4 ms·

The former attorney general Eric Holder basically admitted that some banks are too big to face any criminal charges they might deserve. So expect the crimes to

• talmand 9y ago
  I've always felt the "too big to fail" is an excuse that covers for something else.
  • ashark 9y ago
    IIRC 3-4 years after the financial crisis NPR ran a story the premise of which was basically "WTF is up with major white collar crime seemingly never being punished?" and they claimed the FBI's division devoted to financial crimes had been gutted to devote more resources to fighting terrorism after 2001, and that those resources had simply never been restored, leaving them only able to pursue a couple major cases at a time. Since these sorts of investigations/cases are against people and organizations with money and the laws in question are often nuanced and complex, the cases drag on for months to years. IOW as long as a dozen plus major violations are occurring every year they'll only be able to pursue a few percent of them, and only some smaller percentage will end in more than a slap on the wrist (because, again, these people have money). If that's true then ROI on corporate law-breaking is great right now, as long as you're not one of the one or two most egregious cases any given year.
• maxxxxx 9y ago
  That's just nuts. He pretty much officially declared that some institutions are beyond the rule of law. That's simply not acceptable.