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HAS TOO BIG TO FAIL BECOME TOO BIG TO JAIL?

SENATOR ELIZABETH WARREN AND FEDERAL BANK REGULATORS

Senator Elizabeth Warren asks Federal Bank Regulators when was the last time they took one of the biggest financial institutions on Wall Street all the way to a trial.

After much fumbling and bureaucratic fluff, the answer was never.

 

ELIZABETH ON ILLEGAL FORECLOSURES

Are regulators watching out for the American Public or the Banks?

Elizabeth Warren asks regulators why they won't turn over case records to the victims of illegal home foreclosure.

Once again, there is no answer. The regulators admit to having evidence of illegal bank activity, but they will not turn over this evidence to the public.

 

ERIC HOLDER, ATTORNEY GENERAL OF THE UNITED STATES,
 STATES THAT HE THINKS THAT SOME BANKS MAY BE TOO BIG TO JAIL

Watch Video at Huffington Post

 

ERIC HOLDER'S TESTIMONY

"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. I think that is a function of the fact that some of these institutions have become too large."

Transcript (American Banker)