No bank too big to indict -- Holder

by Ryan Smith27 Jan 2014
There are no banks too big to indict, and no bank executives are above prosecution, the U.S. attorney general insisted in a recent interview.

In an interview with MSNBC, Attorney General Eric Holder discussed the government’s landmark settlement with JPMorgan Chase, in which the lender agreed to pay $13bn to settle investigations into its sale of mortgage-backed securities.

“There are no institutions that are too big to indict," Holder told MSNBC. “There are no individuals who are in such high level positions that they cannot be indicted, criminally investigated.”

Holder told MSNBC that the Justice Department was investigating “significant financial institutions,” but didn’t name the institutions under scrutiny.

“And the focus of those investigations is not only on the institutions but on individuals as well, he said.
Holder said in December that the Justice Department would be pursuing further litigation against big banks in 2014. He said at the time that any future lawsuits would likely follow the template set in the JPMorgan settlement.


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