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2016 Postmortem
In reply to the discussion: Hillary Clinton Made More in 12 Speeches to Big Banks Than Most of Us Earn in a Lifetime [View all]think
(11,641 posts)65. Eric Holder was soft on Wall Street bank crimes. He's going back to defend the very criminal banks
There is no "proof" but it's obvious he sucked at prosecuting bank crimes. Ironic since he went back to his old job to now defend the banks again.
Eric Holder didn't send a single banker to jail for the mortgage crisis. Is that justice?
JONATHAN ERNST/Reuters & David Dayen
Thursday 25 September 2014 16.11 EDT
US attorney generals tenure has proven unhelpful to the five million victims of mortgage abuses in the US
The telling sentence in NPRs report that US attorney general Eric Holder plans to step down once a successor is confirmed came near the end of the story.
Friends and former colleagues say Holder has made no decisions about his next professional perch, NPR writes, but they say it would be no surprise if he returned to the law firm Covington & Burling, where he spent years representing corporate clients.
~Snip~
In March, Covington highlighted in marketing materials their award from the trade publication American Lawyer as Litigation Department of the Year, touting the law firms work in getting clients accused of financial fraud off with slap-on-the-wrist fines.
Covington, American Lawyer says, helps clients get the best deal they can.
Holder has a mixed legacy: excellent on civil and voting rights, bad on press freedom and transparency.
But if you want to understand what he did for the perpetrators of a cascade of financial fraud that blew up the nations economy in 2008, you only have to read that line from his former employer: he helped them get the best deal they can.
As for homeowners, they received a raw deal, in the form of little or no compensation for some of the greatest consumer abuses in American history.
Read more:
http://www.theguardian.com/money/us-money-blog/2014/sep/25/eric-holder-resign-mortgage-abuses-americans
JONATHAN ERNST/Reuters & David Dayen
Thursday 25 September 2014 16.11 EDT
US attorney generals tenure has proven unhelpful to the five million victims of mortgage abuses in the US
The telling sentence in NPRs report that US attorney general Eric Holder plans to step down once a successor is confirmed came near the end of the story.
Friends and former colleagues say Holder has made no decisions about his next professional perch, NPR writes, but they say it would be no surprise if he returned to the law firm Covington & Burling, where he spent years representing corporate clients.
~Snip~
In March, Covington highlighted in marketing materials their award from the trade publication American Lawyer as Litigation Department of the Year, touting the law firms work in getting clients accused of financial fraud off with slap-on-the-wrist fines.
Covington, American Lawyer says, helps clients get the best deal they can.
Holder has a mixed legacy: excellent on civil and voting rights, bad on press freedom and transparency.
But if you want to understand what he did for the perpetrators of a cascade of financial fraud that blew up the nations economy in 2008, you only have to read that line from his former employer: he helped them get the best deal they can.
As for homeowners, they received a raw deal, in the form of little or no compensation for some of the greatest consumer abuses in American history.
Read more:
http://www.theguardian.com/money/us-money-blog/2014/sep/25/eric-holder-resign-mortgage-abuses-americans
Why Eric Holders new job is an insult to the American public
DAVID DAYEN -
TUESDAY, JUL 7, 2015 01:17 PM CDT
The former Attorney General who made "too big to jail" a national joke now re-joins his old corporate law firm
If Las Vegas took bets on whether recently departed Attorney General Eric Holder would return to corporate law firm Covington & Burling, the casinos would have run out of money faster than Greek banks. Newborn infants could have guessed at a homecoming for the former partner at Covington from 2001 to 2009. Last year, Holder bought a condo 300 feet from the firms headquarters. The National Law Journal headlined the news, Holders Return to Covington Was Six Years in the Making, as if acting as the nations top law enforcement officer was a temp gig. They even kept an 11th-floor corner office empty for his return.
If we had a more aggressive media, this would be an enormous scandal, more than the decamping of former Obama Administration officials to places like Uber and Amazon. Thats because practically no law firm has done more to protect Wall Street executives from the consequences of their criminal activities than Covington & Burling. Their roster of clients includes every mega-bank in America: JPMorgan Chase, Wells Fargo, Citigroup, Bank of America. Yet Holder has joined several of his ex-employees there, creating a shadow Justice Department and an unquestionable conflict of interest. In fact, given the pathetic fashion in which DoJ limited punishment for those who caused the greatest economic meltdown in 80 years, Holders new job looks a lot like his old job....
Read more:
http://www.salon.com/2015/07/07/why_eric_holders_new_job_is_an_insult_to_the_american_public/
DAVID DAYEN -
TUESDAY, JUL 7, 2015 01:17 PM CDT
The former Attorney General who made "too big to jail" a national joke now re-joins his old corporate law firm
If Las Vegas took bets on whether recently departed Attorney General Eric Holder would return to corporate law firm Covington & Burling, the casinos would have run out of money faster than Greek banks. Newborn infants could have guessed at a homecoming for the former partner at Covington from 2001 to 2009. Last year, Holder bought a condo 300 feet from the firms headquarters. The National Law Journal headlined the news, Holders Return to Covington Was Six Years in the Making, as if acting as the nations top law enforcement officer was a temp gig. They even kept an 11th-floor corner office empty for his return.
If we had a more aggressive media, this would be an enormous scandal, more than the decamping of former Obama Administration officials to places like Uber and Amazon. Thats because practically no law firm has done more to protect Wall Street executives from the consequences of their criminal activities than Covington & Burling. Their roster of clients includes every mega-bank in America: JPMorgan Chase, Wells Fargo, Citigroup, Bank of America. Yet Holder has joined several of his ex-employees there, creating a shadow Justice Department and an unquestionable conflict of interest. In fact, given the pathetic fashion in which DoJ limited punishment for those who caused the greatest economic meltdown in 80 years, Holders new job looks a lot like his old job....
Read more:
http://www.salon.com/2015/07/07/why_eric_holders_new_job_is_an_insult_to_the_american_public/
Politicians are smart. They know exactly how to play their cards just right. Eric Holder is a very smart politician.
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Hillary Clinton Made More in 12 Speeches to Big Banks Than Most of Us Earn in a Lifetime [View all]
pantsonfire
Apr 2016
OP
I wish she would publish a book of those speeches. They would sell like hot cakes under "Self Help"
Impedimentus
Apr 2016
#1
Oh yes. Remember how Obama started talking to us a few months after he was elected?
Zira
Apr 2016
#60
I'll take your wordsmithing over Hillarys - but the content of the speech is not why they pay her.
Juicy_Bellows
Apr 2016
#12
Yes. But I wouldn't expect voters to trust me in regulating those banks afterwards. They
think
Apr 2016
#31
And then expect the American people to trust her to protect the American peoples interest's
think
Apr 2016
#36
She made those speeches as a private citizen. Why would we deserve to know what she said?
Arkansas Granny
Apr 2016
#24
Because she made them to corporations that hugely impact all our lifes...n/t
pantsonfire
Apr 2016
#26
Do you demand to see transcripts of speeches made by others who speak to those corporations?
Arkansas Granny
Apr 2016
#27
The gun corps effects my life 10x more than Wall Street. Sanders is speaking to a certain groups...
uponit7771
Apr 2016
#66
And Goldman Sachs appreciates her refusal to support a new Glass Steagall. They can't even pass the
think
Apr 2016
#38
Eric Holder was soft on Wall Street bank crimes. He's going back to defend the very criminal banks
think
Apr 2016
#65
The facts are Eric Holder prosecuted less white collar crime than his predecessors.
think
Apr 2016
#68
I feel sorry for the people who had to sit through them without a mute button nt
BernieforPres2016
Apr 2016
#37
The relevant issue is whether those fees affect her policymaking decisions, since
TheDormouse
Apr 2016
#42
Most basketball stars make in 12 games more than most of make in a lifetime. nt
Jitter65
Apr 2016
#58
And they provide a service, entertainment. What service does Hillary provide in a speech?
CentralCoaster
Apr 2016
#64
A basketball player's talent provides value to those paying them. What value does Hill's
ChisolmTrailDem
Apr 2016
#69
That makes sense...20 mil for Hill and about 15 for Bill...per ten minutes? n/t
pantsonfire
Apr 2016
#77