Wednesday, July 17, 2013

Jeff Cox — No one is too big to jail, Wall Street cop says

No company or individual is too big for prosecution and anyone who thinks they are is making a grave mistake, U.S. Attorney Preet Bharara said.
CNBC — Discovering Alpha
No one is too big to jail, Wall Street cop says
Jeff Cox | Senior Writer

3 comments:

mike norman said...

Hollow words.

Unknown said...

Well, at some point I expect The System to sacrifice a few of its human components - hopefully in vain.

Bullish_Bear said...

Looks like his boss doesn't feel the same way.

http://dealbook.nytimes.com/2013/03/11/big-banks-go-wrong-but-pay-a-little-price/

“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 we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy,” Mr. Holder told the Senate Judiciary Committee. “I think that is a function of the fact that some of these institutions have become too large.”