An admission such as this is greeted with both cheers and more quiet reflection for its ramifications. Mostly cheers though from the money center banks. A get out of jail free pass is more subtle.
“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,” he said. “And I think that is a function of the fact that some of these institutions have become too large.”