Senators: Justice Department 'aggressively evasive' on 'too big to jail'

Brown and Grassley’s efforts underscore that, more than four years after the fiscal crisis and more than two years after the Dodd-Frank overhaul of financial regulations, lawmakers still have their concerns about the country’s biggest banks. 

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The two senators, in their latest statement on the issue, say the Justice Department’s only clear statement was that it regularly consults banks and regulators. 

“So either regulators are urging the Department to take a soft approach, or the Department is easily swayed by misleading Wall Street arguments,” Brown and Grassley said. 

“We’ve conveyed our dissatisfaction, so the Justice Department is aware that it still owes us a complete response. The public deserves the facts about the Justice Department’s refusal to prosecute big banks and senior bank executives.”