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by chollida1 1658 days ago
Can you cite a source of a US DOJ head saying the actual quote you claim they said .

I work in the industry and follow things like this and I haven't heard the US government saying they would like to charge JPM but they can't due to destabilizing the US financial system.

I'll even let you go back 5 years to find such a quote!! I don't think i've heard of this happening.

1 comments

It's called the (Eric) Holder doctrine:

> That sentiment was echoed as late as 2012 by Lanny Breuer, then the head of the Justice Department’s criminal division, who said in a speech at the New York City Bar Association that he felt it was his duty to consider the health of the company, the industry, and the markets in deciding whether or not to file charges.

https://www.theatlantic.com/magazine/archive/2015/09/how-wal...

Here is the 2012 speech from Lanny Breuer [1].

And here is the 1999 memo from (then Deputy Attorney General) Eric Holder [2 PDF].

[1] https://www.justice.gov/opa/speech/assistant-attorney-genera...

[2] https://www.justice.gov/sites/default/files/criminal-fraud/l...