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Nobody is above the law.

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"Attorney General Holder: Treating powerful individuals and institutions as 'too big to jail' is fundamentally wrong.

It's your job to prosecute criminals. If you can't bring yourself to prosecute Wall Street crooks, you should resign."

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    Nobody is above the law.

    Not one of the Wall Street crooks who drove our economy off a cliff has gone to jail. And now we know why.

    For the country's top law enforcement official, Attorney General Eric Holder, "too big to fail" has now become "too big to jail."

    Shockingly, Attorney General Holder recently admitted as much, saying:

    I am concerned 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.

    Nobody in our country is above the law. But apparently Attorney General Holder has lost sight of that.

    Tell Attorney General Holder: "It's your job to prosecute criminals. If you can't bring yourself to prosecute Wall Street crooks, you should resign."

    When Attorney General Holder effectively gives a "get out of jail free" card to Wall Street crooks, it hurts our country in two ways.

    First, taking the threat of prosecution off the table gives a green light to criminals to keep at it.

    This is especially true when breaking the law is enormously profitable -- as it is with Wall Street banks.

    Second, letting criminals operate with impunity fundamentally weakens the Rule of Law.

    When Senator Elizabeth Warren was speaking with federal banking regulators about the lack of criminal prosecution of HSBC for laundering drug money and violating our sanctions regime, she said this:

    If you're caught with an ounce of cocaine, the chances are good you're going to go to jail. If it happens repeatedly, you may go to jail for the rest of your life. But evidently, if you launder nearly a billion dollars for drug cartels and violate international sanctions, your company pays a fine and you go home and sleep in your own bed at night...I think that's fundamentally wrong.

    It is indeed fundamentally wrong. As is the broader notion of "too big to jail."

    Our democracy simply cannot tolerate two sets of laws -- one set for the richest and most powerful individuals and institutions, and another set for everyone else.

    Tell Attorney General Holder: "It's your job to prosecute criminals. If you can't bring yourself to prosecute Wall Street crooks, you should resign."

    Note: If you haven't read Matt Taibbi's piece on HSBC, it's well worth reading to see the kind of blatant criminality that's being overlooked. Click here to read it.

    photo: Roger Barone/Talk Radio News