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 Twitterverse
emptywheel @JPughMI Do YOU ever got tired of smacking down Steve Mitchell? @FiveThirtyEight
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emptywheel I get that Levin is running interference for his POTUS and party, but dodging this AUMF vote not a good legacy to leave on.
6mreplyretweetfavorite
emptywheel @Jockular To fight other than Assad.
15mreplyretweetfavorite
emptywheel Gillibrand pointing out very obvious point that "moderates" have no incentive to fight ISIL until Assad ousted.
18mreplyretweetfavorite
emptywheel Really Gillibrand should have asked, "Is Turkey or is Turkey not one of our Secret Friends?"
22mreplyretweetfavorite
emptywheel Tho King's "geopolitical whack-a-mole" isn't bad.
24mreplyretweetfavorite
emptywheel @ChrisWarcraft You saw that Cantwell just dropped bill to end non-profit status? @oraTV
25mreplyretweetfavorite
emptywheel Angus King started this speech by acknowledging that Kaine had already made his point more articulately. King was right.
26mreplyretweetfavorite
emptywheel Tho note to Tim Kaine's staffer who had all her papers on lap behind boss while he was making superb speech: that's gonna hurt TV clip.
28mreplyretweetfavorite
emptywheel Also really HOPE HOPE HOPE Cantwell makes a very good Internet ad calling Jerry Jones a welfare queen for not paying taxes.
29mreplyretweetfavorite
emptywheel Tim Kaine giving an excellent lesson in the history of the 2001 AUMF. Hope that makes the TV news.
31mreplyretweetfavorite
emptywheel Now that Cantwell's going after NFL's non-profit status, I hope pollsters start polling whether people KNOW NFL doesn't pay taxes.
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