Too Big to Jail? Not These Bankers
 

Attorney General Eric Holder ruffled feathers in March when he indicated during Capitol Hill testimony that some financial institutions are "too big to jail." Holder later tried to backtrack amid a fierce public outcry. The controversy comes on the heels of claims by some critics that the DOJ and Obama administration have given the politically well-connected banking industry an undeserved free pass in the wake of the financial crisis. As the following examples illustrate, however, the government has acted aggressively in some cases to bring senior bankers to justice-senior bankers at small institutions, that is. (Image: Bloomberg News)

Comments (2)
SIGTARP and the FDIC did most of the heavy lifting on these cases. The Attorney General and other federal financial regulatory agencies have yet to apply the same enforcement zeal that was used against the officers of these small- and medium-size banks to their counterparts at the Too Big To Behave banks that caused the US financial crisis. As a result, these institutions consider themselves Too Big To Prosecute and continue to flout regulations, domestically and internationally.
Posted by jim_wells | Monday, June 24 2013 at 3:22PM ET
This article makes the point that ICBA has been making since the beginning of the crisis. If you are from a "too small to save" community bank that got into deep trouble or failed, you better watch out, because DOJ and the regulators are going to pursue you in the courts. If you are a director or senior executive of a too big to fail bank, enjoy your bonus and Hamptons address.
Posted by commobanker | Monday, June 24 2013 at 4:10PM ET
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