Bernie Sanders Just Shattered Fundraisiing Records To Fund the Political Revolution

[think]

55. He wan't planning to reign in Wall Street and took plenty from the banks. Eric Holder was the banks'

reward. Bernie doesn't play that game.

Holder ends up saying the banks are too big to prosecute while his former and soon to be future Wall Street lawyer firm defends them from the other side.

Eric Holder Admits Some Banks Are Just Too Big To Prosecute

By Mark Gongloff - 03/06/2013 04:29 pm ET

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"I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy," Holder said, according to The Hill. "And I think that is a function of the fact that some of these institutions have become too large."

Holder's comments don't come as a total surprise. His underlings had already made similar confessions to The New York Times last year, after they declined to prosecute HSBC for flagrant, years-long violations of money-laundering laws, out of fear that doing so would hurt the global economy. Lanny Breuer, formerly in charge of doling out the Justice Department's wrist slaps to banks, told Frontline as much in the documentary "The Untouchables," which aired in January.

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

Eric Holder, Wall Street Double Agent, Comes in From the Cold

Barack Obama's former top cop cashes in after six years of letting banks run wild

By Matt Taibbi July 8, 2015

Eric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington & Burling. The former attorney general decided against going for a judgeship, saying he's not ready for the ivory tower yet. "I want to be a player," he told the National Law Journal, one would have to say ominously.

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Here's a man who just spent six years handing out soft-touch settlements to practically every Too Big to Fail bank in the world. Now he returns to a firm that represents many of those same companies: Morgan Stanley, Wells Fargo, Chase, Bank of America and Citigroup, to name a few.

Collectively, the decisions he made while in office saved those firms a sum that is impossible to calculate with exactitude. But even going by the massive rises in share price observed after he handed out these deals, his service was certainly worth many billions of dollars to Wall Street.


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One is that he failed to win a single conviction in court for any crimes related to the financial crisis. The only trial of any consequence brought by his Justice Department for crimes related to the crisis involved a pair of Bear Stearns nimrods named Ralph Cioffi and Matthew Tannin, who confided in each other via email that the subprime markets were "toast" but told their clients something very different to keep them invested.

Read more: http://www.rollingstone.com/politics/news/eric-holder-wall-street-double-agent-comes-in-from-the-cold-20150708#ixzz41gBqFTyV