We urge the Department of Justice to carefully investigate and aggressively prosecute all senior bank officials who participated in manipulating the London interbank offered rate throughout the financial crisis.
Sentiment: NEGATIVE
I met with people who are already very angry with the tribunal.
Robert M. Morgenthau, the Manhattan district attorney, has seen a few financial schemes in his time. As the lead local prosecutor in the world's financial capital, he has battled frauds like the Bank of Credit and Commerce International, which stole billions of dollars from investors worldwide.
Those who perpetrate fraud against our financial institutions will be met with the full force of law enforcement.
This is a very highly charged investigation. People are very interested in this, and we've got a prosecutor, a very well respected prosecutor who's been looking at this issue, this investigation for a long time.
The U.S. obviously has all the evidence they need to prosecute bankers. They just need to search their own spy database and then there you go - 1,000 bankers in jail, a trillion dollars in fines. But it doesn't happen. Instead, the spy network is being used to fight a copyright case. They used Prism to spy on me.
The law courts must appear as a threatening gesture toward secret vice. The bank must declare: here your money is secure and well looked after by honest people.
At the Department of Justice, our ability to fulfill our responsibilities - to advocate for victims, to vigorously pursue misconduct, to seek justice in all its forms - depends on public confidence in the institutions we represent.
I don't think you should have everybody's information from their bank. There should be some process: accusations and proof that you've committed a crime.
The vast majority of A.D.A.s put everything on the line to make sure justice is served. That's what I love about prosecutors and the New York police.
Not one criminal charge has ever been brought to any bank executive associated with the 2008 crisis. And in fact, it gets worse. No bonuses and none of their equity was taken.