Read

User menu

Search form

The Calls to Fire Eric Holder Should Worry Wall Street

The Calls to Fire Eric Holder Should Worry Wall Street
Tue, 6/4/2013 - by Jon Ogden
This article originally appeared on Too Big Has Failed

There’s recently been a sharp increase in the bipartisan calls to fire Eric Holder, an opinion we endorse. We want the Obama administration to fire Eric Holder and replace him with someone who will prosecute Wall Street. Here we’ll show a few excerpts from the recent calls to fire Eric Holder and explain our position. First, the excerpts:

From Jonathan Turley, Professor of Public Interest Law at George Washington University:

I am neither a Republican nor conservative, and I believe Holder should be fired.

From Michael Gerson, Washington Post opinion writer:

His tenure will not be remembered for its ideological bent. At times he has displayed the legal sensibilities of a flower child. At other points, he has provided the legal justification for President Obama’s expanded drone war or pursued the broadest attack on press freedom in decades.

From Matthew Filipowicz, host of the Matthew Filipowicz Show:

I’m sorry, but I do not buy that the Justice Department is powerless. They are not powerless here. Or if they are, it is 100% by choice. Eric Holder could prosecute Wall Street for their crimes, and the fact is he has chosen not to.

That last quote mirrors our opinion. If you’ve read the details of the specific crimes on Wall Street, or if you’ve seen Frontline’s documentary “The Untouchables,” you know that some Wall Streeters deserve jail time for the actions leading up to, during, and after the 2008 crash.

Frontline’s documentary was so powerful in proving the guilt on Wall Street and Washington’s lack of action that the day after it airedLanny Breuer, the assistant attorney general, resigned. So there is clear proof that with enough public knowledge and enough public outcry over injustice, reform can happen.

What is perhaps most important, though, is that the public unites to demand that Holder’s replacement be someone who will hold Wall Street accountable.

As the links above show, we know that there are guilty players on Wall Street. We now just need someone with the political will to act on that knowledge. If Eric Holder is fired, it will at least give us that chance.

This isn’t a matter of satisfying some base desire for revenge. We don’t hold the view that all bankers are evil. We just know that if guilty Wall Streeters aren’t punished for their illicit activities in the financial crash, those activities are likely to continue over and over. It’s a matter of moral hazard, and it needs to be addressed quickly—before we find ourselves in another crisis.

It’s time to fire Eric Holder and replace him with someone who will hold Wall Street accountable (someone who didn’t work for Wall Street’s law firm, Covington & Burling).

Originally published by Too Big Has Failed

 

3 WAYS TO SHOW YOUR SUPPORT

ONE-TIME DONATION

Just use the simple form below to make a single direct donation.

DONATE NOW

MONTHLY DONATION

Be a sustaining sponsor. Give a reacurring monthly donation at any level.

GET SOME MERCH!

Now you can wear your support too! From T-Shirts to tote bags.

SHOP TODAY

Sign Up

Article Tabs

The burgeoning pro-democracy, anti-Trump movement known as 50501 expects to drive tens and possibly hundreds of thousands to protest in 1,000 cities and towns on Saturday.

The only thing overshadowing the evil of the regime is its incompetence. And the people are only just beginning to realize the power we have.

It isn’t difficult to argue that Musk is likely a white supremacist obsessed with increasing the white birthrate and simultaneously killing off undesirables by cutting off their aid.

In a political earthquake last year, the populist and racist Reform Party took 4.1 million votes, coming third, against a backdrop of collapsing living standards and accelerating impoverishment.

There are multiple similarities between Trump and the British monarch when looking at the 27 grievances the framers outlined in their 1776 declaration.

The burgeoning pro-democracy, anti-Trump movement known as 50501 expects to drive tens and possibly hundreds of thousands to protest in 1,000 cities and towns on Saturday.

The only thing overshadowing the evil of the regime is its incompetence. And the people are only just beginning to realize the power we have.

A broad range of Americans are organizing a 24-hour economic boycott on February 28th to protest the ongoing actions of the Trump administration and to send a message to corporate America.

It isn’t difficult to argue that Musk is likely a white supremacist obsessed with increasing the white birthrate and simultaneously killing off undesirables by cutting off their aid.

In a political earthquake last year, the populist and racist Reform Party took 4.1 million votes, coming third, against a backdrop of collapsing living standards and accelerating impoverishment.

It isn’t difficult to argue that Musk is likely a white supremacist obsessed with increasing the white birthrate and simultaneously killing off undesirables by cutting off their aid.

Posted 1 month 1 week ago

There are multiple similarities between Trump and the British monarch when looking at the 27 grievances the framers outlined in their 1776 declaration.

Posted 1 month 2 weeks ago

A broad range of Americans are organizing a 24-hour economic boycott on February 28th to protest the ongoing actions of the Trump administration and to send a message to corporate America.

Posted 1 month 1 week ago

Over the next four years, we’re about to be inundated with a flood of lies—including from federal agencies themselves.

Posted 1 month 4 weeks ago

The grassroots opposition to President Donald Trump is hitting the streets everywhere.

Posted 1 month 2 weeks ago