Matt Taibbi: Eric Holder Back to Wall Street-Tied Law Firm After Years of Refusing to Jail Bankers

[KoKo]

Last edited Wed Jul 8, 2015, 07:37 PM - Edit history (1)

Matt Taibbi: Eric Holder Back to Wall Street-Tied Law Firm After Years of Refusing to Jail Bankers


Published on Jul 8, 2015

http://democracynow.org - In the latest sign of the revolving door between Wall Street and Washington, recently retired U.S. Attorney General Eric Holder is returning home — to the corporate law firm Covington & Burling, where he worked for eight years before becoming head of the Justice Department. During his time at Covington, Holder’s clients included UBS and the fruit giant Chiquita. The law firm’s client list has included many of the big banks Holder failed to criminally prosecute as attorney general for their role in the financial crisis, including Bank of America, JPMorgan Chase, Wells Fargo and Citigroup. We speak with Matt Taibbi, award-winning journalist with Rolling Stone magazine. "I think this is probably the single biggest example of the revolving door that we’ve ever had," Taibbi says.

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[arcane1]

1. "Back"? He never left n/t

[KoKo]

2. HE LIVES!

[Snotcicles]

3. I like Matt Taibbi he has a very sharp mind. nt

[demwing]

4. Such an important story - pinning

thanks for this...

[Enthusiast]

5. Kicked and recommended a huge bunch!

[merrily]

6. Thanks, Koko.

Covington and Burlington was a job Holder got originally in 2001, after having served in government.

https://en.wikipedia.org/wiki/Eric_Holder

That firm uses its large number of former government employees to market itself. Its firm overview page is unusually brief--only four short paragraphs. https://www.cov.com/en/about-the-firm/firm-overview

Very prominent on the firm overview page, however, is a link to the firm's long list of professionals who worked for government. It lists them, not by what their job at Covington is, but by each of their government functions, so that, for example, Chertoff name appears more than once because he had more than one kind of government job. It's fairly clear that Covington is selling itself to clients and prospective clients as an influence peddler, as much as, or more than, it is marketing itself as a law firm.

Holder, whose face is currently on the first page of the firm's website, will be worth much more to them now than he was a just another asst AG.
https://www.cov.com/

Another example of one moving through the revolving door.

This post is largely to respond to the half truths I've already seen in GD that Holder is only going back to the job that he had before he entered government service, so what's the beef?