Cronyism Pays: Eric Holder Triumphantly Returns To Law Firm That Lobbies For Banks

by Mike Krieger
Liberty Blitzkrieg

Trying to determine Barack Obama’s most corrupt, crony appointee presents a virtually impossible task. Every single person he’s appointed to a position of power over the course of his unfathomably shady, violent and unconstitutional presidency, has been little more than a gatekeeper for powerful vested interests.Obama’s job was to talk like a marxist, but act like a robber baron. In this regard, his reign has been an unprecedented success.

All that said, if anyone is a top contender for the worst of the worst of the Obama Administration, it’s Eric Holder. As head of the Department of Justice, he was the one man who could’ve played an enormously positive role in American society, by punishing those responsible for creating the financial crisis that destroyed tens of millions of lives globally. Instead, he chose to actively protect the financial oligarchs and ushered in a tragic new era for these United States. One in which the world suddenly realized that the U.S. is little more than a glorified oligarchy. Essentially an aggressive Banana Republic armed with nuclear weapons and the swagger of a third world dictator.

Holder’s list of failures and evidence shameless cronyism are virtually endless. I’ve covered many of them on this site. Here are just a few:

The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally

Eric Holder Announces Task Force to Focus on “Domestic Terrorists”

Eric Holder and the DOJ Have Spent Millions of Taxpayer Dollars on Unreported Personal Travel

Elizabeth Warren Confronts Eric Holder, Ben Bernanke and Mary Jo White on Bankster Immunity

Even Washington D.C. Insiders Admit Eric Holder is a Bankster Puppet

Eric Holder Claims Emails Using Words ‘Fast and Furious’ Don’t Refer to Operation Fast and Furious

For all his hard work protecting and coddling criminal financial oligarchs, Eric Holder was always going to be paid handsomely once he left office. That time has come. From the Intercept:

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.

 

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.

 

The Department of Justice under Holder not only failed to pursue criminal prosecutions of the banks responsible for the mortage meltdown, but in fact de-prioritized investigations of mortgage fraud, making it the “lowest-ranked criminal threat,” according to an inspector general report.

 

When the firm moved to a new building last year, it kept an 11th-story corner office reserved for Holder.

For all intents and purposes, he never really left Covington. He just took a sabbatical to protect the banksters for a few years.

Holder is set to become among the highest-earning partners at the firm, with compensation in the seven or eight figures.

Of course, Mr. Holder is not the only shameless crony to join Covington. It seems the firm almost makes a point to hire the most compromised, Washington D.C. parasites they can find. As the New York Times noted:

Covington already employs a number of former Justice Department officials, including Lanny Breuer, the former assistant attorney general for the department’s criminal division under Mr. Holder; Mr. Breuer’s successor, Mythili Raman; and Michael Chertoff, a former assistant attorney general and secretary of Homeland Security.

History shows that Breuer wouldn’t challenge bankers if they threw his own mother out on the street. Meanwhile, Chertoff is famous for trying to make a fortune by scaremongering the American taxpayer intobuying his worthless Rapiscan naked body scanners.

Moving along, let’s try to look on the bright side. With Holder gone, his replacement couldn’t possibly be worse, right? Wrong.

Recall: Meet Loretta Lynch – Obama’s Attorney General Nominee Who Might be Even Worse than Eric Holder

Now I’d like to say farewell to Eric Holder the only way I know how…