share equally in putting stupid

image…DEMOCRATS share equally in putting stupid people in responsible positions…

Democrats Put Eric Holder, Best Friend of Wall Street Banks, in Charge of Winning Back Main Street America

Holder was a "double agent" for high finance while serving as America’s top cop.

By Steven Rosenfeld / AlterNetSeptember 1, 2017, 1:45 PM GMT  …The Democratic Party has put a man who favors Wall Street over Main Street in charge of overseeing its plan to retake red state America and a U.S. House majority.

 

Eric Holder, the former U.S. Attorney General, is the chair of the National Democratic Redistricting Committee, which promises to unfurl “a targeted, state-by-state strategy that ensures Democrats can fight back” when the political maps are drawn for U.S. House and state legislative races for the decade of the 2020s.

But Holder’s tenure at the Justice Department did little to help millions of Americans who lost their homes in the 2008 financial crash, when a speculative bubble fueled by the real estate industry and mortgage banks resulted in waves of foreclosures across the U.S. His prosecutors never put a single bank executive in jail. His touted financial fines ended up becoming corporate tax write-offs. The payments to those who never should have lost their homes amounted to two months rent, if they were received at all.   

In the aftermath of an election where Hillary Clinton, rightly or wrongly, was pilloried for her connections to Wall Street titans, the Democrats have put a much more deeply entwined friend of big banks in charge of winning elections across middle America.

“Holder just completed [a run] as one of history’s great double agents,” wroteMatt Taibbi in Rolling Stone this July. “For six years, while brilliantly disguised as 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.”

Taibbi’s profile of Holder traces how the banks that were called “too big to fail” as the financial markets collapsed were run by executives who became “too big to jail” under his watch at the Justice Department. Holder is back at his prior law firm, Covington & Burling, one of Washington’s top corporate law firms, where he is a partner.

“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,” Taibbi wrote.

Instead, Holder has repeatedly said he will continue public interest work while back in private practice. Indeed, as attorney general, the Department was very aggressive in defending voting rights and civil rights. But, as David Dayen pointed out in a Guardian report that reviewed Holder’s record after he left office, “he was bad on press freedom and transparency.” That refers to the DOJ chasing whistleblowers such as Edward Snowden, who exposed domestic spying by U.S. intelligence agencies.

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