> Holder’s memo asserted that “collateral consequences” from prosecutions—including corporate instability or collapse—should be taken into account when deciding whether to prosecute a big financial institution.
> 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.
Instead of worrying about the banks he should have been worried about the moral fabric of the country. At least since the bailouts 2008 there is a (mostly justified) perception that the system is rigged in favor of the wealthy. This has made a lot of people very cynical and has allowed a ton of conspiracy theories to rise. If this trend continues there will be a point when people will vote in a dictator.
It’s already a big problem that politics attracts more and more crazy people and reasonable people are staying away.
