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The argument also ran as follows: "If you prosecute gangsters for killing one another, they may stop killing one another; this would interfere with nature's method of keeping down their numbers and they might grow to such a multitude as to become a grave menace to the rest of the population".
The defense is ‑‑ if you prosecute the banks they may collapse.
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That approach stands in stark contrast to his comments about bank prosecutions this past March, when he said: "the size of some of these institutions becomes so large that it does become difficult for us to prosecute them (because) if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy".
Mr. Holder said: "I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy".
"I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.
"I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy," he said in testimony to the Senate Judiciary Committee, reported on thehill.com blog.
"I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy," Attorney General Eric Holder told the Senate Judiciary Committee.
"I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy," Holder said.
"I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy," Holder said, according to The Hill.
"When we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps world economy, that is a function of the fact that some of these institutions have become too large," Holder said before the Senate Judiciary Committee.
Attorney General Eric Holder even made this de facto immunity explicit by stating that "if you do prosecute, if you do bring a criminal charge (against lawbreaking banks), it will have a negative impact on the national economy, perhaps even the world economy".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com