And Then There’s This: “The Oceans Will Rise; Nuclear Winter Will Be Upon Us; And The World As We Know It Will End”
by Tyler Durden
ZeroHedge.com
05/01/2014
As U.S. Justice Department prosecutors begin to bring the first criminal charges against global banks since the financial crisis, they are facing dire warnings of uncontainable collateral damage from none other than the sell-side’s banking analysts… “Don’t play with matches,” warned Brad Hintz, bringing up the specter of Enron (somehow suggesting we would better if that had not been prosecuted?) “The mere threat of requiring a hearing could cause customers to lose confidence in the institution and could cause a run on the bank,” warns a banking lawyer (well isn’t that how it’s supposed to be?). Too Big To Prosecute is starting to tarnish a little as Preet Bharara begins to bring the heat, adding, somewhat humorously that, banks have a “powerful incentive to make prosecutors believe that death or dire consequences await.”
