Either we break up the big banks or the big banks break us
Attorney General Eric Holder made actual some news this week amid the GOP’s scandal frenzy: he told the House Judiciary committee that big banks are not too big too jail. He was willing to criminally prosecute the nation’s largest banks, though he hasn’t done so since the financial crisis.
“Let me be very, very, very clear… banks are not too big to jail,” Holder added.
This is a small relief because the fact remains that the big banks are bigger than ever, much bigger than they were when they were able to prevent the decent reforms that followed the financial crisis to take the the crucial step of breaking up the big banks.…