7 Days Before Holder’s “90 Day Ultimatum” Expires, DOJ Declines To Prosecute Citigroup

Monday, May 11, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/11/2015

Almost exactly three months ago, with much pomp and circumstance, US attorney general Eric Holder, whose department of “justice” made headlines two years ago for refusing to bring criminal cases against big banks due to fears of systemic consequences if any TBTF bank is brought to justice thus spawning the term Too Big To Prosecute, gave his lackeys involved in residential mortgage-backed securities exactly 90 days in which to “develop cases against individuals” for their roles in the financial crisis.

What happened since then is that in a completely unrelated action, the CFTC ferreted out a basement trader and put the entire blame of the Flash Crash on his shoulders just before the 5 year statute of limitations of the May 2010 flash crash expired and… nothing else.

Actually, correction.

This:

CITIGROUP SAYS DOJ DECLINED TO PROSECUTE ON LIBOR RIGGING

So for all those wondering if the modus operandi at the Department of Justice has changed, and if Eric Holder, for all his recent bluster is willing to prosecute Wall Street criminals, we have the one word answer.

No.

The Rest…HERE

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