Tags: holder | banks | remarks

Holder's 'Too Big To Jail' Remarks Net 300K Signatures Against

Monday, 01 Apr 2013 11:32 PM

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
More than 300,000 people have signed online petitions asking President Obama to “end the administration’s ‘too big to fail/jail’ policy,” or for U.S. Attorney General Eric Holder to step down if he refuses to prosecute big banks.

Activists from liberal organizations MoveOn, CREDO Action, and others plan to deliver the petitions to Department of Justice offices throughout the country on Tuesday, reports Huffington Post.

At a Senate hearing in March Holder said that he’s concerned that the size of some financial institutions makes it hard to prosecute them. And he said part of the problem is the concern that because the institutions are so big, criminal charges could have ‘‘a negative impact on the national economy.’’

Brian Kettenring, coordinator of the campaign for a Fair Settlement, who created one of the petitions, told the Mississippi Business Journal that activists are seeking accountability from the Obama administration.

“More than a quarter million Americans have come together to declare that no one should be above the law — and especially not the Wall Street bankers who crashed the economy,” Kettenring said. “Activists across the country are demanding accountability from the nation’s largest financial institutions that were bailed out using trillions of taxpayer dollars.”

Kettenring said activists simply want “for the millions of homeowners harmed by the big banks’ criminal activities, and on Attorney General Holder to either do his job or step down.”

The MoveOn petition, which is hosted on SignOn.org calls on President Obama to end the administration’s “too big to fail/jail’ policy by taking immediate steps to break up the big banks and prosecute the criminals who used them to destroy our economy.”

A separate petition created by CREDO Action calls on Holder to resign if he won’t prosecute big banks. “Treating powerful individuals and institutions as ‘too big to jail’ is fundamentally wrong. It’s your job to prosecute criminals,” the petition states.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Military Pilot Was Killed in Virginia F-15 Crash

Thursday, 28 Aug 2014 21:54 PM

The pilot of an F-15 jet that crashed this week in remote Virginia mountains was killed, military officials said Thursda . . .

Pennsylvania Becomes 27th State to Expand Medicaid

Thursday, 28 Aug 2014 21:34 PM

A half-million more low-income Pennsylvanians are in line to get federally funded health insurance after the U.S. Depart . . .

Joan Rivers in Medically Induced Coma After Cardiac Arrest: Report

Thursday, 28 Aug 2014 19:45 PM

Comic Joan Rivers was hospitalized in critical condition Thursday morning after she reportedly went into cardiac arrest  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved