Elizabeth Warren Takes On Eric Holder's 'Too Big To Jail' Statement

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Elizabeth Warren Takes On Eric Holder’s ‘Too Big To Jail’ Statement

Elizabeth Warren Takes On Eric Holder’s ‘Too Big To Jail’ Statement

Like Salon asks Does Eric Holder know the law?


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Sen. Elizabeth Warren (D-Mass.) took on Attorney General Eric Holder’s admission that some banks are too big for the Justice Department to prosecute, asserting that Holder’s statement illustrates why the financial institutions should be held accountable.

“It has been almost five years since the financial crisis, but the big banks are still too big fail,” Warren said in a Wednesday statement. “That means they are subsidized by about $83 billion a year by American taxpayers and are still not being held fully accountable for breaking the law. Attorney General Holder’s testimony that the biggest banks are too-big-to-jail shows once again that it is past time to end too-big-to-fail.”

Earlier Wednesday, Holder testified before the Senate Judiciary Committee during a hearing on Justice Department oversight. During the hearing, Sen. Chuck Grassley (R-Iowa) asked Holder about the “slippery slope” of the “too big to jail” mentality in cases of bank prosecution.

[HUFFINGTONPOST]

image: Photographer Joshua Roberts/Bloomberg

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