Tags: holder | msnbc | interview

Holder: No Company is 'Too Big to Indict'

Image: Holder: No Company is 'Too Big to Indict'

Friday, 24 Jan 2014 11:22 AM

By Lisa Barron

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Attorney General Eric Holder rejects criticism that the Justice Department considers Wall Street companies too big and powerful to be dealt with in a criminal context.

"Let me make this very clear. There are no institutions that are too big to indict. There are no individuals who are in such high level positions, that they cannot be indicted, criminally investigated," he said in an interview with MSNBC Thursday.

"And we have brought charges against thousands of people over the course of these last four and a half, almost five years."

Holder pointed to his department's $13 billion settlement with J.P. Morgan Chase as an example of strong and ongoing oversight of the nations corporations and financial institutions.

"We have brought significant cases against some of the largest financial institutions in the country, the last of which was . . . the J.P. Morgan case," he said, noting that a criminal investigation against the company "is ongoing and could result in charges against either the institution or individuals."

Holder also suggested that cases cannot be easily judged from the outside.

"People say these things without having the ability to look at the files that we have,” he explained. "We have certain responsibilities to only bring those cases that we think we have an ability to prove beyond a reasonable doubt."

He added that people should be aware that it takes time to get results.

"I think people need to just be a little patient. I know it’s been a while, but we have other things that are in the pipeline," Holder revealed.

"We have ongoing investigations that I’m really not at liberty to talk about, but involve significant financial institutions, and the focus of those investigations is not only on the institutions but on individuals as well."

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