Eric Holder, Wall Street Double Agent, Comes in From the Cold

BY MATT TAIBBI at Rolling Stone

Eric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington Burling. The former attorney general decided against going for a judgeship, saying he’s not ready for the ivory tower yet. “I want to be a player,” he told the National Law Journal, one would have to say ominously.

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 – waskept empty for him in his absence.

The office thing might have been improper, but at this point, who cares? More at issue is the extraordinary run Holder just completed as one of history’s great double agents. For six years, while brilliantly disguised as the attorney general of the United States, he was actually working deep undercover, DiCaprio in The Departed-style, as the best defense lawyer Wall Street ever had.

Holder denied there was anything weird about returning to one of Wall Street’s favorite defense firms after six years of letting one banker after another skate on monstrous cases of fraud, tax evasion, market manipulation, money laundering, bribery and other offenses.

“Just because I’m at Covington doesn’t mean I will abandon the public interest work,” he told CNN. He added to the National Law Review that a big part of the reason he was going back to private practice was because he wanted to give back to the community.

“The firm’s emphasis on pro bono work and being engaged in the civic life of this country is consistent with my worldview that lawyers

Originally appeared at: http://davidstockmanscontracorner.com/eric-holder-wall-street-double-agent-comes-in-from-the-cold/

Eric Holder, Wall Street Double Agent, Comes in From the Cold is a story from: BitcoinWarrior.net

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