That's how I read it. Holder and Obama will brazenly dismiss the authority of Congress. The big question is what Congress will do about it. Zero is betting they will, ultimately, do nothing, leaving Holder in place.
Holder and Obama hold the insider trading info that has the power to be more than a mere distraction if things start getting too hot. Holder will start investigating and charging members of Congress for everything from theft of government services to grand larceny.
Holder doesn’t have to produce a damn thing and Issa knows it.
The “constitutional crisis” Holder refers to is nothing less than open war between the executive branch and republican members of congress.
Obama will attempt to adjourn congress and it that doesn’t fly, he’ll have Holder start arresting them - -