AG orders review of bankers' actions

WASHINGTON – Attorney General Eric Holder announced Tuesday he has
instructed federal prosecutors nationwide to review pending financial
fraud cases involving banks and determine whether criminal or civil
charges could be filed against individual officials involved.

The possibility of charges against bank executives — an expansion of
several cases the government brought against banks themselves — came as
Holder was asked during a National Press Club appearance if the
Department of Justice had done enough "to go after both large and small
banks."

Holder said he spoke with the prosecutors in a conference call this
month and told them to re-examine pending investigations assembled as
part of efforts by a federal task force investigating suspected fraud
involving residential mortgage-backed securities.

"I've asked the U.S. attorneys who have made those cases ... to report
back in 90 days with regard to whether or not they think they're going
to be able to successfully bring criminal or civil cases against those
individuals," Holder said.

The review is likely to be wide-ranging and include an examination of
actions by bankers whose institutions agreed to massive settlements with
the government.

Excerpted from USA Today.
http://tinyurl.com/p95vtwj

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Proud to be a Liberal.