Holder starts 90-day clock on potential prosecution of bankers
US Attorney General Eric Holder says that the Justice Department will decide within the next 90 days whether to charge individual Wall Street Executives with crimes related to the 2008 financial crisis. Holder asked prosecutors who have been investigating the big banks to recommend whether to bring charges or close the probes.
This revelation was made during a speech to the National Press Club Tuesday, February 17. Many have harshly criticized the attorney general for failing to prosecute the people who nearly sent the global financial system into collapse in 2008. Holder is leaving after six years as AG, to be replaced by Loretta Lynch, the U.S. attorney for Brooklyn.
Read about some of the fabulously wealthy ex-bankers who would be targeted: