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Senate panel with Joe Lieberman, Carl Levin and John McCain
Sen. Carl Levin
Seems like the Elizabeth Warren wing of the Senate might just be growing, and starting to really sink its teeth into "too big to fail or jail" banks.
Congressional Democrats say Attorney General Eric Holder has a long way to go before proving to them that the nations’ largest banks aren’t “too big to jail.”

Holder plugged this week’s guilty plea from Credit Suisse on a conspiracy to aid tax evasion charge as evidence that not even the world’s largest banks are above the law. […]

Sen. Carl Levin (D-Mich.), who lit into the Justice Department’s investigation into Credit Suisse at a February hearing, called the plea “proof that we will put a heck of a lot of pressure on you to make you accountable if you aid and abet tax evasion.”

But Levin added, “the Justice Department, I don’t think, can make the argument that banks or powerful people are too big to jail until they prove it.” […]

Perhaps now that the Justice Department has successfully gotten a guilty plea out of Credit Suisse, they'll feel emboldened to start going after others. It's maybe several years too late to hold the banks accountable for the economic disaster they wrought, but it's something.

Originally posted to Joan McCarter on Thu May 22, 2014 at 10:05 AM PDT.

Also republished by Daily Kos.

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