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Author Topic: "...Conflicts of interest may explain lack of DOJ Wall Street prosecutions"  (Read 1351 times)
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WhiskeyGirl
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« on: August 10, 2012, 08:41:02 PM »

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As an example, the report points to Holder's relationship with Covington & Burling, a white-shoe law firm that represents many top Wall Street corporations, including Goldman Sachs, Bank of America, Citibanks, Wilmington Trust, Deutsche Bank, NG, Morgan Stanley and UBS. Prior to his 2009 appointment as Obama's attorney general.

Holder was a Covington & Burling partner for a decade before his appointment, earning $2.1 million in 2008 and $2.5 million in 2009, according to GAI.

During Holder's partner tenure, Covington & Burling was involved in the creation of the Mortgage Electronic Registration System (MERS) that figured prominently in the robo-signing portion of the mortgage industry's multiple scandals. "MERS was intended to speed up mortgage registration and transfers, but it led thousands of bank employees to sign their names as MERS officials. In 2004, Covington wrote an instrumental opinion letter for MERS that provided the legal justification for its electronic registry," the GAI report said.

http://washingtonexaminer.com/former-tarp-ig-met-huge-huge-resistance-from-start/article/%20http:/washingtonexaminer.com/watchdog-article-conflicts-of-interest-may-explain-lack-of-doj-wall-street-prosecutions/article/2504224#.UCWBukQmZPQ

Fox guarding the hen house?

“Justice Inaction: The Department of Justice’s Unprecedented Failure to Prosecute Big Finance.” 

read more here - http://g-a-i.org/gai-report-justice-inaction-the-department-of-justices-unprecedented-failure-to-prosecute-big-finance/

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