of lawmakers have suggested that big banks are, effectively, "too big to jail," The Hill reported.

    Holder suggested that previous attempts to prosecute banks may have been stifled by their outsize influence, which prohibited his team from bringing “resolutions that I think would be more appropriate.”

    Senators Chuck Grassley (R-Iowa), Sherrod Brown (D-Ohio) and Elizabeth Warren (D-Mass.) have all been critical of either the Department of Justice or financial regulators for failing to bring criminal charges against major financial institutions in the wake of the 2008 collapse. Holder responded that “all of the bad behavior on Wall Street leading up to the crisis may not necessarily have been criminal and that his criminal team has been "as aggressive as they could be."

    The transcript of Holder’s testimony can be read here.

    Discuss this Story:

    Comment Policy: We encourage open discussion. Comments including racist statements, profanity, name calling or spam will be removed at our discretion. We use filters for spam protection. If your comment does not appear it is likely because it violates the policy.

    Another Senate Prediction Glows Red
    Job Requirements Are Mostly Fiction And You Should Ignore Them
    These Ancient Manuscripts Show China Dominated Vietnam In The 1800s, Too
    The Personal Liberty Exam: Back-To-School Edition
    ICREACH: The Government’s Searchable Database Of Private Communications
    House Republicans Move Forward On Obama Lawsuit, Hire Lawyer
    Lt. General Warns That Something Big Will Happen On 9-11-2014
    Government Confidence Survey Spikes To 7-Year Highs, Near Record Divergence From UMich Sentiment
    “Widespread Slowdown In Home Price Gains”: Case-Shiller Misses, Rises By Slowest Since 2012
    Ukraine’s Poroshenko “Optimistic” Over EU Deal, Putin Warns Of Consequences
    The Status Quo’s Model Of “How The World Works” Is Broken
    ISIS Terrorists Are NOT Muslims
    How Serious Is The California Drought?
    How The Strategic Stupidity Of Washington (And Its Allies) Created ISIS
    Ron Paul On Ferguson: The War Comes Home
    Foley Murder Video ‘May Have Been Staged’
    Spotting The Next Detroit – America’s Fasting-Shrinking Cities
    US Furious After Source Of “Mystery” Libya Bombing Raids Revealed
    Creepy Mission: Obama “Lays Groundwork For Air Strikes” In Syria Next
    The ISIS’ Top Line: $2 Million In Daily Revenue From “Oil Sales, Extortion, Taxes And Smuggling”
    Why The Bombing Of Tripoli Is A Game-changer For The Fight Against The Islamic State
    Behind The Huge Cyberattack Campaign In Latin America That No One Has Heard About
    When Your Base Becomes Your Enemy
    Obama: Playing The Game Badly
    Intelligence Gap: How A Chinese National Gained Access To Arizona’s Terror Center
    Recessions And The Big Shock Theory
    Afghanistan Isn’t Iraq
    Don’t Censor Islamic State, Spy On It
    BOJ To Keep Inflation View Even As It Cuts GDP Estimate
    Rising North American Plane Demand Boosts Leasing Market: BOC Aviation
    Read more from Economy & Politics...

    Liberty Investor Digest

    Get today's most important
    financial headlines all in
    one place by email!



    Sources


    close[X]

    Sign Up For Liberty Investor Digest™!

    Get Liberty Investor Digest FREE By Email!

    Input your name and email address in the fields below and get today's most important financial headlines sent straight to you inbox!

    Privacy PolicyYou can opt-out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.