The Conservative Cave
Current Events => Politics => Topic started by: Chris_ on July 07, 2015, 10:52:12 AM
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Why Eric Holder’s new job is an insult to the American public
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. That’s 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, Holder’s new job looks a lot like his old job.
You could actually make a plausible argument that Covington & Burling bears responsibility for the Great Recession: In the late 1990s, Covington lawyers drafted the legal justification for MERS, the private electronic database that facilitated mortgage-backed securities trading. MERS saved banks from having to submit documents and fees with county land recording offices each time they transferred mortgages. So it’s unlikely you would have seen mortgage securitization at such a high volume without MERS, and by proxy, without those legal opinions. Of course, securitization drove subprime lending, the housing bubble, its eventual crash and the financial meltdown that followed. Though evidence pointed to MERS’ implication in the mass document fraud scandal that infected the foreclosure process, former Covington lawyer Holder never prosecuted them, and now he’s back with the old team.
Salon (http://www.salon.com/2015/07/07/why_eric_holders_new_job_is_an_insult_to_the_american_public/)
Surprise, surprise.
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Like I've always said....a lawyer in government can legally take a bribe and this is part of the bribe payoff.
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Mr. Holder,
As a Democrat, you should know your goose is fully cooked when the uber-libs at SALON of all places are writing bad things about you. :lol: :rofl: :lmao: :rotf:
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so that whole contempt of Congress charge had no negative impact on his life at all? Unbelievable how the rule of law mean absolutely nothing to obama or his minions.