Thursday, February 19, 2015

Eric Holder Gives Prosecutors 90 Days to File Wall Street Collapse Charges

Attorney General Eric Holder has given the Justice Department an opportunity to rewrite his legacy as the lead federal prosecutor who refused to take on some of the most notoriously larcenous bankers in history.

Holder said Tuesday that he has given his underlings three months to determine whether they can secure indictments against bankers who are widely believed to have committed fraud while issuing, packaging, marketing and selling the residential mortgage backed securities (RMBS) that caused last decade's multi-trillion dollar global financial meltdown.

"I don't know if I'm making news now or not, but I asked the US Attorneys who made those cases and who are still involved in these RMBS cases over the next ninety days to look at their cases and to try and develop cases against individuals, and to report back in 90 days with regard to whether or not they think they will be able to successfully bring criminal or civil cases against those individuals," he said in Washington, at a National Press Club event.


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