by Leo Gerard | Mar 12, 2013 | Too Big To Jail
The U.S. Attorney last week confirmed Americans’ fears about Wall Street. The banks, Eric Holder said, were not just too big to fail, they were also too big to jail. That means bankers operate beyond the pale, outside the historical fence line encircling civil...
by Robert Borosage | Mar 11, 2013 | Too Big To Jail
On Tuesday, March 12, the Senate Banking Committee will begin review of the nomination of Mary Jo White to be chair of the Securities and Exchange Committee. The Committee should probe deeply on whether she will be a watchdog or a lap dog for Wall Street. One clear...
by Robert Borosage | Mar 7, 2013 | Too Big To Jail
For years, the Obama Administration has been pummeled for failing to bring criminal charges against a single major Wall Street bank or a single leading Wall Street banker for what the FBI termed an “epidemic of fraud” that blew up the entire economy. Investigations...
by Robert Borosage | Dec 14, 2012 | Blog, Financial Reform, Too Big To Jail
Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department's apparent policy of giving big bankers a "get out of jail free" card. As he notes British bank HSBC admitted to serial...
by Richard Eskow | Dec 13, 2012 | Blog, Too Big To Jail
Last night Hurricane Sandy's victims got a lot of much-needed help, and everybody got a great concert. I mean, come on, people: McCartney sounds as great singing Helter-Skelter today as he did in 1968 - and he's seventy years old. (That's not an argument for raising...
by Richard Eskow | Aug 24, 2012 | Blog, Too Big To Jail
Every day we rise and tell ourselves this will be a good day, free of that unique combination of predation, self-pity, mediocrity and disingenousness which characterizes the modern bank executive. And every day somebody proves us wrong. Today it's William B. "Bill"...
