First, financial institutions were too big to fail. Now, are they too big to prosecute?
Atty. Gen. Eric H. Holder Jr. said Wednesday that some banks had become so big that prosecuting them could endanger the wider economy.
In remarks before the Senate Judiciary Committee, Holder suggested that prior attempts at going after major banks and other financial institutions were hampered by their size, which has an "inhibiting influence on our ability to bring resolutions," reported the Hill, a newspaper covering Congress.
"I am concerned that the size of some of these institutions becomes so large that it does become difficult 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," he said. "I think that is a function of the fact that some of these institutions have become too large."