Is Attorney General Eric Holder all talk and no action? For the second time this year Holder has made it clear that the Justice Department does not believe that any corporation or executive is too big to jail. But an abundance of fines and a lack of actual prosecutions is enough to make one wonder if the declarations are just for show.
On Monday, Holder continued his message that no company is too large or important to indict in a video message on the Justice Department’s website.
“There is no such thing as too big to jail,” Holder says. “Some have used that phrase to describe a theory that certain financial institutions, even if they engage in criminal misconduct, should be immune to prosecution due their sheer size and influence on the economy. That view is mistaken and it’s a view that has been rejected by the Department of Justice.”