Eric Holder, Enforcer for “Too Big to Jail” Banks

Meet the man whose job it is to protect the biggest criminals in the world.

Eric_Holder_official_portrait

In a 1999 memo entitled “Bringing Criminal Charges Against Corporations,” written when he was deputy U.S. attorney general, Eric Holder argued that government officials could take into account “collateral consequences” when prosecuting corporate crimes.

That memo has resurfaced at a time when Holder, now U.S. attorney general, faces increasing criticism for the Department of Justice’s reluctance to bring charges against white-collar criminals.

“There’s all kinds of problems with the applications of this policy which began with the Holder memo and got more formalized,” said John Coffee, a law professor at Columbia University and an expert in white-collar crime. “You are going to send a message that we don’t really care significantly about misconduct within those institutions.”

Although it brought only a modest change in the way prosecutors evaluate whether to bring criminal charges against corporations, Holder’s memo laid the groundwork for subsequent policies that allowed for more leeway when going after large firms, Coffee said.

Adora Andy Jenkins, a Justice Department spokeswoman, wrote in an email to The Huffington Post that under Holder’s leadership, “this Justice Department has stood firm in our approach that no person and no corporation is above the law.”

In 1999, Holder highlighted the possibility of deferred prosecution — an arrangement now common in the wake of the financial crisis — whereby prosecutors essentially give defendants amnesty in exchange for paying a fine, enacting reforms and cooperating with investigators. But later officials published further memos, turning the option into more of a recommendation, Coffee said.

Amazing to see this published in HuffPo, yet because he protects the current Progressive Messiah, they still won’t call for Eric Holder’s head.

Face it: The biggest organized crime syndicate in the world is run out of Washington DC, with two major factions: Republicans and Democrats.

As long as we’re comfortable with the crumbs our masters throw from their tables in the form of various government subsidies and checks (bought with our own money!), we should have no complaints about our slavery, and the moral bankruptcy of our leadership.

Leadership mirrors those who put them there.