, Legal Times

Holder Says No Bank is ‘Too Big To Jail’


Attorney General Eric Holder Jr. on Monday defended his record on prosecuting large banks for corporate malfeasance, announcing a $2.5 billion deal with Credit Suisse and foreshadowing additional prosecutions.

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What's being said

  • Terri Callahan

    This charge does nothing to ameliorate the fact that the Obama administration has failed to prosecute banks (and very few individuals) for the types of behavior that led to the bailouts and the financial crisis.

  • Steven J Barr

    Banks do not go to jail, and neither do bank presidents, managers or employees. And bank officers and employees do not care if they pay a fine, it is just the cost of doing business as this quote proves: "Suisse Chief Executive Brady Dougan said in a statement, according to Reuters. Dougan said "we have seen no material impact on our business resulting from the heightened public attention on this issue in the past several weeks."

    Prosecute the Officers and employees IF you really want to stop fraud and sue every american who avoided taxes with the help of the bank. This is all just a wink and a nod between big government and big financial institutions.

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