While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is"concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail.
GRASSLEY: On the issue of bank prosecution, I'm concerned that we have a mentality of too-big-to-jail in the financial sector of spreading from fraud cases to terrorist financing and money laundering cases -- and I cite HSBC. So I think we're on a slippery slope.
HOLDER: The concern that you have raised is one that I, frankly, share. And I'm not talking about HSBC now. That (inaudible) be appropriate.
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This is just one more miscarriage of justice by this POS. And, Congress is just as guilty for allowing the mergers which created these monsters that are "above the law" and holding America hostage.
ReplyDeleteIt is indeed difficult when you do not have the intellectual capacity needed for the job.
ReplyDeleteHolder, like Obama bluffed his way through.
Huh??
ReplyDeleteIf you can't do your job, figure it out, quit your job.
ReplyDeleteDon't suppose he's compromised a little? Amazing how a few measly million can convince you that nothing can be done. Obozo's whole communist regime is corrupt beyond repair.
ReplyDelete