Holder not finished with financial crisis probes
Aug. 23, 2013 – Attorney General Eric Holder told the Wall Street Journal on Tuesday that he has not abandoned the probes of the financial institutions involved in the 2008 financial meltdown, and plans to announce new cases within a few months.
Holder told the Journal, “My message is, anybody who’s inflicted damage on our financial markets should not be of the belief that they are out of the woods because of the passage of time.”
Critics of Holder and the Obama administration – many within the Democratic party – have warned that they were waiting too long to bring charges against executives and firms involved in the crisis. A Columbia University law professor told the paper that the five-year statute of limitations on certain white collar crimes might limit the number of pre-crisis abuses that can be prosecuted in the future.
Holder told the Journal that “a number of cases are coming to a head now” – but emphasized that delay is due to the complexity of the cases, and not a lack of willingness to prosecute.
Wall Street Journal article