Outgoing Justice Department official: ‘We are not done’ investigating the big banks

[unhappycamper]

http://www.rawstory.com/rs/2014/09/10/outgoing-justice-department-official-we-are-not-done-investigating-the-big-banks/



Outgoing Justice Department official: ‘We are not done’ investigating the big banks
By Reuters
Wednesday, September 10, 2014 15:58 EDT

Tony West, the third-ranking official at the U.S. Department of Justice, has a ready response for critics who question why few individuals have been charged for conduct tied to the financial crisis: just wait.

“We are not done, we are not finished,” said West, who was responsible for crafting a series of multi-billion dollar civil settlements with top banks JPMorgan Chase, Citigroup, and Bank of America over shoddy mortgage bonds they sold in the run up to the 2008 crisis.

Those three settlements, each of which beat a record amount set by the prior one, did not include charges against any individuals at the banks.

“Simply because we have been successful in using particular tools doesn’t mean that we have made any determinations about not using other tools,” West, who is leaving the agency next week, said in an interview in his 5th floor conference room at DOJ headquarters.

[Gothmog]

1. I hope that the DOJ continues to investigate the big banks

These investigations are important

[Doctor_J]

2. Great! I'll look for some convictions

right after pigs fly and Norah Jones proposes marriage to me.