Eric Holder Seeks Law for More Money for Whistleblowers

To prosecute wall street crimes.

He wants more money to reward whistleblowers and more agents with expertise.

Phil, what is behind what the attorney general is saying and what we are going to hear from him this afternoon?

Frustration.

I have got excerpts of the speech the attorney general will give today at nyu law school.

What i have been hearing behind the scenes from justice department officials for the last two or three years, all the roadblocks they have run into as they have tried to figure out a way to prosecute individuals coming out of the financial crisis.

It's a feeling that executives are to insulated, that lawyers are making sure that everything their top level people are doing at the bank will never get into the hands of law enforcement officials.

What the attorney general will lay out today is the frustration and the roadblocks that have run into over the last five years, roadblocks that have drawn a ton of criticism from capitol hill, pretty much everywhere for not extracting the pound of flesh coming out of the financial crisis.

But he will ask for is for lawmakers to go in and change what is now capped.

It is currently capped at one point $6 million.

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Eric Holder Seeks Law for More Money for Whistleblowers

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