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Holder: Big Banks’ Clout “Has an Inhibiting Impact” on Prosecutions
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| Parent(s) |
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| Contributor | Ashley |
| Last Edited | Ashley Mar 06, 2013 09:08pm |
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| Category | General |
| Author | Sarah Childress |
| Media | TV News - Public Broadcasting System PBS News |
| News Date | Wednesday, March 6, 2013 07:15:00 PM UTC0:0 |
| Description | Attorney General Eric Holder said that the Justice Department had considered the economic fallout that could result from prosecuting major banks for their role in the financial crisis, in Senate testimony on Tuesday.
Holder’s comments underscored remarks his deputy, Lanny Breuer, gave in an interview for FRONTLINE’s film The Untouchables that raised concerns among some in government that the Justice Department hasn’t been sufficiently aggressive in prosecuting major banks for the fiscal crisis.
“I am concerned that the size of some of these institutions becomes so large that it does become difficult to prosecute them,” Holder told the Senate Judiciary Committee. “When we are hit with indications that if you do prosecute, if you do bring a criminal charge it will have a negative impact on the national economy, perhaps world economy, that is a function of the fact that some of these institutions have become too large. It has an inhibiting impact on our ability to bring resolutions that I think would be more appropriate. That is something that you all need to consider.” |
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