Guess where in the world Former AG Eric Holder is working?

February 3, 2016 — bunkerville

Former Attorney General Holder we learn, is now sitting on easy street. Buried in the story regarding Holder’s endorsement of Clinton we find where he landed. On his feet for sure. Ah, now the pieces come together. Recall a post I did in back in 2013: Eric Holder’s Kickbacks from JP Morgan- Billions go to his crony groups Want to know where the money went? Yepper, Acorn like groupies. And now? He is a White Collar defense Attorney and a Lobbyer for guess whom- Big banks, drug companies and defense contractors. Here we go:

Along the campaign trail, Hillary Clinton has called for the government to prosecute Wall Street executives who break the law, in place of the corporate settlements frequently employed by the Obama administration. “No one should be too big to jail,” the Democratic presidential contender wrote in October.

But on Wednesday, Clinton accepted the endorsement of former Attorney General Eric Holder, the man who oversaw a record decrease in white-collar prosecutions, and who inadvertently coined the phrase — “too big to jail” — which is often used to describe the Obama Justice Department’s approach to corporate crime.

Holder — who has described his Justice Department as “appropriately aggressive” — is now a white-collar defense attorney at a firm that lobbies for major banks, pharmaceutical companies and defense contractors. 

On Wednesday, he released a statement praising Clinton’s “bold plans” to improve the economy and reform gun regulations. The statement did not mention her plans to rein in Wall Street.During the Obama administration, corporate prosecutions hit a 20-year low, as numerous companies accused of crimes were allowed to enter so-called “deferred prosecution agreements.”

In 2013, when he faced questions about the Justice Department’s failure to prosecute financial executives in the wake of the financial crisis, Holder admitted being “concerned” that some financial institutions might be too large to prosecute without triggering “a negative impact on the national economy, perhaps even the world economy.”

In those settlements, companies generally admit wrongdoing and pay fines, while their executives avoid the threat of jail time. Clinton has said those agreements “should be used in limited circumstances” and not “in egregious cases of corporate crime.”

More at International Business Times

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Holder fines bank $9 Billion, guess where the fine money goes?

July 14, 2014 — bunkerville

Will someone ask Eric where are all the fines that he is collecting from banks going? I have a clue, and I will include it below in an old post. Today we hear that he has hit BNP Paribas bank with a big big fine. Maybe they deserve it. But the point is these fines are simply “walking around money” for his favorite charities such as Acorn. So here we go:

Wth a record $9-billion fine against BNP Paribas, one of the world’s largest banks, the Justice Department aimed Monday to send a clear message to bank shareholders everywhere.

“The $9 billion that’s walking out the door today is your money,” FBI Director James B. Comey said at a Monday news conference. Until shareholders hold corporate chiefs accountable for following the law, “the money will keep walking out the door.” (Better to go to Acorn)

The conviction contrasts sharply with a series of large settlements with U.S. banks linked to the financial crisis, as well as with foreign banks such as Britain’s HSBC, which was accused of widespread money-laundering violations. With no criminal components, those cases have been attacked as comparative “wrist slaps” by Sen. Elizabeth Warren (D-Mass.), among other critics. (Ed: Really Liz? A Slap?)  More at LA Times

But let us take a ride in my way back machine from an old post and let me know if this was a slap:

December 11, 2013 — bunkerville 

A little reported story rang a bell, and I headed in time: Recall JPMorgan Chase – first bank takedown by Obama? $13 Billion fine posted October 22, 2013? Want to know where the money went? Yepper, Acorn like groupies. But this is not the first extortion. Eric has been extorting money from them for years. Here’s a list of what the fines and settlements have cost JPMorgan Chase to date in the fallout of the 2008 financial crisis. Keep in mind the loans were not loans JPMorgan made, but loans they absorbed through the purchase of outside assets that were questionable.

Oct. 2013: $100 million.

Sept. 2013: $920 million

Sept. 2013: $389 million

July 2013: $410 million

January 2013 and Feb. 2012: $1.8 billion

November 2012: $296.9 million

August 2012: $1.2 billion

April 2012: $20 million

August 2011: $88.3 million

July 2011: $228 million

June 2011: $153.6 million

April 2011: $56 million

June 2010: $48.6 million

 

Rather than simply settling for the smug satisfaction of seeing some Wall Street Fat Cats get taken down a peg or two, how about getting your hands on some of the cash yourself? Hot Air tells us the facts.

It seems Attorney General Eric Holder has created a multi-million dollar backdoor kickback for activist groups in the $13 billion JP Morgan Chase subprime loan deal recently settled, WND reports.

It appears the Obama administration has a strategy for reviving subprime mortgage lending by coercing banks to fund community organizing groups that may once more put low-income families into mortgages beyond their means.

But wait… you can’t just take the penalty money and hand it out to your friends, can you? According to the breakdown from Investors.com, apparently you can.

Just when we thought its post-crisis probe of banks couldn’t get more corrupt, the Obama administration has cut radical Democrat groups in on the record $13 billion JPMorgan Chase subprime loan deal.

On Page 5 of “Annex 2″ of the recently released consent order, you’ll find this little gem: The Justice Department mandates that JPMorgan fork over any unclaimed or unpaid consumer damages to a nonprofit group that finances Acorn clones and other shakedown groups.

They stand to reap millions. The “consumer relief” portion of the deal by itself totals $4 billion.

If the government “determines that a shortfall in that obligation remains as of Dec. 31, 2017,” the agreement states, “JPMorgan shall make a compensatory payment in cash in an amount equal to the shortfall to NeighborWorks America to provide housing counseling, neighborhood stabilization, foreclosure prevention or similar programs.”

Potentially billions could be distributed to Democrat activists through NeighborWorks, a government-funded “affordable housing” group that supports a national network of left-wing community organizers operating in the same vein as Acorn.

Breakdown of fines over at USA Today

 Here is a clip that gives us the take down. October, 2013 dated.
Is Obama Admin Targeting JP Morgan For Criticizing Obama Admin & Dodd-Frank)

A tidbit below of our gal Val and Schultzy from my way back machine:

Dem. Chair Invested in Swiss Banks, Jarrett has Bermuda line of credit

July 11, 2012

Disclosure forms reveal that Democratic National Committee chair Debbie Wasserman Schultz, a member of Congress from Florida, previously held funds with investments in Swiss banks, foreign drug companies, and the state bank of India. This revelation comes mere days after the Democratic chair attacked presumptive Republican presidential candidate Mitt Romney for holding money in Swiss bank accounts in the past. H/T: Weekly Standard

White House adviser Valerie Jarrett’s recent financial disclosure form lists a line of credit from a Bermuda insurance company, according to ABC News: Now why would she need this? Anyone want to guess.

Valerie Jarrett’s financial disclosure form filed May 4 lists a line of credit from a Bermuda insurance company valued between $100,000 and $250,000.

We’ve asked the White House what exactly this mark is, and we’re waiting to hear back. … 

Jarrett is one of Obama’s closer advisers and has been with him since he was sworn in. In a lengthy New York Times profile in 2009, an Obama campaign official said that “there are two people he’s not going to say no to: Valerie Jarrett and Michelle Obama.” Washington Free Beacon

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Holder given control over State Secrets

September 23, 2009 — bunkerville

Obama to Set Higher Bar For Keeping State Secrets- New Policy May Affect Wiretap, Torture Suits. Of course they do this the Alinsky way-when all attention is elsewhere–U.N., Donald Trump’s new best friend Gadifi!

In a stunning move, Holder to be given even more control. At the same time we are arresting terrorists all over the U.S., Obama still doesn’t get it. We are at War– yes, the word he hates so much. They want to kill us! Get it?

Washington Post 
The Obama administration will announce a new policy Wednesday making it much more difficult for the government to claim that it is protecting state secrets when it hides details of sensitive national security strategies such as rendition and warrantless eavesdropping, according to two senior Justice Department officials.

The new policy requires agencies, including the intelligence community and the military, to convince the attorney general and a team of Justice Department lawyers that the release of sensitive information would present significant harm to “national defense or foreign relations.” In the past, the claim that state secrets were at risk could be invoked with the approval of one official and by meeting a lower standard of proof that disclosure would be harmful.

That claim was asserted dozens of times during the Bush administration, legal scholars said.

The shift could have a broad effect on many lawsuits, including those filed by alleged victims of torture and electronic surveillance. Authorities have frequently argued that judges should dismiss those cases at the outset to avoid the release of information that could compromise national security.

The heightened standard is designed in part to restore the confidence of Congress, civil liberties advocates and judges, who have criticized both the Bush White House and the Obama administration for excessive secrecy. The new policy will take effect Oct. 1 and has been endorsed by federal intelligence agencies, Justice Department sources said.

“What we’re trying to do is . . . improve public confidence that this privilege is invoked very rarely and only when it’s well supported,” said a senior department official involved in the review, who spoke on the condition of anonymity because the policy had not yet been unveiled. “By holding ourselves to this higher standard, we’re in some way sending a message to the courts. We’re not following a ‘just trust us’ approach.”

http://www.washingtonpost.com/wp-dyn/content/article/2009/09/22/AR2009092204295.html?hpid%3Dtopnews

Posted in Obama. Tags: , , , , , , , , , , , , . 4 Comments »