“Remember all the talk inside and outside the US Department of Justice that charging – and even investigating – big banks for criminal fraud might damage their stock prices? A former DoJ criminal division chief was said to have lost his job due to two interviews where he admitted that investigations into fraud were blocked and certain big banks were in fact too big to prosecute?
"Catch Us If You Can!" taunts an investment letter, correctly noting that the criminal fines so lauded by the US Department of Justice have failed to impact much of anything.”
read more>>