On March 6, in testimony before the Senate Judiciary Committee, Attorney General Eric Holder said "the fact that some of these institutions have become too large ... has an inhibiting impact on our ability to bring resolutions that I think would be more appropriate, essentially declaring the big banks too big to jail.
Recent cases such as the HSBC money laundering incident and the Goldman Sachs allegations were settled outside of the criminal justice system, thus allowing the perpetrators to escape justice.
Though there are valid criticisms of the process, I believe the Attorney General should convene grand juries to review financial crimes and determine whether the
Justice Department should pursue prosecutions.