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January 27, 2014

Holder says no bank 'too big to indict,' more financial cases coming

“WASHINGTON — Atty. Gen. Eric H. Holder Jr., warning that no bank is “too big to indict,” said the Justice Department will be bringing more cases involving “significant financial institutions” as it continues to investigate Wall Street misconduct.

“I think people just need to be a little patient,” Holder said Friday in a television interview. “I know it’s been a while. But we have other things that are in the pipeline.”

“The Justice Department has been criticized for not filing more cases against Wall Street firms and executives for activities leading up to the subprime housing market crash and the financial crisis.”

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“Critics still don’t think he’ll do much.

“Dennis Kelleher, president of public interest group Better Markets Inc., doubted that the Justice Department would get tougher on Wall Street after what he called “five years of inexcusable failure” to bring any criminal cases against large banks or top financial industry executives.”

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Read full LA Times article here

 

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