Although my guest blogging has been focused on white collar rationalizations, I can’t help but mention that, just about any way you cut it,* ninety days have passed since former Attorney General Holder asked U.S. Attorneys investigating the financial crisis to report back on whether they could make criminal cases against any individuals.  I’m guessing that since we didn’t hear any big announcements, there are no indictments sitting on current Attorney General Loretta Lynch’s desk.  Or maybe the currency trading guilty pleas were the announcement.  Of course, those were charges against corporations, not individuals . . . and deals with the regulators have ensured the banks will continue to basically operate as usual . . . and hinky currency trading isn’t what caused the financial crisis . . . and the banks involved weren’t the biggest players in MBS in the run up to the collapse.  You get the point.  It looks like Wall Street executives may truly and forever be off the hook for what happened in 2008.  

* If AG Holder was speaking generally, three months since his February 17 announcement was last Sunday.  If he actually meant a hard ninety days, that elapsed last Monday.  If he’s a kind boss and has been giving his AUSA’s weekends off for the past seven years, there’s still hope!