Tags: Eric Holder | bank | lobby | law firm | revolving door | no | prosecutions

Intercept: Holder Back 'Through the Revolving Door' Defending Big Bankers

By    |   Wednesday, 08 Jul 2015 07:58 PM

Former Attorney General Eric Holder has taken up his old job at a New York law firm defending banks, though, considering his lax treatment of the banks blamed for the financial collapse almost a decade ago, a columnist at Zerohedge.com wonders if Holder ever left.

"For all his hard work protecting and coddling criminal financial oligarchs, Eric Holder was always going to be paid handsomely once he left office. That time has come," writes Mike Krieger. His column originally appeared on his Liberty Blitzkrieg blog.

Holder is back at Covington & Burling, which counts among its client list Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.

"The move completes one of the more troubling trips through the revolving door for a cabinet secretary," Lee Fang wrote on The Intercept.  "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."

When the firm moved to a new location during Holder's tenure at the Justice Department, it kept a corner office empty for him, according to The Intercept.

"Covington was also deeply involved with a company known as MERS, which was later responsible for falsifying mortgage documents on an industrial scale," according to The Intercept.

"For all intents and purposes, he never really left Covington. He just took a sabbatical to protect the banksters for a few years," Krieger wrote.

The Holder Justice Department failed to pursue criminal prosecutions of the banks responsible for the mortage meltdown, and even "de-prioritized investigations of mortgage fraud, making it the "lowest-ranked criminal threat,'" Intercept quoted an inspector general report.

"Holder’s big move is an embarrassing smack in the face to Democrats who have been attacking big banks and Wall Street since the financial crisis," Tom Borelli writes at DeneenBorelli.com "I would expect they sweep the news under the rug and pretend it’s not happening, kind of like when top officials in the Obama White House left to join BP, or when the White House hired well over a baker’s dozen of former Goldman Sachs employees."

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Former Attorney General Eric Holder has taken up his old job at a New York law firm defending banks, though, considering his lax treatment of the banks blamed for the financial collapse almost a decade ago, a columnist at Zerohedge.com wonders if Holder ever left. For all...
Eric Holder, bank, lobby, law firm, revolving door, no, prosecutions, attorney general
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2015-58-08
Wednesday, 08 Jul 2015 07:58 PM
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