Sherrod Brown and Chuck Grassley Watch Frontline, Too

Citing this line from Lanny Breuer in last week’s Frontline program,

I think I and prosecutors around the country, being responsible, should speak to regulators, should speak to experts, because if I bring a case against institution, and as a result of bringing that case, there’s some huge economic effect — if it creates a ripple effect so that suddenly, counterparties and other financial institutions or other companies that had nothing to do with this are affected badly — it’s a factor we need to know and understand.

Sherrod Brown and Chuck Grassley have sent a list of questions they want Eric Holder to answer by February 8.

The questions are:

  1. Has the Justice Department designated certain institutions whose failure could jeopardize the stability of the financial markets and are thus, “too big to jail”?  If so, please name them.
  2. Has the Justice Department ever failed to bring a prosecution against an institution due to concern that their failure could jeopardize financial markets?
  3. Are there any entities the Justice Department has entered into settlements with, in which the amount of the settlement reflected a concern that markets could be impacted by such a settlement?  If so, for which entities?
  4. Please provide the names of all outside experts consulted by the Justice Department in making prosecutorial decisions regarding financial institutions with over $1 billion in assets.
  5. Please provide any compensation contracts for these individuals.
  6. How did DOJ ensure that these experts provided unconflicted and unbiased advice to DOJ?

I’m interested in their focus on contractors. Has someone like Promontory Financial Group been making these decisions too?

In any case I await Holder’s non-responsive answer with bated breath.

Tweet about this on Twitter0Share on Reddit0Share on Facebook0Google+0Email to someone

13 Responses to Sherrod Brown and Chuck Grassley Watch Frontline, Too

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
Emptywheel Twitterverse
emptywheel @submergingmkt Brookings pundits are picked not for their wisdom but for their justification for more defense funding.
34mreplyretweetfavorite
bmaz @WinstonTapper You are really cute, but shy won't you come to my birthday party?? Love, Kiki http://t.co/ogQIDhc06l
34mreplyretweetfavorite
emptywheel @firetomfriedman So many pundits, such a shortage of appropriate hate!
36mreplyretweetfavorite
emptywheel @onekade You mean you willfully signed up for old-school surveillance? I bet you're getting Visa rebate too, where they'll track purchases
36mreplyretweetfavorite
emptywheel Shorter Michael O'Hanlon: RAZE Mt. Rushmore and build a pyramid to the Great General's honor!
38mreplyretweetfavorite
emptywheel Shorter Michael O'Hanlon: Oh let the Great General return to service!!! He will vanquish all terrorists by shrink wrapping them in steel!
39mreplyretweetfavorite
JimWhiteGNV @biasedreporter Can't use poison because of the dogs.
41mreplyretweetfavorite
emptywheel Shorter Michael O'Hanlon: Statues to His Honor in mere gold would soil His Great Legacy.
41mreplyretweetfavorite
JimWhiteGNV @biasedreporter Yes. Can't let cats out any more due to owls. Snakes will get active now with warmer weather & saw a hawk near barn today.
41mreplyretweetfavorite
emptywheel Shorter Michael O'Hanlon: Bribing Sunnis to stop fighting for 6 months was the most noble thing a US public servant has ever done.
42mreplyretweetfavorite
emptywheel @RWFreeman Oh!?!?!?! You question the General's ability to shrink wrap tanks!?!?! Heresy!!!!
43mreplyretweetfavorite
emptywheel Shorter Michael O'Hanlon: This country does David Petraeus an injustice unless it names 5 states and 2 territories after him.
43mreplyretweetfavorite
January 2013
S M T W T F S
« Dec   Feb »
 12345
6789101112
13141516171819
20212223242526
2728293031