Eric Holder: Mafia shakedown artist

Greedo909

Veteran XV
Pretty much explains why Holder refused to prosecute criminal bankers. Why prosecute, when you can allow criminals to make trillions off their crimes as long as part of that money is funneled back to the government. Hilarious that Obama and Holder try to portray these out of court settlements as being vigilant against corporate crime and corruption, when they are actually just joining in on the crime.

Holder's Victims: 812 Settlements, $156 Billion in Penalties

Eric Holder's preference for settling cases out of court over locking up executives is well established. Holder is said to personally intervene in the most high-profile cases.​ According to Charlie Gasparino, the CEO of JP Morgan, Jamie Dimon, once likened dealing with Eric Holder's Justice Department to "dealing with the mafia." (JP Morgan has agreed to more than $26 billion in settlements with the current Justice Department.) Companies often tell their shareholders that even as they are not admitting to any guilt, reaching a settlement was simply the easiest way out of the mess.
 
It isn't quite as bad as giving yourself a fine and transferring money from one of your bank accounts to another, but those banks know the government will bail them out if the screw up.

It becomes a cost in doing business, there are corporations that pay millions in fines daily so they can make billions.
 
Just listened to the show and some of the recordings... yeah its nice, but hardly a bombshell. It's basically the experience of one examiner (out of how many thousands?) and her struggle with one or two incompetent upper management types. You can assume it's systemic, but it's also evident that the fed is aware of it and has at least attempted to put policies in place to encourage people to speak up and stand by their professional opinions even if their bosses disagree.
 
Dimon and the other Chase cronies should be rotting in prison--but thanks to Holder's refusal to prosecute, Chase actually made more money off of the settlement deal than they were fined and Dimon received a 74% raise. gg fascism

The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare | Rolling Stone

Instead, the government decided to help Chase bury the evidence. It began when Holder's office scheduled a press conference for the morning of September 24th, 2013, to announce sweeping civil-fraud charges against the bank, all laid out in a detailed complaint drafted by the U.S. attorney's Sacramento office. But that morning the presser was suddenly canceled, and no complaint was filed. According to later news reports, Dimon had personally called Associate Attorney General Tony West, the third-ranking official in the Justice Department, and asked to reopen negotiations to settle the case out of court.

It goes without saying that the ordinary citizen who is the target of a government investigation cannot simply pick up the phone, call up the prosecutor in charge of his case and have a legal proceeding canceled. But Dimon did just that. "And he didn't just call the prosecutor, he called the prosecutor's boss," Fleischmann says. According to The New York Times, after Dimon had already offered $3 billion to settle the case and was turned down, he went to Holder's office and upped the offer, but apparently not by enough.
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While Holder was being lavishly praised for releasing Chase only from civil liability, Fleischmann knew something the rest of the world did not: The criminal investigation was going nowhere.

In the days leading up to Holder's November 19th announcement of the settlement, the Justice Department had asked Fleischmann to meet with criminal investigators. They would interview her very soon, they said, between December 15th and Christmas.

But December came and went with no follow-up from the DOJ. She began to wonder: If she was the government's key witness, how was it possible that they were still pursuing a criminal case without talking to her? "My concern," she says, "was that they were not investigating."

The government's failure to speak to Fleischmann lends credence to a theory about the Holder-Dimon settlement: It included a tacit agreement from the DOJ not to pursue criminal charges in earnest.
 
I want Holder brought up on charges the minute he steps out of office. You know he is getting out of the way now to possibly go on the Supreme Court via Obama before he leaves office.
 
Eric Holder, Wall Street Double Agent, Comes in From the Cold | Rolling Stone

:lol: Remember this guy?



Some highlights:

Holder will reassume his lucrative partnership (he made $2.5 million the last year he worked there) and take his seat in an office that reportedly – this is no joke – was kept empty for him in his absence.
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[Holder] failed to win a single conviction in court for any crimes related to the financial crisis.
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Holder famously invented a concept called "collateral consequences," under which the state could pursue non-criminal alternatives for companies if they believed prosecuting them might result in too much "collateral" damage. Britain's HSBC bank, which admitted to massive money laundering violations, and the Swiss bank UBS, which was caught manipulating the Libor interest rate benchmark, were examples of firms that escaped vigorous prosecution because Holder and his lackeys were, ostensibly anyway, concerned about market-altering consequences.
Significantly, both banks were later caught up in even more serious scandals, leading to criticism that stiffer punishments the first time around might have prevented future damage. Holder's successor Loretta Lynch was even forced to rip up Holder's UBS deal for being insufficiently punitive. It's worth noting that Holder, before he became attorney general, represented UBS at Covington & Burling.
Holder's lenient policies were deployed at a time when fellow officials like Tim Geithner and Ben Bernanke were using bailout monies to merge troubled firms together and create even larger mega-companies. Chase and Wells Fargo, which swallowed up Washington Mutual and Wachovia in state-aided takeovers, were prototypes of the modern mega-bank. So when Holder wedded "collateral consequences" to these new Too Big to Fail mega-firms, he created Too Big to Jail. This is a huge part of his legacy, the creation of an unjailable class.
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Holder also pioneered the extrajudicial settlement, striking huge deals with companies in which judges did not sign off on the agreements. The arrangement prevented pesky judges like the irksome Jed Rakoff (who voided a pair of settlements he felt were inadequate) from protesting lenient justice.
This essentially institutionalized the backroom deal. Everything was done in secret, and there was no longer any opportunity for judges or anyone else to check the power of the executive branch to hand out financial indulgences.
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You might remember the Sinaloa cartel for their ISIS-style, unforgettably upsetting torture videos. HSBC washed their cash. They even created special teller windows to make their deposits easier. This is admitted, not alleged.
But Holder went out of his way to let them keep their U.S. charter. He gave their executives a grand total of zero days in jail, zero dollars in individual fines.
To reiterate: HSBC laundered money for guys who chop peoples' heads off with chainsaws. So we can dispense with the "but no one broke any laws" thing.

When asked about this in testimony before the Senate, Holder told elected officials he was concerned harsher penalties against firms like HSBC would "have a negative impact on the national economy," and that this "has an inhibiting influence…on our ability to bring resolutions that I think would be more appropriate."
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Holder contributed countless subtle inventions to soften punishments. The most revolting in my view was allowing banks like Chase the courtesy of calling their settlements "remedial payments" instead of fines for wrongdoing.
This seemingly insignificant semantic tweak allowed the bank to call $7 billion of their settlement a business expense, which meant they could claim it as a tax deduction, which in turn meant that taxpayers like you and me paid a whopping $2.45 billion of Chase's penalty.
 
It becomes a cost in doing business, there are corporations that pay millions in fines daily so they can make billions.
Doyou even know how true that is?

Bank of America was committing one fucking million crimes a year for over five years, and they are not necessarily conforming to their I won't commit any more crimes agreement.
 
So.. does anyone remember Fast and Furious? That nigger Holder should be in Prison for this but it appears that noone gives a shit about this anymore :shrug:
 
everyone in their right mind knows that eric holder is a criminal prick face, but it won't matter if he can further their agenda, they'll be all for him, sad as it may seem.

and this is why the country is completely fucked, no coming back from it
 
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