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Eric Holder vows Wall Street prosecutions on the way — and soon

By Cheryl K. Chumley-The Washington Times Wednesday, August 21, 2013
**FILE** Attorney General Eric Holder, the nation's top law enforcement official, testifies on Capitol Hill in Washington on May 15, 2013, before the House Judiciary Committee oversight hearing on the U.S. Department of Justice. (Associated Press)
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Just because it’s been five years since the nation suffered a dramatic economic hit from Wall Street corporate losses doesn’t mean prosecutions aren’t coming, said Attorney General Eric Holder, on Tuesday.

In fact, it’s just the opposite, he said. Mr. Holder vowed he wasn’t leaving his government position until businesses have paid the price for the financial drag he faults them for creating.

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“My message is, anybody who’s inflicted damage on our financial markets should not be of the belief that they are out of the woods because of the passage of time,” he said, in an interview with The Wall Street Journal. “If any individual or any institution is banking on waiting things out, they have to think again.”

Mr. Holder said prosecutions are coming — and soon.

“I expect to be here to announce a series of significant matters that we’ll be brining,” he said, Newsmax reported.

Mr. Holder didn’t disclose the targets of the prosecutions, or the specifics of the charges. But his vow to be around to announce the charges would seem to suggest that the prosecutions are coming before the end of the year. Various insiders have said Mr. Holder was planning on leaving his Justice Department post before 2013 wraps, Newsmax said.

He didn’t specify, either, if the charges would be criminal or civil in nature. But he did say that his general tone to prosecutors around the nation has been: “Remain aggressive and pursue these kinds of cases.”



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