Speaking in Washington this morning, US Attorney General Eric Holder made some rather disturbing (at least for financial market participants) statements, that made him appear to be 'cracking-down':
- HOLDER SAYS HE HAS GIVEN U.S. ATTORNEYS 90-DAY DEADLINE TO BRING CASES AGAINST INDIVIDUALS FOR THEIR ROLE IN FINANCIAL CRISIS
Of course, the question is - does that mean after 90-days all bets are off (and everyone goes home free)?
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As Bloomberg reports,
Attorney General Eric Holder says he’s asked U.S. attorneys involved in residential mortgage-backed securities cases to report in 90 days on whether they can “develop cases against individuals,”
Holder, speaking at National Press Club in Washington, defends record on cases against those involved in 2008 crisis
There’s “relatively small universe” of firms vs. savings and loan crisis of 1980s and 1990s, he says
Lack of more cases “is not for lack of trying”
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