General Discussion

pa28

(6,145 posts) Mon Jul 6, 2015, 03:30 PM Jul 2015

Revolving door: Holder returns to law firm that lobbies for big banks. 7-8 figure compensation. [View all]

https://firstlook.org/theintercept/2015/07/06/eric-holder-returns-law-firm-lobbies-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 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.

According to Eric Holder banks are too big to prosecute but it seems he's perfectly capable of defending them.

Eric Holder Admits Some Banks Are Just Too Big To Prosecute

http://www.huffingtonpost.com/2013/03/06/eric-holder-banks-too-big_n_2821741.html

127 replies

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Revolving door: Holder returns to law firm that lobbies for big banks. 7-8 figure compensation. [View all] pa28 Jul 2015 OP

I think that's BOTH Hope and Change for Eric HFRN Jul 2015 #1

I knew he was protecting his financial viability by doing NOTHING about the banksters. roguevalley Jul 2015 #32

He won't. He'll pay off his conscience. n/t Betty Karlson Jul 2015 #97

This has to end eventually. We can't have another 8, or even 4, years of this arcane1 Jul 2015 #2

And that's why we NEED Bernie to win the White House. cui bono Jul 2015 #87

Color me shocked. KG Jul 2015 #3

Surprise surprise surprise n2doc Jul 2015 #4

You read my head BrotherIvan Jul 2015 #12

But the writing was on the wall! cui bono Jul 2015 #88

Edited BrotherIvan Jul 2015 #89

Liar cui bono Jul 2015 #90

You just hate BrotherIvan Jul 2015 #91

If you had a lisp you could have said.. cui bono Jul 2015 #92

Guava cream cheese pie??? BrotherIvan Jul 2015 #93

Truth be told is is more of a pastry than a pie... cui bono Jul 2015 #94

Yes, I have had that pastry from a Cuban bakery BrotherIvan Jul 2015 #95

In Brazil they serve guava with cheese, not in a pastry, just on a plate.. cui bono Jul 2015 #108

I hope you are feeling better! BrotherIvan Jul 2015 #110

I had to go breathe into a paper bag for a little while to get over the shock. pa28 Jul 2015 #15

Obama/Holder protect the big banks and prosecute those using marijuana for medical reasons. rhett o rick Jul 2015 #5

Oh really, tell me more nadinbrzezinski Jul 2015 #6

In case you're wondering, Bertha Venation is no longer employed there KamaAina Jul 2015 #7

HA! Good one! gregcrawford Jul 2015 #24

Bertha is a true and actual DUer KamaAina Jul 2015 #26

Well then... gregcrawford Jul 2015 #124

The Venations did no such thing to their daughter KamaAina Jul 2015 #125

Really? Darn... Well, it's still funny gregcrawford Jul 2015 #126

Mere coincidence! nt Romulox Jul 2015 #8

How quaint! nt City Lights Jul 2015 #9

Ca-CHING! dgauss Jul 2015 #10

He never left. CharlotteVale Jul 2015 #11

Not for ONE SECOND. hifiguy Jul 2015 #14

/\_/\_This right here_/\_/\ Scuba Jul 2015 #71

BINGO! QC Jul 2015 #72

Probably true, actually. cui bono Jul 2015 #109

this is what quid pro qua looks like questionseverything Jul 2015 #13

Shocking. truebluegreen Jul 2015 #16

HAHAHAHAHAHAHAHAHAHAHAHAHAHA! OnyxCollie Jul 2015 #17

Equal Just-Us Under the Law. Octafish Jul 2015 #122

There oughta be a law... truebrit71 Jul 2015 #18

Misleading article, Outrage Bait. How does this law firm act as a political lobbyist at all? What Fred Sanders Jul 2015 #19

you've got to love the hypocrisy of 1 Wall Street lawyer criticizing another..... msanthrope Jul 2015 #23

Too big to prosecute but not too big to defend. Up to $10M a year in compensation. pa28 Jul 2015 #34

Thanks. A little dose of reality goes a long way.... George II Jul 2015 #46

That is also a complete list of Wall Street interests. zeemike Jul 2015 #47

Its also a "complete list" of interests of many Americans. George II Jul 2015 #60

Well there are 400 million of us zeemike Jul 2015 #63

Well, there goes his credibility... calimary Jul 2015 #20

As if he ever had any. hifiguy Jul 2015 #50

It's really disappointing to see this, especially from him. calimary Jul 2015 #85

money enough compensation for your reputation Mr Holder? irisblue Jul 2015 #21

what utter hypocrisy of a former Wall Street lawyer critiquing Eric Holder..... msanthrope Jul 2015 #22

Don't let the door hit you in the ass you traitorous bastard. n/t jtuck004 Jul 2015 #25

This is why it's so important to elect a President whose top contributors are from Wall Street* RufusTFirefly Jul 2015 #27

How can you question his priorities? Warpy Jul 2015 #28

I am so over this bullshit. SoapBox Jul 2015 #29

EXACTLY!!!! RoccoR5955 Jul 2015 #31

As if we needed another reason. pa28 Jul 2015 #38

Thank you MissDeeds Jul 2015 #43

More than ever. hifiguy Jul 2015 #52

...to do what? uponit7771 Jul 2015 #96

They deserve one another n/t udbcrzy2 Jul 2015 #30

Holy cow, now, who didn't see that coming? valerief Jul 2015 #33

I'm shocked. Shocked I tell you! CanonRay Jul 2015 #35

Obama surrounded himself with the likes of Holder and CO. What did you expect? YOHABLO Jul 2015 #36

Why, I'm completely flabbergasted! Elmer S. E. Dump Jul 2015 #37

He did his job. Rex Jul 2015 #39

Very well, according to his paymasters. hifiguy Jul 2015 #53

Gee . . . what a surprise Jack Rabbit Jul 2015 #40

Did anyone bashing Holder look further into Covington Burling? Hoyt Jul 2015 #41

Right, because in your world bashing is anything you don't agree with. Rex Jul 2015 #42

I'm sure they are all very nice people we'd like to invite over for dinner. pa28 Jul 2015 #44

No, the OP said the firm was "known for representing wall street clients.". Actually theyare known Hoyt Jul 2015 #45

If they are big on pro bono work where do they make the big bucks? zeemike Jul 2015 #48

and how can they pay 8 figure salaries? Doctor_J Jul 2015 #51

They are VERY good pimps. hifiguy Jul 2015 #55

Do you work for money? Hoyt Jul 2015 #54

Well I used to before I retired zeemike Jul 2015 #56

Holder has literally put his life on the line, and has helped improve our country. Hoyt Jul 2015 #57

Well I just read his bio. zeemike Jul 2015 #58

Like he wasn't a target. Hoyt Jul 2015 #59

You mean they were shooting at lawyers then? zeemike Jul 2015 #61

For your edification, howsabout giving us a list of specific crimes by banksters. Hoyt Jul 2015 #64

Well since I am not in the loop I can't do that. zeemike Jul 2015 #69

Give some examples of the "fraud." Seems a simple request. Hoyt Jul 2015 #76

Well how about a simple case of fraud. zeemike Jul 2015 #77

At least you have identified an issue. One that quasi-government agencies, government regulators, Hoyt Jul 2015 #80

Well sure it is the buyer's fault. zeemike Jul 2015 #83

The loans were sold to other banksters, supposedly sophisticated investors. Hoyt Jul 2015 #84

Just because there are more players changes nothing. zeemike Jul 2015 #86

It's easy enough to imprison one person selling weed (nt) Babel_17 Jul 2015 #105

Really? Isn't that nice. 840high Jul 2015 #81

And Holder hasn't ! treestar Jul 2015 #115

What, gotten his hands dirty? zeemike Jul 2015 #117

There must have been some ordinary people along the way treestar Jul 2015 #121

I am sure there must have been. zeemike Jul 2015 #123

Do you post for money? n/t brentspeak Jul 2015 #65

Nope, but I will accept donations or give you the name of a charity I like. Hoyt Jul 2015 #67

Every large firm in DC does pro-bono work - TBF Jul 2015 #73

Yes, they do. You gonna bash that too. What tax break would they get other Hoyt Jul 2015 #75

Touchy, touchy - TBF Jul 2015 #98

Well, you can'tanswer the question. Just more BS and bashing of people who have Hoyt Jul 2015 #107

What question was on the table? TBF Jul 2015 #111

I asked you how they got a "tax break" for doing pro bono work beyond Hoyt Jul 2015 #112

Oh ok - all hours in a firm are "billable" - TBF Jul 2015 #113

They still don't get a tax break. And the firm is doing worthy work. Hoyt Jul 2015 #114

I'm not sure if they can write off the value TBF Jul 2015 #116

They could write it off if they declared the value as income, but that wouldn't do Hoyt Jul 2015 #118

I don't think anyone is saying pro bono work is useless - TBF Jul 2015 #119

I agree with that. I do disagree with bashing Holder like he's evil. Hoyt Jul 2015 #120

Funtime Bashing From The Left of Obama/Clinton requires the participant to ignore a LOT of facts not fitting the Outrage narrative. Fred Sanders Jul 2015 #106

What?? Look into some more information other than a blogpost? Then where would the Funtime Outrage be? Fred Sanders Jul 2015 #78

And pro bono makes up what percentage of total billable hours? 5%? 6%? hatrack Jul 2015 #103

Typical Third Way response. TM99 Jul 2015 #104

here I thought he was just being derelict in his duty. no, he was a wall street mole Doctor_J Jul 2015 #49

This revolving door shit JEB Jul 2015 #62

This is not new TBF Jul 2015 #74

Once Again... Them That Gots Gets More. cherokeeprogressive Jul 2015 #66

See? Most transparent administration EVER! Just as promised. 99Forever Jul 2015 #68

One more indication that Obama ozone_man Jul 2015 #70

One more indication that...folks are too busy Obama administration bashing to actually do any little research of their own. Fred Sanders Jul 2015 #79

We got fooled - big time. 840high Jul 2015 #82

SOP Alkene Jul 2015 #99

Best representation Wall St investors can pay for. raouldukelives Jul 2015 #100

Theft ring. lonestarnot Jul 2015 #101

Continuing a disappointing tradition in Washington Babel_17 Jul 2015 #102

Nice work if you can get it. historylovr Jul 2015 #127