Many people have been demanding that the state prosecute corrupt bankers. The prospects of that happening are almost zero if Eric Holder has anything to say about it:
Eric Holder made this rather startling confession in testimony before the Senate Judiciary Committee on Wednesday, The Hill reports. It could be a key moment in the debate over whether to do something about the size and complexity of our biggest banks, which have only gotten bigger and more systemically important since the financial crisis.
“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 you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy,” Holder said, according to The Hill. “And I think that is a function of the fact that some of these institutions have become too large.”
This statement can really be taken two ways. Either the state is so powerless and ineffective that they are unable to enforce the law or the banks and the state are on the same team. I’m going with the latter but many people seem to believe the former. One thing is certain, those who were fucked by the banks aren’t going to get justice.