The Good, The Bad, & The Ugly – Week of 3/4/2013

The Good

Elizabeth Warren grills banking regulators (Fed, Treasury, OCC) for HSBC wrist slaps. At what point does the government actually bring criminal charges? Mark Gongloff at Huff Post March 7. 2013

Senate Permanent Subcommittee on Investigations report said to implicate JP Morgan executives in London Whale losses. Committee could ask executives to testify. Ben Protess and Jessica Silver-Green March 4, 2013

The Bad

Goldman Sachs, sidestepping Volcker rule, finds a way to invest in private equity (with our money). Jessica Toonkel and Lauren Tara LaCapra at Reuters March 4, 2013.

The Ugly

Eric Holder states openly what we already know to be the DOJ’s position, the patently absurd claim that the big banks are too big to prosecute because prosecuting them would cause grave economic harm. Robert Borosage at Alternet March 7, 2013

The chilling war on whistleblowers continues. Just days after Michael Winston’s appearance in the highly critical “Untouchables” PBS documentary, the Appeals Court of California overturns his $3.8 million wrongful termination suit, which was one of only a few glimmers of justice post-2008. Matt Taibbi at Rolling Stone March 4, 2013

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