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.

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emptywheel Last tweet was @jackgillum snark here. http://t.co/ayGtinxKLf
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emptywheel "Johnson did not respond to f-up Q Sun why Roberts would still be a threat if he couldn't, in fact, compromise United's control systems."
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bmaz @kkaplan @ScottGreenfield @radleybalko Well, I'd hope not.... But who knows??
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emptywheel @DonteStallworth LOL. Spouse's friends always used to refer to him playing "fetch" when discussing ultimate. @RandyMoss
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emptywheel @DonteStallworth OK. Can you get Randy Moss to be your 6'4" deep?
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emptywheel After bombing shit out of Yemeni infrastructure for 2 weeks Saudis have announced "goal" of "protecting civilians." https://t.co/fmcaKKJKRb
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emptywheel @DonteStallworth Good thing Harbaugh is a handler cause handlers can play until they're old. You're gonna need some 6'5" deeps next.
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JimWhiteGNV It's really disgusting how loud Yankees fans are at the Trop. #LowerLifeForms #RaysUp
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bmaz @PhilPerspective @walterwkatz No, thats first time seen him in while. They rotate people doing the podium interviews. Is often Eddie Jordan.
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JimWhiteGNV Giving very serious thought to moving to a diet consisting only of almond bear claws and water. Without much water...
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bmaz @Merriiman Learned it from my mother.
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