Are ’Too Big to Fail’ Banks Now ’Too Big to Jail?’

Are ’Too Big to Fail’ Banks Now ’Too Big to Jail?’

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August 02, 2014

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Are ’Too Big to Fail’ Banks Now ’Too Big to Jail?’

May 6 (Bloomberg) -- So far large banks that break the law have been able to avoid criminal prosecution by agreeing to settlements and paying large fines. However, that approach has been heavily criticized. Now Preet Bharara, the U.S. Attorney for the Southern District of New York, appears ready to change course. Bloomberg’s Sam Grobart takes a look at the complicated task of prosecuting a big bank.

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