Black People Politics : Eric Holder Admits Some Banks Are Just Too Big To Prosecute

Discussion in 'Black People Politics' started by RAPTOR, Jan 1, 2014.

  1. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    When the Attorney General of the United States admits some banks are simply too big to prosecute, it might be time to admit we have a problem -- and that goes for both the financial and justice systems.

    Eric Holder made this rather startling confession in testimony before the Senate Judiciary Committee on Wednesday, The Hill reports. It could be a key moment in the debate over whether to do something about the size and complexity of our biggest banks, which have only gotten bigger and more systemically important since the financial crisis.

    "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 you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy," Holder said, according to The Hill. "And I think that is a function of the fact that some of these institutions have become too large."

    Holder's comments don't come as a total surprise. His underlings had already made similar confessions to The New York Times last year, after they declined to prosecute HSBC for flagrant, years-long violations of money-laundering laws, out of fear that doing so would hurt the global economy. Lanny Breuer, formerly in charge of doling out the Justice Department's wrist slaps to banks, told Frontline as much in the documentary "The Untouchables," which aired in January.
    Read more: http://www.huffingtonpost.com/2013/03/06/eric-holder-banks-too-big_n_2821741.html
     
  2. MS234

    MS234 Well-Known Member MEMBER

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    Lol. This is almost comical. How much longer are they going to continue this farce?

    The banking "system" runs the government, the government DOES NOT RUN THE BANK!

    The ONLY way ANYONE would ever be prosecuted is if the "banking elite" wanted to make an example of someone and they wanted it done out in front everyone.

    When are people going to realize your true ruler is not the so called president of the corporation of amerikkka, but the pseudo "federal" reserve bank, a bank which is run by england/rothschild/mayer?
     
  3. Monetary

    Monetary going above and beyond PREMIUM MEMBER

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    The first thing the President and Congress should do is to reinstate Glass-Steagal.
     
  4. Khasm13

    Khasm13 STAFF STAFF

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    what he's basically saying is that he doesn't want to catch a cap in his @ss...lmao

    one love
    khasm
     
  5. MS234

    MS234 Well-Known Member MEMBER

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    Basically. He saw what happened to JFK.
     
  6. MS234

    MS234 Well-Known Member MEMBER

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    How? That WILL NEVER HAPPEN. President and Congress BOTH have strict orders to FOLLOW!

    DON'T F*** WIT DA MO-NAY!
     
  7. Jahari Kavi

    Jahari Kavi Well-Known Member MEMBER

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    LMAO...basically...
     
  8. chuck

    chuck Well-Known Member MEMBER

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    In all due candor and honesty, all of this cynicism and fatalism is a downer, as opposed to us needing to reunite, for our own sakes...

    Obama reflects other folks illusions/leading to wrongheaded conclusions...

    Like others before him: His time in the Oval Office will end too...

    So where next for us?

    Holla holla....

    FYI
     
  9. chuck

    chuck Well-Known Member MEMBER

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    Please do elaborate further....

    Thanks!
     
  10. chuck

    chuck Well-Known Member MEMBER

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    What 'startling confession'?!?

    I also believe some pundits think they have all of the answers/we dont have a clue....

    Wrong!

    In both cases!!

    SMH
     
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