Justice Dept. Letting Bank Of America Squirm While CEO Asks For Mortgage-Related Settlement

Justice Dept. Letting Bank Of America Squirm While CEO Asks For Mortgage-Related Settlement

Bank of America has reportedly been working out a settlement deal with the Department of Justice over its mortgage-related misdeeds. Last week, the arrangement was for a rumored $12 billion at least. But the negotiations stalled out, and the two parties haven’t talked in a week or more. Apparently, the bank is blinking first, and trying to get the Attorney General back to the table. [More]

(Ryan Keene)

Too Big To Jail? Not So Much Says Attorney General Eric Holder

There’s no such thing as too big to jail. We’ve heard the saying a number of times since the 2008 financial crisis, but now Attorney General Eric Holder is attempting to put a stop to assumptions that financial institutions and their executives are too large to be indicted. [More]

(digitizedchaos)

Senators Call Out Attorney General For Treating Banks Like They Are “Too Big To Jail”

Like many Americans, Senators Charles Grassley (Iowa) and Sherrod Brown (Ohio) think federal investigators have given banks a mere slap on the wrists for their part in the economic collapse and other misdeeds. So in a letter to U.S. Attorney General Eric Holder, the pair wonder if banks are being viewed by the DOJ as “too big to jail.” [More]

College Football Bowl System Apparently Warrants DOJ's Attention

College Football Bowl System Apparently Warrants DOJ's Attention

Because antitrust investigators at the Justice Department made such quick work of their investigations into the United/Continental and NBC/Universal mergers, they apparently have plenty of free time to wonder why there are no playoffs in the Bowl Championship Series. [More]

Attorney General Forms Team To Look Into Oil Price Manipulation

Attorney General Forms Team To Look Into Oil Price Manipulation

Someone at the Attorney General’s office must have finally looked at how high gasoline prices are right now and thought, “Maybe there’s something more than meets the eye here,” because President Obama announced earlier today that the AG is gathering his forces to see what, if any, behind-the-scenes shenanigans are going on to keep prices so high. [More]