“I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute – if we do bring a criminal charge – it will have a negative impact on the national economy, perhaps even the world economy. I think that is a function of the fact that some of these institutions have become too large.”
– U.S. Attorney General Eric Holder, in testimony to the Senate Judiciary Committee, later emphasizing that he was speaking generally.
Holder had been subpoenaed to testify about the fraud and money laundering case involving banking giant HSBC (formerly Hong Kong and Shanghai Banking Corporation). HSBC has been accused of laundering money for Mexican and Columbian drug cartels; interesting, once you realize the company was founded in 1865 by opium merchants.
If I’m arrested for robbing a convenience store of $100, I suppose I could say I shouldn’t be prosecuted because I’m caring for my elderly parents. While HSBC paid a record $1.92 billion in fines, none of their senior level officials have been imprisoned. Holder’s claim makes him sound like a Republican businessman! From Texas!
Chief Writing Wolf 
Worst Quote of the Week
“I’m not going to engage in the back and forth and the attacks. Several Democrats have demonstrated a willingness to attack me by name. I’m not going to engage in that argument. I’m going to stay focused on what I think Texans want me to stay focused on, which is the substance of the job.”
– Sen. Ted Cruz, in response to a question from Dallas Morning News reporter Todd Gillman on whether or not he admired the late Sen. Joe McCarthy.
A simple ‘yes’ or ‘no’ couldn’t suffice?
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