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
May 31, 2023 at 6:31 am
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May 10, 2017 at 6:25 am
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March 6, 2017 at 6:52 am
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July 6, 2016 at 6:48 am
[…] Bunkerville: Guess where in the world Former AG Eric Holder is working? […]
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February 4, 2016 at 7:42 am
[…] Guess where in the world Former AG Eric Holder is working? […]
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February 3, 2016 at 11:12 pm
The corruption is so entrenched, even with dismissal of all Obama appointees, it’ll take a long time to clear the shit he laid down. With the revelation of this, it explains why, when he was AG, Holder didn’t go after the corruption on wall street, because he knew he was joining them.
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February 3, 2016 at 11:16 pm
and better yet, the fines imposed via settlements with the banks went directly to the Acorns and other Social Justice organizations of his choosing. Thanks for stopping by.
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February 3, 2016 at 7:30 pm
Great find! Funny how this is not being reported…
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February 3, 2016 at 10:49 pm
The gravy train keeps on keeping on. The revolving door.
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February 3, 2016 at 6:23 pm
Another excellent find, Bunker!
The department Holder besmirched should be renamed the JustUs Department.
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February 3, 2016 at 10:49 pm
Amazing isn’t it. A man of with a real moral compass that cared for all his black bros. Hypocrite personified.
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February 3, 2016 at 12:40 pm
This has been going on for a very long time. Think Jamie Gorelick, who should be tucked away in a federal prison from her tenure in the Clinton administration, but subsequently gained tens of millions running Freddie Mac …. she and Franklin Raines whose crimes resulted in a fine rather than jail time. Amazing. I wish I could say that this is only a problem among democrats, but no … both parties are over populated with scum.
I don’t think it is that most don’t care … rather, most realize there is nothing we can do about it. It is very frustrating and perhaps the reason why so many Americans drop out of the political process.
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February 3, 2016 at 12:45 pm
You are correct in your comment. What seems to be most painful is that these guys hold themselves up so rightously. With such indignation. When in fact, they are the worst
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February 3, 2016 at 12:04 pm
Laws are for the little people, right?
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February 3, 2016 at 12:04 pm
Despicable.
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February 3, 2016 at 12:46 pm
Right. Only little people go to jail.
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February 3, 2016 at 9:51 am
[…] Source: Guess where in the world Former AG Eric Holder is working? […]
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February 3, 2016 at 9:54 am
Thanks again.
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February 3, 2016 at 9:35 am
[…] Source: Guess where in the world Former AG Eric Holder is working? […]
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February 3, 2016 at 9:54 am
Thanks.
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February 3, 2016 at 8:33 am
From the Wiki article on Eric Holder:
In July 2015, Holder rejoined Covington & Burling, the law firm at which he worked before becoming Attorney General. The law firm’s clients have included many of the large banks Holder declined to prosecute for their alleged role in the financial crisis. Matt Taibbi of Rolling Stone opined about the move, “I think this is probably the single biggest example of the revolving door that we’ve ever had.”
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February 3, 2016 at 8:38 am
Thanks AOW. Yet few seem to care.
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