Questions over 'too big to jail' banks in Lynch nomination

Loretta Lynch’s nomination for attorney general will raise bipartisan worries about the phenomenon of "too big to jail" banks.

Throughout his tenure, outgoing Attorney General Eric Holder has faced criticism from lawmakers for his role in promoting “too big to jail,” or the perception that executives at big banks cannot be prosecuted for financial crimes, even after the financial crisis.

Now, Wall Street critics are concerned that Lynch, who has been involved in key bank cases as U.S. attorney for the Eastern District of New York, will perpetuate that aspect of Holder’s legacy at the Department of Justice.

Questions about Lynch's track record on financial crimes should be “central” to her upcoming confirmation hearings, said Public Citizen’s financial policy advocate Bartlett Naylor.