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September 30, 2014

Bank critics: Get tough with DOJ pick

“Critics of Wall Street are pushing President Obama to take a tougher stance against the financial sector when picking a replacement for Attorney General Eric Holder.

“Lawmakers and outside groups that have accused Holder of going easy on big banks are hoping for a fresh start now that the Justice Department is set to come under new leadership.

“It is our hope the president nominates someone who will begin to police Wall Street with real conviction and prosecute the individual executives who commit crimes with the full force of the law,” said the financial reform group Better Markets in a statement.

“Slapping the big banks with what appear to be ‘cost of doing business’ fines is not a sufficient deterrent and will not prevent another devastating crime wave at the hands of Wall Street bankers.”


Read the full The Hill article by Peter Schroeder here.

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