Posted on 07/07/2015 8:38:03 AM PDT by Brad from Tennessee
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 move completes one of the more troubling trips through the revolving door for a cabinet secretary. 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.
The Covington & Burling client list has included four of the largest banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo. Lobbying records show that Wells Fargo is still a client of Covington. Covington recently represented Citigroup over a civil lawsuit relating to the bank’s role in Libor manipulation.
Covington was also deeply involved with a company known as MERS, which was later responsible for falsifying mortgage documents on an industrial scale. “Court records show that Covington, in the late 1990s, provided legal opinion letters needed to create MERS on behalf of Fannie Mae, Freddie Mac, Bank of America, JPMorgan Chase and several other large banks,” according to an investigation by Reuters. . .
(Excerpt) Read more at firstlook.org ...
Banker Gangster. Who’da guessed?
Next stop Supreme Court of the United States
Does it matter? The court is bound to find that both flags are racist.
If I were JW or somebody, I’d be filing an ethics complaint re: his license to practice for lying, racism, unequal application of the law, conspiracy, and other criminal acts that resulted in the deaths of American Citizens.
Gee...no comment from the idiot OWS gang?
Was there going to be any other way? This just shows the duplicity of these clowns. They operate under the guise that they are serving you, but they only strive to serve themselves.
FReepers keep telling me the banks did nothing wrong and it was all Barney Fwank’s fault.
Holder to ‘Cool Off’ for 19 Months at Covington: What That Means: Former AG’s next steps will be to navigate ethics rules, build practice.
So much for any semblance of ‘Progressive Principles’. LOL
It’s all about the Benjamins (or Woodrow Wilsons)
Holder didn’t have time to prosecute financial institutions. He was too busy looking for racism, real or imagined, under every rock. Looks like his successor is following in his footsteps in that regard. It’s a lot easier to accuse police officers of racism than it is to prosecute lenders. No need to go through any financial documents.
*snort*
Holder is nothing more than protection racket “chit” held by this company. He is their own “Get Out of Jail Free” card in this corny capitalist cabal of banks too big to fail. Cheap protection money to make sure FedGov does not investigate.
From a historical perspective, the failure to prosecute any of the people who knowingly brought about the financial crisis because they were going to personally profit from it, will be seen as one of the major lasting scandals of this administration.
Holder's law firm, Covington & Burling, has represented a number of terrorist detainees housed at Guantanamo. Many of Holder's official actions as attorney general were aimed at moving these terrorists from military jurisdiction to the federal courts. I believe the plan is for Covington & Burling to sue the United States on behalf of these clients for false imprisonment, torture, etc. and gain millions.
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