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Holder Gives 90 Day Ultimatum To Bring "Financial Crisis" Cases Against Bankers

Speaking in Washington this morning, US Attorney General Eric Holder made some rather disturbing (at least for financial market participants) statements, that made him appear to be 'cracking-down':

  • HOLDER SAYS HE HAS GIVEN U.S. ATTORNEYS 90-DAY DEADLINE TO BRING CASES AGAINST INDIVIDUALS FOR THEIR ROLE IN FINANCIAL CRISIS

Of course, the question is - does that mean after 90-days all bets are off (and everyone goes home free)?

 

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As Bloomberg reports,

Attorney General Eric Holder says he’s asked U.S. attorneys involved in residential mortgage-backed securities cases to report in 90 days on whether they can “develop cases against individuals,”

 

Holder, speaking at National Press Club in Washington, defends record on cases against those involved in 2008 crisis

 

There’s “relatively small universe” of firms vs. savings and loan crisis of 1980s and 1990s, he says

 

Lack of more cases “is not for lack of trying”

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Ironic on the day Turkey's President attempts to imprison its Central Banker for 2 Years for being too hawkish.