Eric Holder didn't send a single banker to jail for the mortgage crisis. Is that justice?

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Eric Holder didn’t send a single banker to jail for the mortgage crisis. Is that justice?

Eric Holder didn’t send a single banker to jail for the mortgage crisis. Is that justice?

US attorney general’s tenure has proven unhelpful to the five million victims of mortgage abuses in the US


The Guardian-

The telling sentence in NPR’s 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.”

A large chunk of Covington & Burling’s corporate clients are mega-banks like JP Morgan Chase, Wells Fargo, Citigroup and Bank of America. Lanny Breuer, who ran the criminal division for Holder’s Justice Department, already returned to work there.

In March, Covington highlighted in marketing materials their award from the trade publication American Lawyer as “Litigation Department of the Year,” touting the law firm’s work in getting clients accused of financial fraud off with slap-on-the-wrist fines.

[THE GUARDIAN]

image: Jason Reed/Reuters

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