He’s actually going to leave without even a token conviction, or even a token effort at convicting
Obama administration, and Eric Holder in particular, are known for the viciousness of their war against whistleblowers.
in the three biggest cases involving banks–again, none of them, not a single prosecution of the elite bankers that drove this crisis–all three of those cases, against Citicorp, against JPMorgan, and against Bank of America, were made possible by whistleblowers.
Eric Holder was the czar at the Department of Justice press conferences in each of these three cases, and he and the Justice Department officials, the senior Justice Department officials, at those press conferences, never mentioned the role of the whistleblowers–never praised the whistleblowers and never used those press conferences as a forum for asking whistleblowers to come forward. And so your viewers should take a look at the Frontline special on this, where the Frontline producers made clear that as soon as word got out that they were investigating the area, dozens of whistleblowers came forward, and each of them had the same story: the Department of Justice had never contacted them.
So, instead of going after the big guys–by the way, they didn’t go after the small CEOs either. I keep talking about elite CEOs, for obvious reasons: they cause far greater damage. But there are all these CEOs of the not very big mortgage banks who are not prestigious, who are not politically powerful, and Eric Holder refused to prosecute them as well.
settlements are very small compared to the damage they caused to the economy. Banks are happy and their share price increased immediately after the settlements. Fines and billions of dollar lawer fees are paid by the shareholders, not the CEOs or other senior officers.
Eric Holder is reflecting the administration policy and Treasury is far worse than the attorney general.