The size of the largest financial institutions has made it difficult for the U.S. Justice Department to bring criminal charges when there’s wrongdoing, Attorney General Eric Holder said.The reasonable response would seem to be -- I somehow thing somebody who wants to make a crapload of money will be there to pick up the pieces.
Criminal charges against a bank -- something that could threaten its existence -- may also endanger the national or global economies in the case of the largest ones, because of their size and interconnectedness. That has “made it difficult for us to prosecute” some of those institutions, Holder said today at a Senate Judiciary Committee hearing.'
Or there's this obvious solution hat one can talk about:
While Holder didn’t single out any specific institutions, he said bank size was something Congress would “need to consider.”
That's a great idea. I'm glad Holder took time out from arguing the President can kill anyone anywhere to says it.
However, you know that the biggest lobby of them all and about 80 Senators and 360 Congresspeople they pay off will never allow this to happen for the foreseeable future without a concerted groundswell of voters with an interest in the issue.
So, welcome to the United States of Bank America.
[cross-posted at Firedoglake]