Former Attorney General Holder we learn, is now sitting on easy street. Buried in the story regarding Holder’s endorsement of Clinton we find where he landed. On his feet for sure. Ah, now the pieces come together. Recall a post I did in back in 2013: Eric Holder’s Kickbacks from JP Morgan- Billions go to his crony groups Want to know where the money went? Yepper, Acorn like groupies. And now? He is a White Collar defense Attorney and a Lobbyer for guess whom- Big banks, drug companies and defense contractors. Here we go:
Along the campaign trail, Hillary Clinton has called for the government to prosecute Wall Street executives who break the law, in place of the corporate settlements frequently employed by the Obama administration. “No one should be too big to jail,” the Democratic presidential contender wrote in October.
But on Wednesday, Clinton accepted the endorsement of former Attorney General Eric Holder, the man who oversaw a record decrease in white-collar prosecutions, and who inadvertently coined the phrase — “too big to jail” — which is often used to describe the Obama Justice Department’s approach to corporate crime.
Holder — who has described his Justice Department as “appropriately aggressive” — is now a white-collar defense attorney at a firm that lobbies for major banks, pharmaceutical companies and defense contractors.
On Wednesday, he released a statement praising Clinton’s “bold plans” to improve the economy and reform gun regulations. The statement did not mention her plans to rein in Wall Street.During the Obama administration, corporate prosecutions hit a 20-year low, as numerous companies accused of crimes were allowed to enter so-called “deferred prosecution agreements.”
In 2013, when he faced questions about the Justice Department’s failure to prosecute financial executives in the wake of the financial crisis, Holder admitted being “concerned” that some financial institutions might be too large to prosecute without triggering “a negative impact on the national economy, perhaps even the world economy.”
In those settlements, companies generally admit wrongdoing and pay fines, while their executives avoid the threat of jail time. Clinton has said those agreements “should be used in limited circumstances” and not “in egregious cases of corporate crime.”
More at International Business Times