Per Elizabeth Warren's letter, We the American People call for The Obama Administration to Take the Banks to Court, Already!
In recent years, major US financial institutions have been caught cheating, lying and stealing. Crimes include: cooking their books, committing fraud, financing terrorists, and laundering money, and many walked away with little more than a wrist-slap.
Last year, for example, the Justice Department declined to prosecute HSBC for years of money-laundering violations, levying a fine instead. In March, Attorney General Eric Holder, speaking before the Senate Judiciary Committee, conceded that the size of the banks, at least in the view of the administration, warrants some degree of impunity—that some banks are "too big to jail."