DOJ preparing criminal charges against Wall Street executives


Well, well it’s about time but do you know what it will most likely go no where because they do not normally do justice it’s just not their way.

Starship Earth: The Big Picture

This seems unbelievable . . . Attorney General Eric Holder actually investigating Wall Street? Will wonders never cease. -LW

The Justice Department has launched criminal fraud investigations of individuals at Wall Street firms, with the hopes of filing formal charges in the coming months, Attorney General Eric H. Holder Jr. said Wednesday.

“We are making good progress in these cases, which involve conduct that has undermined the integrity of our markets,” Holder said at New York University Law School.

The nation’s top prosecutor did not go into detail about the inquiries, but people familiar with the cases say the probes involve the possible manipulation of the $5.3 trillion global foreign-exchange markets.

At least seven banks, including JPMorgan Chase, Citigroup and Barclays, disclosed in regulatory filings last year that “various government authorities” had requested information about their trading activities. Bank employees have turned over information to U.S. authorities about the trading…

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