Elizabeth Warren (D-MA) and the Senate Banking Committee are making a lot of noise about
big banks never being prosecuted, but yet Eric Holder has not been moved to action. What does it take to wake them up? My own thought is that the inquiry should go to President Obama and he should justify his administrations acceptance of criminal money laundering for drug lords and other criminals.
Holder told the Senate Judiciary Committee he was
concerned that the size of some banks had made prosecuting them
difficult because their downfall could damage the financial system and
economy.
Sen. Jeff Merkley (D-OR) contended that this claim
suggested that "we have a prosecution-free zone for large banks in
America." "Does this create a fundamental concern about a fair system of justice across America?" he asked.
"Yes," responded Federal Reserve Governor Jerome Powell.
Sen. Joe Manchin (D-WV) suggested the matter would not end at the
close of the hearing, requesting the DOJ officials be summoned before
the committee to explain their rationale for not pursuing criminal
charges. Warner said he would take up the matter with the committee's
chairman, Sen. Tim Johnson (D-S.D.), who attended another hearing.
My thoughts? So when does someone go to jail folks (Obama and Holder)? I'm hearing lots of noise, but no action.
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