Criminal Charges Against Banks Risk Sparking Crisis

[kelee877]

As U.S. Justice Department prosecutors angle to bring the first criminal charges against global banks since the financial crisis, they’ll have to stare down warnings of uncontainable collateral damage.



---------------------------------------------------and here is the bottom line

“The mere threat of requiring a hearing could cause customers to lose confidence in the institution and could cause a run on the bank,” Schwartz said.


http://www.bloomberg.com/news/2014-05-01/criminal-charges-against-banks-risk-sparking-crisis.html

[kelee877]

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEE said the snail on the turtles back...and lets go for a bank run

Can you believe this..a company gets told they are going to get charged because what they have done or doing is illegal and they can turn around and thumb the government and the law by threatening to rip the economy apart, what other person or company other then the banks can get away with crap like this