Monday, February 10, 2014

Robert Kuttner: Eric Holder Accepts Big Bankers As Criminals

Statist Robert Kuttner actually has some interesting things to say in his new column at the Huffington Post:
Corporations have paid tens of billions in fines to settle criminal and civil complaints. Madoff's bankers at JPMorgan, paid $2 billion to settle charges that they had knowingly turned a blind eye to his frauds. But no senior banker has even been criminally prosecuted. (Corporations may be legal "persons" according to the Supreme Court, but they are still directed by human persons.)

Why no criminal prosecutions of humans? In a moment of candor, Attorney General Eric Holder explained that these banks are just too big to jail.
Eat your heart out Dinesh D'Souza.