This page has been archived and commenting is disabled.
Eric Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them
While it is widely assumed that the too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice system - based on simple empirical fact - when the Attorney General of the United States openly admits to the fact that he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them," since, "it will have a negative impact on the national economy, perhaps even the world economy," one has to stare open-mouthed at the state of our union. It appears, just as the proletariat assumed, that too-big-to-fail banks are indeed too-big-to-jail.
GRASSLEY: On the issue of bank prosecution, I'm concerned that we have a mentality of too-big-to-jail in the financial sector of spreading from fraud cases to terrorist financing and money laundering cases -- and I cite HSBC. So I think we're on a slippery slope.
HOLDER: The concern that you have raised is one that I, frankly, share. And I'm not talking about HSBC now. That (inaudible) be appropriate.
But 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. And I think that is a function of the fact that some of these institutions have become too large.
Again, I'm not talking about HSBC. This is just a -- a more general comment. I think it has an inhibiting influence -- impact on our ability to bring resolutions that I think would be more appropriate. And I think that is something that we -- you all need to -- need to consider. So the concern that you raised is actually one that I share.
»
- 30120 reads
- Printer-friendly version
- Send to friend
- advertisements -
TDTP. I get that the pope of rome had to resign because he wasn't sure, and the redhats sprung the infallibility clause of 1950 specifically delivered by the immaculate conceptor herself. no sense even bothering with marriage then, but then too difficult to prosecute is way better than get out of jail free cards.
Holder, you're such an amateur!
This is not a problem: Do your* job and use EXISTING LAWS on books!
*Prerequisite: "Grow a pair" you chinless wonder! Or ask the wife to loan you hers.
1. Have Obama invoke IEEA (http://www.treasury.gov/resource-center/sanctions/Documents/ieepa.pdf). This gives you political coverage and legal free-reign
2. Send CEO's & EVP's to Gitmo as Enemy Combatants. Seize personal assets.
3. Use IEAA to Nationalize TBTF banks and businesses.
4. Use Anti-trust and RICO laws to bust up & sell TBTF entities on open market.
5. Think about releasing Gitmo bunch (Dirty Dozen) at some point.
Get dual Nobel prizes in Economics + Peace in one fell swoop. Think about movie lead. Top that Krugman & Obama!
Need a consultant? My rates are totally unreasonable. And will remain un-reason-able, as long as you are.
"since, "it will have a negative impact on the national economy, perhaps even the world economy,"
Don't fall for that lame excuse. It's because he's been threatened if he prosecutes. Follow the money.
"Well, gentlemen, there is blood in the water. Let's go kill something."
Eric Holder is dumber than a Box-of-Rocks. Lazy Too.
Anyone see this? http://www.washingtonpost.com/politics/house-takes-first-step-to-avoid-g...
House votes to fund government through end of fiscal yearCan't say we didn't see this can kick coming, useless!
They just need to keep the ball rolling till the next Faux Flag, which will justify more spending. October surprise?
Absolutely infuriating.
The step and fetch is doing excatly what the Jews told him he could!
Beyond wrong. Every criminal prosecution in history has fucked up some innocent lives. They are pursued because the opposite - prosecuting no one - fucks up exponentially MORE lives. Holder's premise suggests that lawbreaking itself has no negative consequences that might be outweighed by ending that lawbreaking, which suggests he embodies a very potent brew of evil, stupid and terrified. I'm gonna guess the latter is the strongest of the three.
When holder is in leg irons and an orange jump suit, sitting next to Obama in leg irons and an orange jumpsuit on the prison bus, then justice will be done.
are you mother fucking kidding me?????????????????????????
they r to big to fucking prosecute????
so what does this mean, just let them continue to committ there criminal acts and get away with it, because by the sound of what you just said douchebag holder, your basically saying to them, you are too big, nothing we can do about it.
fuck u asshole
Yea, why don't you drone them you mother fucker? It's ok to kill Americans on American soil, but prosecute a banker, Satan forbid. Bizarro world from Superman makes more sense then this fucking country does.
The lot of them to the motherfucking gallows!!!!!!!!!!!!!!!!!!!!!!
And their sposews, children, dogs, cats, and all relations for 3 generations. Give their homes to the poor, and their autos and boats and planes to good will.
Fuck this fucking house nigger with the biggest fucking piece of jagged fucking metal closest to you. This piece of fucking dogshit fuckface should be swinging from a fucking tree alongside Corzine and the rest of the fucking criminal cartel. FUCK YOU HOLDER RIGHT IN YOUR FUCKING MOUTH YOU GUTLESS SPINELESS FUCKING SOULESS WORTHLESS PIECE OF HUMAN FUCKING TRASH FUCK!!!! FUCK YOU!!!!
No offense to any African Americans reading this. :/
How bout we start prosecutions with Holder and work our way up.
FUCK YOU HOLDER!
PS: you piece of shit.
well then just vaporize their asses with a drone then dummy
Talk is cheap.
King Philip IV of France knew the right words and did not hesitate to use them!
If you separated banking from speculating investment houses the job would be much easier. The problem comes when the TBTF's use government insured deposits to speculate with. If you go after any bank for doing this then their speculative positions turn south and the 'safe' deposits disappear into the paperwork. Let there be a Goldman that levers up 100-to1 positions-- just don't let them be a government guaranteed bank or have access to free money from the Fed!
I may be misinterpreting Holder's words, but I think he is saying that we need to go vigilante on the bankers' asses. Find a tall tree, get a rope....if that little fucking pussy won't do his job, then let us do it for him.
Eric Fucking Holder. Rat-fuck. Go ahead and drone me, scumbag.
Glass-Steagall
Eric Holder is so fucking incompetent- he couldn't find his ass with both hands in a well lit room.
What Eric meant to say is that the bankers are large enough to bribe us to keep them out of jail.
Holder should be prosecuting the inidividual banksters, including the management that set/approved the policies and shirked their fiduciary responsibility to not commit fraud and other criminal activities. They should not prosecute the "Bank" because that is the same as prosecuting the shareholders and the the corporation's D&O insurance company. If he put the individuals in jail, confiscated 100% of their wealth and returned it to the stockholders and victims, it is just a redistribution of wealth. I thought the current Administration was all about redistribution?!
But those bankers are the Administration's best friends. How would the Obamacans satisfy their need for campaign funds without them?
I guess that is why the Administration and Holder aid and abet the redistribution of as much wealth as possible to the banksters so the banksters can provide them with kickbacks to their campaign coffers. Is that what they refer to as "deferred prosecution"?
"Too large to prosecute"?
Yes, but there are only one or two at the top, and an indictment, even one for cryin' out loud, would sure change the whole mood of the banksters.
OK, so Gramm-Leach-Bliley was a bad idea, just as EVERYthing the banker puppet Woodrow Wilson did was a Bad Idea. (Wilson was a pumped up and otherwise useless tool of the banking empire.., and the biggest traitor to the USA). Obama is now the second biggest traitor to this nation. Obama does not give a damn because he wants to destroty the US and all of the people ... most of which are undeserving of being destroyed. Obama will most likely go down in history as one of history's biggest mass-murderers.... comparable to Hitler, Stalin and Mao... All men who are only significant because they murdered millions.
The creation of too big to fail, and too big to jail, banksters is actually only a tiny tip of the iceberg. What has actually happened is the almost total triumph of the psychotic notions about "national security" spreading from the murder systems into the money systems.
People refuse to face the fundamental facts, that human civilization is operated by the application of the methods and principles of organized crime, and it must be. Both empirically, as well as theoretically, it is impossible for the real world to be governed in any other ways than through the application of the methods of organized crime.
Governments evolved from the War Kings that were the best at organized murder, in the forms of militarism. That is what made states be states, since only those War Kings that were the best at deceits and destruction survived. Those well-established systems of organized crime were taken over by the best organized covert gangs of criminals, the international bankers.
The biggest banks are the Fraud Kings. (The King of Kings of Fraud is currently the BIS, the Bank of International Settlements, but that whole system is attempting to evolve into a more consolidated hegemony, based on triumphant financial frauds, backed by an emerging global government system, i.e., the international bankers are becoming transnational bankers.)
The public debates about these things are all based on BULLSHIT, and so, the public solutions proposed are all BULLSHIT. The reasons are that the vast majority of people do not understand, and do not want to understand, the fundamental fact that money is backed by murder, and must be. Therefore, "democracy" and "governments" are all necessarily BULLSHIT, because they pretend to operate through various old-fashioned religions, and other ideologies, which are based on deliberately ignoring that warfare is the oldest and best developed social science, whose successes were based on deceits. That the real social systems were built on those foundations are the reasons WHY the biggest banks ARE the biggest organized crime gangs, which have already taken control over governments, to legalize their crimes, such as legalizing counterfeiting "money" out of nothing, as debts.
Merely breaking up the too big banks would be a waste of time.
The foundations of the system are the problem, namely, the PRIVATIZED, LEGALIZED COUNTERFEITING OF THE MONEY SUPPLY!
That system was able to succeed by the covert privatization of the murder systems, whereby the methods of organized crime were employed to effectively take control of the political processes that were selecting the public governments, to end up being directed by puppets working for the banksters. Besides bribery and intimidation, the most important historical events were when politicians that could not be bribed or intimidated were discredited or destroyed through dirty tricks.
The deeper problem is that the vast majority of the people, the Zombie Sheeple, have already been brainwashed to bleat their morality, which is to parrot the biggest bullies' bullshit social stories, in the forms of the various old-fashioned religions, or other ideologies, which are based on false fundamental dichotomies, and which therefore advance impossible ideals, which always backfire badly, and therefore, make the opposite things happen in the real world.
The banksters have evolved to fill the niches in the human ecology and political economy as the top carnivores, who play the roles of the Vicious Wolf People, in relationship to the vast majority, who play the roles of the Zombie Sheeple. What we are seeing in articles like this above are that the runaway triumph of the banksters controlling the government is becoming so utterly blatantly that even the best professional liars that hold public office are being forced to somewhat admit those social facts.
However, we still are nowhere remotely close to better social science with respect to these social facts. The problem is that MONEY IS BACKED BY MURDER. It is IMPOSSIBLE for money to exist in any other way. (Gold or silver backed money, etc., simply displaces that to become the possession of gold or silver being backed by murder.)
What actually exists is a combined money/murder system, where those with the most control over the money got that way by being covertly the best at committing murders (such as the assassination of key politicians, when necessary.) THAT IS WHY we have too big to fail, and too big to jail, banks, which effectively control the government. The government is the public form of organized crime, which has been covertly taken over by the best organized covert criminals, the biggest gangsters, the banksters.
There are NO other genuine solutions than to continue to have to muddle through this madness, since the real world is made by dynamic equilibria of organized systems of lies, operating organized robberies. The deeper problems with respect to the current situation of the biggest banks enjoying effective impunity to violate the law are that they control the laws, because they have also been triumphant in brainwashing the vast majority of the Zombie Sheeple to misunderstand their reality in fundamentally false ways, and therefore, to continue to be led by controlled opposition, to head towards the goals of impossible ideals, which can NEVER be made to become real, and therefore, always backfire, and actually make the opposite things happen in the real world.
Of course, I am well aware of the social situation that, despite what I have stated above being the plainly obvious social facts, the vast majority of Zombie Sheeple do not want to understand those facts, because the small minority of Vicious Wolves have worked hard for many generations to make sure that the Zombie Sheeple do not want to understand.
It is the most interesting dilemma of our times that we have progress in science everywhere, even in the paradoxical manifestation of social sciences, because the oldest and best developed of social sciences was warfare, and the postmodernizing manifestation of that human history was what has created the current situation, where there are Fraud Kings, the biggest banks, have controlled the government to have legalized their crimes so much, for so long, that those Fraud Kings are now the new royalty, which are effectively above the law.
Of course, the Fraud Kings are not actually outside of the systems of natural law. They are still operating within the laws of nature, whereby they became the best at deceits, backed by destruction, so that they were enabled to legalize their lies, and have the entire society organized to back up those legalized lies with legalized violence. That runaway fascist plutocracy juggernaut is now so BIG and so OUT OF CONTROL, that it is becoming more obvious to more people than ever before ...
However, the only public responses, so far, are typically calls by various reactionary revolutionaries to go backwards, to various old-fashioned religious moralities, or other ideologies, which are based on utterly unscientific false fundamental dichotomies, and the related spectrum of impossible ideals. In fact, the only genuine solutions must operate within the realities that there are, and must be, some combined money/murder systems, operating debt controls and death controls, as a necessarily interrelated whole system, which combines our understanding of political economy within human ecology. Such genuine solutions are never more than some continuing evolution of dynamic equilibria of organized systems of lies, operating organized robberies. Better government, applied to the banks, should be that!
All Kings are not bad!
Substitute the word "bank" for "bucket shop" and rip out a few pages from a history book and jam it down their throats.
Start a grass roots effort for TERM LIMITS!
Doing nothing isn't working.
Oh I see Mr. Holder. So the Bush, Clinton, Bush, Obama Administrations can demolish Serbia, blow up Iraq, prepare to nuke Iran, plunder Libya, etc., etc., and this doesn't affect the world too much, but to go after a single bank CEO will throw the world in turmoil and catastrophe. I see Mr. Holder, but isn't there an historical and present connection between banking and financing wars, buying up politicians, and furthering political and economic empire for the benefit of an oligarchy? Gee, aren't banks themselves in the business of creating turmoil and catastrophe? Maybe what Holder means is that by going after any banking executive, we would be setting a trend, we would be threatening and perhaps, if justice were to pursue one of these bluesuits, it would upset the banks' ability to continue creating turmoil and catastrophe in the world (wars and killing and all such similar, reputable ways of making money) and that would be catastrophic to the current political regime's applecart, since they employ Mr. Holder, his Dept. of Injustice, and the branch of government underlings that oversees and Executes the bankers' will.
Double Post!
Triple post! You're doing great Mr iPhone!
http://iphone.france24.com/en/20130306-google-says-fbi-watching-web
Well at least they are watching YOU.
Too Big to Fail = Too Big to Jail , which paradoxically = Too Big to Save (eventually)
RICO, asshole! I have completed RICO briefs on my own; you don't have to be a rocket scientist to do this, the legal requirements to be met are all right there! It appears that A.G. Holder - what an appropriate name for a do nothing douchebag - needs help getting started. Eric, what you wanna do is look at RICO standards; Title 18 USC, Chapter 96. If a little fucking paralegal such as myself can write a legal brief on this particular question, the fucking U.S.A.G. should be able to do the same and more. If he cannot complete this legal task he needs to: Jump, fucker, jump!
Massa don't like it none when he read too much, neither.
Remember -- this man couldn't even do his own taxes correctly. Not only evil but less competent in everything he is SUPPOSED to do in his job than any 5th grader would be. Power corrupts and absolute power corrupts absolutely. We're witnessing the largest example of this in the history of mankind.
We are so fucked.
Ever notice how nervous those bankers are when they're all in the same place at the same time??
For a good reason! King Philip IV of France and Pope Clement V were irritated over loans the Templar banksters held against them. The King was a practical man who did not waste his time in endless negotiations. The mightiest banking Empire of the World became history during one bloody night at the beginning of the 14th century.
fuckin' lowlife gutless arsehole , this guy could walk under slug slime and not get wet.
holder is proof of the nazi state...his indonesian citizen boss is fully behind it - he hates amerika and will do anything to bankrupt the nation and defraud it of justice. indonesian citizen soetoro is a puppet of the rockefeller cabal who want the new world order so bad that no contempt of law or the constitution is beneath them
If any corporation is "too big to prosecute" then it should be too big to exist. Break them up. They did it to Ma Bell for much less. Incorporation is a government creation to limit liability under the law. That is moral hazard enough for me.
When the government is a co-conspirator what do you expect the poor guy to do?
The guillotines are on order. hujel
No Drones available ? Surely drones eliminate the due-process clauses, at least Holder seems to think oBama can waive them aside.......but golden boy bankers, he cannot take them on because AIPAC might not shower him with kisses ?
Here's the Holder video from C-span yesterday
http://tradewithdave.com/?p=15760
How silly is Holder... a bank is a corporate entity... Jamie Dimon is NOT TOO BIG TO JAIL.... nor the AIG / GS crew or BOA or CITI or any of the others... And while were at it how about Dodd and Frank and Clintoon who orchestrated the mtge crisis with their political vote buying and high salaries for boyfriends. btw where are the Solindra records the FBI took. the essence of it all is that Holder is the head crook covering up Fast and Furious, Solyndra and all the other money laudering kickback, protection schemes for big donors. I wish Issa would put the head crook.... Holder in prison where he can rot... We now have Al Capone on a national scale... and the head crook has the right to kill you without any due process and the average american vegetable is totally unaware of anything.. Was Breitbart victim #1?
How silly is Holder... a bank is a corporate entity... Jamie Dimon is NOT TOO BIG TO JAIL.... nor the AIG / GS crew or BOA or CITI or any of the others... And while were at it how about Dodd and Frank and Clintoon who orchestrated the mtge crisis with their political vote buying and high salaries for boyfriends. btw where are the Solindra records the FBI took. the essence of it all is that Holder is the head crook covering up Fast and Furious, Solyndra and all the other money laudering kickback, protection schemes for big donors. I wish Issa would put the head crook.... Holder in prison where he can rot... We now have Al Capone on a national scale... and the head crook has the right to kill you without any due process and the average american vegetable is totally unaware of anything.. Was Breitbart victim #1?
A totalitarian feudal dictator who now (said through a rep of his) has the "right" to kill any American on US soil with no due process of law - kill at any time for any reason. Thousands of TPTB (The Powers That Be) include many murderers who believe laws do not apply to them. As difficult as it should have been we have now surpassed what was Stalin's reign of terror, Mao Tse Tung, Hitler's Germany and so on. We are rapidly returning to 13th Feudalism where the King literally owned his subjects doing with them as he so wished. The only difference is the "laws" the new all powerful dictator and his many minions have not yet begun to use the absolute powers they granted themselves - all with almost no resistance by "the people".
98% of "the people" are infected with Freezephobia. An actual psychiatric condition. Go to YouTube for video explaining Freezephobia. All those who could be woken up AND are capable of resisting the coming first holocaust of the 21st century have been woken up. About 2% of the entire population. The 2% must be at least 20% to even have a chance of stopping the wanton carnage in our future. Holder ("Fast & Furious" that killed hundreds was primarily of his doing). He and thousands of others should be in jail for 1st degree murder but the Executive branch is supposed to enforce the laws - much like police arresting themselves - it will never happen. We have many thousands of people who can do as they wish obeying no laws and never worry about punishment.
This was discussed at length during the Continental Congress - "who polices the police" - "who stops the Executive branch from breaking just laws and not falling into absolute tyranny of a few over many?" No conclusion was reached. One of the few areas our founding fathers had no answer for. And which is about to destroy the America they established 235 years ago.
Didn't someone get fired for saying that, a few weeks ago?
Eric Holder of WeAreBitchez
There's this thing called "anti-trust legislation" that was created precisely for this kind of circumstance.. Is the Attorney General of the United States of America somehow unaware of this?