Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them

Hey, what’s that again?

Too big to jail?

While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system – based on simple empirical fact – when the Attorney General of the United States openly admits to the fact that he is “concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them,” since, “it will have a negative impact on the national economy, perhaps even the world economy,” one has to stare open-mouthed at the state of our union.

It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail.

Here is the transcript:

GRASSLEY: On the issue of bank prosecution, I’m concerned that we have a mentality of too-big-to-jail in the financial sector of spreading from fraud cases to terrorist financing and money laundering cases — and I cite HSBC. So I think we’re on a slippery slope.

HOLDER: The concern that you have raised is one that I, frankly, share. And I’m not talking about HSBC now. That (inaudible) be appropriate.

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

Again, I’m not talking about HSBC. This is just a — a more general comment. I think it has an inhibiting influence — impact on our ability to bring resolutions that I think would be more appropriate. And I think that is something that we — you all need to — need to consider. So the concern that you raised is actually one that I share.

Well there you have it, straight from the horse’s mouth.

If Angela Corey threatened suit against Dershowitz and Harvard, she needs to step down from Zimmerman case

If this is true, then Zimmerman prosecutor Angela Corey needs to step off the case.

Alan Dershowitz has been a harsh critic of Zimmerman prosecutor Angela Corey.  Among his criticisms is that Corey has been too politicized in charging Second Degree Murder.

Florida has adopted American Bar Association Standards of Criminal Justice Relating to Prosecution Function.  ABA Standard 3-1.3 Conflicts of Interest provides in pertinent part:

(f) A prosecutor should not permit his or her professional judgment or obligations to be affected by his or her own political, financial, business, property, or personal interests.

Corey should step down.  Now.