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Eric Holder Stepping Down As Attorney General

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Wall Street lawyer turned cabinet secretary Eric Holder is stepping down as Attorney General of the United States. Holder will resign as soon as his successor is confirmed according to National Public Radio which wrote a laudatory piece on Holder that included the news. Those who spoke to NPR told them it was Holder’s decision to leave.

Holder’s tenure as Attorney General has been a tragic one. Not only has he been engulfed in partisan scandals over an incompetent gun running sting known as “Fast and Furious,” he has been under fire for attacking the First Amendment rights of the media and is widely seen as having given his friends and former clients on Wall Street a complete pass on the criminal conduct that led to the 2008 financial crisis.

Holder’s involvement with the war on whistleblowers, tracking and intimidating reporters, killing Americans without judicial review, and the abysmal failure to enforce the law against criminals in the financial services industry has left America a more divided and unjust society. Not a particularly good legacy to leave behind.

America not only saw a white collar crime wave go unpunished, but saw Holder himself announced a doctrine that has been called Too Big To Jail. Holder claimed in congressional testimony that some Wall Street banks could not be prosecuted because of their size, saying  “If you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.”

Holder made no corresponding effort to break up the banks so they could become the appropriate size for him to feel comfortable prosecuting them when they broke the law. Instead, the comment signaled to everyone that if you were big and powerful enough the Holder Justice Department was not coming after you in criminal court – which still holds true as there has not been any major prosecutions against the banks or bankers.

As Eric Holder exits the stage America remains worse off from his having been in office.

CommunityThe Bullpen

Eric Holder Stepping Down As Attorney General

{!hitembed ID=”hitembed_1″ width=”500″ height=”281″ align=”none” !}

Wall Street lawyer turned cabinet secretary Eric Holder is stepping down as Attorney General of the United States. Holder will resign as soon as his successor is confirmed according to National Public Radio which wrote a laudatory piece on Holder that included the news. Those who spoke to NPR told them it was Holder’s decision to leave.

Holder’s tenure as Attorney General has been a tragic one. Not only has he been engulfed in partisan scandals over an incompetent gun running sting known as “Fast and Furious,” he has been under fire for attacking the First Amendment rights of the media and is widely seen as having given his friends and former clients on Wall Street a complete pass on the criminal conduct that led to the 2008 financial crisis.

Holder’s involvement with the war on whistleblowers, tracking and intimidating reporters, killing Americans without judicial review, and the abysmal failure to enforce the law against criminals in the financial services industry has left America a more divided and unjust society. Not a particularly good legacy to leave behind.

America not only saw a white collar crime wave go unpunished, but saw Holder himself announce a doctrine that has been called Too Big To Jail. Holder claimed in congressional testimony that some Wall Street banks could not be prosecuted because of their size, saying  “If you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.”

Holder made no corresponding effort to break up the banks so they could become the appropriate size for him to feel comfortable prosecuting them when they broke the law. Instead, the comment signaled to everyone that if you were big and powerful enough the Holder Justice Department was not coming after you in criminal court – which still holds true as there has not been any major prosecutions against the banks or bankers.

As Eric Holder exits the stage America remains worse off from his having been in office.

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Dan Wright

Dan Wright

Daniel Wright is a longtime blogger and currently writes for Shadowproof. He lives in New Jersey, by choice.