Eric Holder Makes His Triumphant Return to the Private Sector!

TylerDurden

Jul 7, 2015 at 5:21pm Edited

Recently he was out there fighting for the little guy against the corrupt and sociopathic big business meanies! Yay for Eric!

Today, he is back at work fighting for the um...corrupt and sociopathic big business meanies! Boo Hiss!

From the Intercept: ERIC HOLDER RETURNS AS HERO TO LAW FIRM THAT LOBBIES FOR BIG BANKS

After failing to criminally prosecute any of the financial firms responsible for the market collapse in 2008, former Attorney General Eric Holder is returning to Covington & Burling, a corporate law firm known for serving Wall Street clients.

The move completes one of the more troubling trips through the revolving door for a cabinet secretary. Holder worked at Covington from 2001 right up to being sworn in as attorney general in Feburary 2009. And Covington literally kept an office empty for him, awaiting his return.

The Covington & Burling client list has included four of the largest banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo. Lobbying records show that Wells Fargo is still a client of Covington. Covington recently represented Citigroup over a civil lawsuit relating to the bank’s role in Libor manipulation.

Covington was also deeply involved with a company known as MERS, which was later responsible for falsifying mortgage documents on an industrial scale. “Court records show that Covington, in the late 1990s, provided legal opinion letters needed to create MERS on behalf of Fannie Mae, Freddie Mac, Bank of America, JPMorgan Chase and several other large banks,” according to an investigation by Reuters.
The Department of Justice under Holder not only failed to pursue criminal prosecutions of the banks responsible for the mortage meltdown, but in fact de-prioritized investigations of mortgage fraud, making it the “lowest-ranked criminal threat,” according to an inspector general report.

What a country!

alias

Jul 7, 2015 at 5:37pm

Oh.

Thank God!!!

I was afraid this thread was about The Village Keepers!

Eric Holder is as responsible as any of the CEO bankers for the collapse. He's the author of the 'collateral consequences' doctrine which essentially states that we can't prosecute the offenders because all the little people will lose their jobs. This originated during his association with the administration of another friend to the big banks: Bill Clinton.