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Too Big to Jail

Big Press on Bank of America Treatment of Whistleblower Michael Winston -- But, You'll Have to Read German!

Jerry Ashton | Posted 07.08.2014 | Business
Jerry Ashton

Germany's respected Handelsblatt, that country's parallel to the Wall Street Journal, recently devoted an entire section and a featured interview to the deliberate and ongoing crushing of American Michael Winston's finances and spirit by one of our country's largest banks.

Mark Gongloff

Big Bank Hit With Criminal Charges

HuffingtonPost.com | Mark Gongloff | Posted 05.23.2014 | Business

The U.S. government has finally backed up its boast that no bank is too big to jail, if by "jail" you mean "vigorously slap on the wrist." The Just...

'There Is No Such Thing As Too Big To Jail'

Reuters | Posted 07.05.2014 | Business

(Adds background) By Aruna Viswanatha WASHINGTON, May 5 (Reuters) - The U.S. Justice Department is pursuing criminal in...

Mark Gongloff

There's One Thing Missing From The Plan To Prosecute Big Banks

HuffingtonPost.com | Mark Gongloff | Posted 04.30.2014 | Business

About five years too late, federal prosecutors are talking tough about cracking down on crimes by big banks. But their boasting so far leaves out one ...

Taibbi: U.S. Should Be Ashamed It Treats Pot Smokers Worse Than Wall St. Criminals

The Huffington Post | Alexander C. Kaufman | Posted 04.08.2014 | Business

A Wall Street bank accused of laundering money for drug cartels only had to pay a fine. Meanwhile, a man caught with a joint in his pocket had to spen...

Too Often, American Justice Is Injustice

Michael Shammas | Posted 04.14.2014 | College
Michael Shammas

Our state of affairs goes against a pinnacle of American justice, equality before law, facilitating everything from war crimes, to torture, to domestic spying, to a predatory, ravenous Wall Street that feeds on the middle class with impunity.

Holder: No Banks Are Too Big To Jail

Reuters | Posted 01.24.2014 | Business

WASHINGTON (Reuters) - No American financial institution is too large to indict and no bank executive immune from criminal prosecution, Attorney Gener...

Top Bankers Evaded Financial Crisis Justice -- and Will Never Be Prosecuted for Their Crimes

Frank Vogl | Posted 03.16.2014 | Crime
Frank Vogl

A leading New York judge now provides disturbing answers and underscores that none of the key bankers who caused the crisis will ever be criminally prosecuted.

Shahien Nasiripour

New York Fed Chief Levels Explosive Charge Against Big Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 11.08.2013 | Business

The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the ...

Five Years Later: Wall Street Is Still At It

Ralph Nader | Posted 11.20.2013 | Business
Ralph Nader

President Obama is clearly aware of the risk associated with Wall Street misbehavior, but he has failed to champion significant reforms. Here are several suggestions that the president should consider.

Proof That Wall St. Is NOT Too Big To Jail

The New Republic | Posted 10.06.2013 | Business

Last week, a jury in New York City convicted former Goldman Sachs trader Fabrice Tourre on six civil counts of securities fraud, for selling a toxic m...

Mark Gongloff

SAC Capital Indictment Does Not Mean The End Of 'Too Big To Jail'

HuffingtonPost.com | Mark Gongloff | Posted 07.25.2013 | Business

The feds finally seem to have gotten over their fear of bringing criminal charges against a financial company -- but that doesn't mean they have lost ...

Jillian Berman

Decade-Old Holder Memo Helped Pave The Way For 'Too Big To Jail'

HuffingtonPost.com | Jillian Berman | Posted 06.04.2013 | Business

In a 1999 memo entitled “Bringing Criminal Charges Against Corporations,” written when he was deputy U.S. attorney general, Eric Holder argued tha...

Shahien Nasiripour

Too-Big-To-Jail Dogs Obama's Justice Department

HuffingtonPost.com | Shahien Nasiripour | Posted 05.23.2013 | Politics

The U.S. Department of Justice appears to have neither conducted nor received any analyses that would show whether criminal charges against large fina...

Will Wrigley

Arrests In Occupy Protest Against 'Too Big To Jail' Banks

HuffingtonPost.com | Will Wrigley | Posted 05.21.2013 | Politics

WASHINGTON -- Owners of foreclosed homes were arrested Monday during a protest outside Justice Department headquarters, where they demonstrated agains...

Is It Time for Holder to Go?

Chris Weigant | Posted 07.15.2013 | Politics
Chris Weigant

One of my biggest disappointments with President Obama's transition to his second term was the announcement that Holder would be staying on, instead of turning the Justice Department over to someone else. I don't personally dislike Holder (I've never met the man), but I do strongly question his priorities during his time as the nation's Attorney General.

Mark Gongloff

Eric Holder: Actually, I Meant To Say No Banks Are Too Big To Jail

HuffingtonPost.com | Mark Gongloff | Posted 05.15.2013 | Business

Attorney General Eric Holder wants to clear up something he said months ago: We only thought he said that some U.S. banks are too big to jail. What he...

The Central Economic Fights of Our Time, Part 1

Mike Lux | Posted 06.29.2013 | Politics
Mike Lux

Taking on the big banks is not just another issue. These TBTF banks have the capacity to crash our economy any time they get greedy and make a bad decision, and they suck trillions of dollars out of productive investment in Main Street businesses.

The Regulatory Nullification and the Cruelty of Big Business

Ralph Nader | Posted 06.05.2013 | Business
Ralph Nader

Despite negative public sentiment and the rise of the Occupy movement, the avarice on Wall Street arrogantly continues on. The big banks are now even bigger and more powerful than they were in 2008 when they were bailed out by the U.S. taxpayers.

Obama Administration Faces Pressure On 'Too Big To Jail' Banks

The Huffington Post | Nick Wing | Posted 04.01.2013 | Politics

Activists will deliver petitions to Department of Justice offices around the country on Tuesday, calling on President Barack Obama to crack down on bi...

The Greatest Disappointment

Mike Lux | Posted 06.01.2013 | Politics
Mike Lux

There is a new report out once again reminding us of the greatest disappointment progressives have in the Obama administration: the lack of toughness in regards to Wall Street. Until the Obama administration fixes this problem, the rest of the economy is going to keep suffering.

Too Big to Jail Bank: I'm Sorry. Now Can I Go Back Out and Play?

Bartlett Naylor | Posted 05.29.2013 | Business
Bartlett Naylor

The Standard Chartered agreement with the Department of Justice actually anticipates dismissals of its crime. It states that if Standard Chartered denies its crimes, it must issue a new statement within five days after the government orders it.

Senator Targets 'Too Big To Jail' Banks

The Huffington Post | Chelsea Kiene | Posted 03.28.2013 | Politics

Sen. Bernie Sanders (I-Vt.) is preparing to introduce legislation that would break up the notorious “too big to fail” banks, The Hill reported Wed...

Too Big to Jail?

Sen. Bernie Sanders | Posted 05.28.2013 | Politics
Sen. Bernie Sanders

No single financial institution should be so large that its failure would cause catastrophic risk to millions of American jobs or to our nation's economic wellbeing. And no institution in America should be above the law.

The Beginning of the End of Too-Big-to-Fail

Robert Weissman | Posted 05.28.2013 | Politics
Robert Weissman

A funny thing, wonderful in its own small way, happened last week. The Senate voted 99-0 in favor of an amendment to end subsidies to too-big-to-fail financial institutions. This vote is a harbinger of things to come -- if the public keeps ratcheting up pressure.