Bankers may yet face federal prosecution for their roles in the 2008 financial crisis, U.S. Attorney General Eric Holder said today.
“We have ongoing investigations that may perhaps produce individual prosecutions,” Holder said, defending the Justice Department’s handling of probes that have resulted in large financial settlements but few criminal prosecutions.
Holder announced his retirement last month, saying he would remain in the job until a new attorney general is nominated by President Barack Obama and confirmed by the Senate. He said he expects that process to take until the beginning of next year.
“My hope would be the Senate would take up that nomination the same way that mine was and, by early February, we have a new attorney general,” he said.