too big to jail
We don't know what misdeeds regulators will uncover at other megabanks in the months and years ahead, but the 2008 financial
With DOJ's continued failure to bring criminal charges against any executives involved in the financial crisis, many are questioning whether it is just business as usual in Washington and the C-suite.
"There are two legal systems: One for the rich and powerful, and one for everyone else."
While there have been critics of those developments on both sides of the aisle, some good proposals for legislation, concerns raised by judges, and saber-rattling statements from the Department of Justice, what we have not seen is a plan for action that fundamentally rethinks how financial offenses are handled. The Clinton plan would do, among its recommendations, four key things to tackle too big to jail.
But she stops well short of Bernie Sanders' call to break up the banks.
He thinks it's time to start locking up the real criminals.
Obama administration proposal would aid big banks that have pleaded guilty to felony antitrust charges.
So much for that tough talk about holding Wall Street accountable for its crimes.
And sweet fancy Moses, did they ever lay the wood to those folks they convicted! Per the AP: "Over objections from the defendants
In her confirmation hearing this week to become the next U.S. attorney general, Loretta Lynch said that "no individual is too big to jail" and "no one is above the law." But, at least in one recent case in which Lynch was a key player, this may not be accurate.