Coalition Calls on White House to Repudiate Holder’s Remarks that Banks are ‘Too Big to Jail’
By Jennifer Koons | April 1, 2013 3:54 pm

A coalition of left-leaning interest groups is calling on the White House to publicly reject Attorney General Eric Holder’s remarks that some banks could be too big to prosecute.

Beginning Tuesday, April 2, activists from, the Campaign for a Fair Settlement and others plan to hand-deliver a petition with more than 330,000 signatures to federal prosecutors in more than a dozen cities nationwide.

The petition asks President Barack Obama to “end the administration’s ‘too big to fail/jail’ policy by taking immediate steps to break up the big banks and prosecute the criminals who used them to destroy our economy.”

The petition was created last month in reaction to Holder’s March 6 testimony before the Senate Judiciary Committee in which he said “that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.”

“To my knowledge, the attorney general has not walked back his statement one iota and the White House has not commented, which is shocking,” said Dan Petegorsky, policy director for the advocacy group, the Campaign for a Fair Settlement.

Activists from more than six liberal organizations will bring petitions to Department of Justice Offices in Charlotte, N.C., Philadelphia, Penn., Atlantica, Ga., Minneapolis, Minn., Los Angeles and elsewhere.

In a separate petition, the group CREDO Action has amassed more than 153,000 electronic signatures calling for Holder to resign if he won’t hold banks accountable.


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