IPFS News Link • Government
Holder Defends Record of Not Prosecuting Financial Fraud
• https://theintercept.com, Dan FroomkinAnd while I was primarily interested in hearing whether Holder regretted whiffing on torture prosecutions during his tenure (see story: Holder, Too Late, Calls for Transparency on DOJ Torture Investigation), I also asked him about whiffing on financial fraud prosecutions.
Specifically, I noted his failure to hold accountable the people responsible for the wide-scale financial fraud that led to the massive economic recession of 2007-9.
And I noted that after he stepped down from his post in April, he went back to his job at Covington & Burling, the gigantic D.C. law firm whose clients have included many of the big banks which Holder chose not to prosecute. (The reception was actually held at Covington & Burling's swanky new building downtown. While it was being built — while Holder was still attorney general! — the firm actually kept an 11th-story corner office reserved for his return. He was making over $3 million a year from the firm before his sojourn at the Justice Department, his current salary has not been disclosed.)