The sheriff of Wall Street has its back

8921mf The sheriff of Wall Street has its back

8921mf The sheriff of Wall Street has its back

Late last week, frank comments by Attorney General Eric Holder about the concept of Too Big to Prosecute stirred up a few headlines. Discussing prosecutions of large financial institutions, Holder told a Senate panel:”I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy.”While significant, such comments merely reiterated the same point that Holder’s own deputy, Lanny Breuer, made to PBS Frontline. Less noticed, but arguably even more important, were yesterday’s two stunning admissions by SEC nominee Mary Jo White (first flagged by Pam Martens), and the utter lack of reaction to them by U.S. senators.Continue Reading…

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The sheriff of Wall Street has its back

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