Hold Banks Accountable!

Some “officers of the court”—prosecutors and judges—are pushing back against the Obama administration’s go-easy passivity toward bankers accused of gross financial fraud. The feds, instead of investigating and prosecuting, are urging the fifty state attorneys general to settle for a sweetheart deal with the biggest banks. The bankers would put up cash—maybe $25 billion—and the state prosecutors would promise not to send any of them to jail

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