Elizabeth Warren to FBI: I Can Think of Some Other Investigations You Should Release
“The DOJ’s inability to obtain meaningful convictions or settlements in the vast majority of these [Financial Crisis Inquiry Commission] referrals ― let alone in any other cases involving senior Wall Street executives ― suggests that the Department failed to hold the individuals and companies most responsible for the financial crisis and the Great Recession accountable,” Warren wrote in her letter to the FBI on Thursday.
Warren noted that the FCIC referred 11 cases to the DOJ in which the commission found “serious indication of violation” of federal banking laws, implicating nine individuals in those violations. “Not one of these nine has gone to prison or been prosecuted for a criminal offense,” Warren said.
Those named by the FCIC include top executives of some of the largest banks in the country and some of the most politically connected men on Wall Street, including Robert Rubin, former Bill Clinton treasury secretary and Citigroup chairman.