This is a day for which many of us have been waiting. Yet another (positive?) change. Woo Hoo! -LW
WASHINGTON — Attorney General Eric H. Holder Jr. will resign his post, the Justice Department said Thursday. Mr. Holder will remain in office until a successor is nominated and confirmed.
Mr. Holder, the 82nd attorney general and the first African-American to serve in that position, had previously said he planned to leave office by the end of this year.
Particularly in President Obama’s second term, Mr. Holder has been the most prominent liberal voice of the administration.
The Justice Department said Mr. Holder finalized his plans to leave in an hour-long conversation with Mr. Obama at the White House over Labor Day weekend.
Somehow, this seems very fitting . . .
Especially with the Contempt of Congress case against him.
This seems unbelievable . . . Attorney General Eric Holder actually investigating Wall Street? Will wonders never cease. -LW
The Justice Department has launched criminal fraud investigations of individuals at Wall Street firms, with the hopes of filing formal charges in the coming months, Attorney General Eric H. Holder Jr. said Wednesday.
“We are making good progress in these cases, which involve conduct that has undermined the integrity of our markets,” Holder said at New York University Law School.
The nation’s top prosecutor did not go into detail about the inquiries, but people familiar with the cases say the probes involve the possible manipulation of the $5.3 trillion global foreign-exchange markets.
At least seven banks, including JPMorgan Chase, Citigroup and Barclays, disclosed in regulatory filings last year that “various government authorities” had requested information about their trading activities. Bank employees have turned over information to U.S. authorities about the trading scheme, according to people who were not authorized to speak publicly about the ongoing investigations.
A British regulator, the Financial Conduct Authority, initiated the investigation into whether traders at various banks conspired to rig exchange rates to maximize profit and minimize losses. The probe mirrors the ongoing investigation into the manipulation of the London interbank offered rate, or Libor.
“When it comes to financial fraud, the department recognizes the inherent value of bringing enforcement actions against individuals, as opposed to simply the companies that employ them,” Holder said. “Despite the growing jurisprudence that seeks to equate corporations with people, corporate misconduct must necessarily be committed by flesh-and-blood human beings.”
The attorney general has faced unrelenting criticism for failing to bring criminal charges against any Wall Street executives in the wake of the economic meltdown. Even after the Justice Department secured multibillion-dollar settlements with JPMorgan, Citigroup and Bank of America for their role in selling faulty mortgage securities, lawmakers and financial reform advocates have questioned why individuals behind such schemes have never been charged.
Yet late last month, Bloomberg reported that the U.S. attorney’s office in Los Angeles is preparing to file a civil suit against a key figure in the housing meltdown, Angelo Mozilo. The former head of Countrywide Financial, once one of the largest mortgage originators in the country, has been accused of making high-interest, sub-prime loans to homebuyers, which contributed to the housing crisis.
Critics have accused Holder of handling Wall Street with kid gloves, a critique he fueled a year ago by telling lawmakers that some financial firms had become so large that it was difficult to prosecute them because of the potential impact on the economy. Since then, Holder has tempered that argument by stressing the need for prosecutors to work with regulators to hold institutions accountable without wrecking their entire business.
In a nod to the criticism, Holder said on Wednesday that he understands and shares the public’s frustration over the dearth of top executives being held accountable for misconduct committed at their firms. Yet in some instances, he said, it is impossible to prove a high-ranking executive who is far removed from the day-to-day operations had any knowledge of any number of misdeeds.
“In an age when corporations are structured to blur lines of authority and prevent responsibility for individual business decisions from residing with a single person, we ought to consider whether the law provides an adequate means to hold the decision-makers at these firms properly accountable,” Holder said.
Federal prosecutors, he said, need sufficient evidence of intent, proof that has often come from cooperating witnesses or whistleblowers. The False Claims Act encourages witnesses to come forward in cases where the government has been defrauded by providing them up to a third of the proceeds recovered by authorities, but the law only extends to government-funded programs.
Justice has used a powerful 1980s-era law known as the Financial Institutions Reform, Recovery and Enforcement Act, commonly called FIRREA, to reward witnesses who come forward with evidence in financial fraud cases. Awards under the law, however, are capped at $1.6 million, which Holder called “a paltry sum in an industry in which, last year, the collective bonus pool rose above $26 billion, and median executive pay was $15 million and rising.”
Holder would like Congress to update the whistleblower provision in FIRREA to increase incentives for witness cooperation, a move he said could “significantly improve the Justice Department’s ability to gather evidence of wrongdoing while complex financial crimes are still in progress.”
The Securities and Exchange Commission offers whistleblowers up to 30 percent of recovered proceeds in civil cases through a program established by the 2010 Dodd-Frank financial reform law. The agency awarded more than $14 million to one whistleblower last year for handing over information that led to an enforcement action.
“There needs to be some parity between the Department of Justice and the SEC,” said Columbia University law professor John Coffee. “You would assume that the criminal cases that Justice handles require more evidence, involve more culpability, so you need even more than 20 percent as an incentive.”
Eugene Goldman, a former SEC enforcement lawyer, said any proposal to expand bounty payments to whistleblowers would take years of review, hearings and an assessment of whether the SEC program has been effective.
“Built-in deterrents against false and reckless accusations will need to be considered, given the temptation to seek awards beyond the current caps,” said Goldman, now a partner at McDermott Will & Emery law firm.
If you’ve heard of Common Law Grand Juries, but aren’t quite sure what they are or why we don’t hear about them (much) anymore, this article should help. -LW
It certainly feels like we’re on the brink of something, doesn’t it?
And Holder? Doesn’t DOJ stand for ‘Department of Obstruction of Justice’? ~ BP
July 6, 2014
by Tom Heneghan
UNITED States of America – It can now be reported that the U.S. NAZI Paperclip NSA occupation government in concert with the NAZI Paperclip dominated Opus Dei (a right wing branch of the Roman Catholic Church) is currently making physical threats against the current Catholic Pontiff Pope Francis.
Note: Both former NSA NAZI Chieftain Michael Hayden and former British Prime Minister and war criminal Anthony Blair are current members of Opus Dei.
Pope Francis is currently shutting down JPMorgan, Royal Bank of Scotland, Barclays Bank, Royal Bank of Canada, Deutsche Bank and Bank of England satellite banking activity that previously used the Vatican Bank to disguise derivative holdings and engage in money laundering.
Reference: The aforementioned banks used the satellite banking activity to use secret undisclosed trading platforms to engage in massive electronic computer-generated algorithm fraud on a nightly basis in the trading of world financial markets.
P.S. At this hour American patriot, current New York Attorney General Eric Schneiderman, is close to indicting current U.S. Attorney General (worldwide bank stooge) Eric Holder on charges of obstruction of justice in the matter of the cover up of JPMorgan’s role in the B&P financial scandal.
In closing, the worldwide banking cartel is within days of total collapse as recollateralization of derivatives is no longer operative.
There is NO liquidity left with proprietary accounts facing massive margin squeezes.
British Humewood is broke with Aneko Credit, the current Pope and Vladimir Putin holding all the cards.
It is time!
Gee, Hillary had her problems, too. Fear has a way of doing that. Get over it. You’ll need to be at your best when you’re tried for crimes against Humanity in front of a non-corrupt judge of the People’s choosing.
As someone on Facebook remarked, “I guess he received his ‘cease and desist’ order.” ~ BP
U.S. Attorney General Eric Holder was hospitalized Thursday after experiencing faintness and shortness of breath.
Holder is in “good condition” and is “alert” and talking with his doctors, Justice Department Director of Public Affairs Brian Fallon said in a statement:
During his regular morning meeting with senior staff, the Attorney General began experiencing symptoms including faintness and shortness of breath. As a precaution, the Attorney General was taken to MedStar Washington Hospital Center to undergo further evaluation. He is currently resting comfortably and in good condition. He is alert and conversing with his doctors. Additional information will be provided as it becomes available.
This is developing… Check back for more…
And take a look at this. Darn right he’ll be stepping down—but not by choice!
You know, it really irks me that somehow they always manage to bring in the Democrat vs. Republican aspect of everything that happens in this country. Give me a break!
They’re all the same party—bought and paid for by the cabal—designed to make Americans think they actually have a choice, through elections designed to make Americans think they actually have a say in who is elected by the rigged electronic voting machines. Same in Canada. ~ BP
Reports: Eric Holder is Stepping Down
Holder has been held in contempt of Congress for his role in the Fast and Furious scandal which left weapons in the hands of Mexican drug cartels and one border patrol agent, Brian Terry, dead. The contempt charge stems from Holder’s unwillingness to cooperate in the investigation before being cloaked in a flimsy pretense of executive privilege.
Holder’s Justice Department has been linked to corruption from the moment Holder entered the office. One of the first acts by the new Attorney General was to drop the case of two Black Panthers who intimidated white voters outside a voting station in Philadelphia in the 2008 presidential election. Holder’s Justice Department dropped the case during the sentencing phase.
It has been a rocky ride for Holder, but an even rockier ride for Americans who, perhaps naively, looked to the Attorney General to uphold the rule of law in America.
Ironically, I started writing an article about Guantanamo Bay last week which will flesh out this story. I will publish it here soon. “Enhanced interrogation?” We’ll talk about that.
The cabal can’t control the newspapers like they do TV, and Alex Jones shared on April 18th with Dr. Steve Pieczenik that on that fateful day, April 15th…
“Mr. Patriot Games”, a special-op government insider, Steve Pieczenik talks with Alex Jones. The same day a breaking story about Barack Obama and George W. Bush being gone after for Gitmo, War Crimes, and Crimes Against Humanity hit the back burner. TSA, DHS, and the bankers stealing trillions has to have some sort of sideshow to distract the public. If the Boston Bombing had not occurred, would the world be talking about the prosecution of Obama and Bush for War Crimes?
How convenient for war criminals that Boston Bombing happened right? Is it too convenient and was it officially staged? Would Obama and Eric Holder order a special CIA type operation to terrorize the public to distract us from the real developments. We are under armed international banker occupation. Wars are their salvation. Peace is ours.
Don’t let liars take out the US Constitution. It should remain intact, all of it. Don’t let outsiders wreck our country or any other sovereign country.
US Attorney General Eric Holder and Barack Obama are accessories to murder for the ATF “Fast and Furious” program to get guns from US gun shops to end the Second Amendment. It is an illegal operation for US tax dollars to be used to get guns into the hands of Mexican Drug Gang Cartels.
State Police lie everyday to collect revenue, confiscate property, officially kidnap your kids, to break up marriages, to end small business, the outspoken and to further international organized crime. [My letter to Connecticut Governor Dannel P. Malloy].
[The Police State] began pre-9/11.
Text with Infowars, Alex Jones video:
Published on Apr 18, 2013
[The Unintended Consequences of the Boston Massacre]
THE SPECIFIC INDICTMENT of Bush Jr/Obama/CIA/US Military “Torture of 9/11 Prisoners” at GITMO—FINALLY CONFIRMED as a “WAR CRIME”– Equivalent to Prosecuted Nazi War Crimes and the Torture/ Internship Of Japanese Americans During WWII.
Nothing beats a sensational front page news story like a Boston Marathon Massacre! Most readers would miss the incidental but far more serious implication for the moral compass of America than the NY Times story by Scott Shane, entitled, “U.S. Practiced Torture After 9/11, Non Partisan Review Concludes”. (posted earlier)
In this article, both Asa Hutchinson [Republican/Bush Jr Administration] and James R. Jones [Democrat, Congress] indict the interrogation and tortures committed by Presidents Clinton [Rendition], Bush Jr [full menu of tortures], Obama [Bush Jr in Black Face].
In essence, this bipartisan report, along with 6,000 pages of still classified docs IMPLICATES THREE ADMINISTRATIONS of INTERNATIONAL WAR CRIMES—RENDITION, TORTURE, ENHANCED INTERROGATION.
What does this mean in the midst of our frenzy to find ‘supposed terrorists’ of the Boston Marathon Massacre?
It means that, as I have previously repeated time and time again, we have had and still have Presidents who have willingly committed acts of International War Crimes Punishable by Death and / or Life Imprisonment.
Furthermore, to make matters even worse, the extensive investigations showed that the abominable, criminal activities of interrogation, torture, water boarding committed by the CIA, US military, US mercenaries and sanctioned by three presidents were like the wars themselves- totally useless.
In short, the USA is GUILTY of COMMITTING USELESS WAR CRIMES!!!
Have I, an experienced counter –terrorist expert with thirty years experience who had never had to touch even one detainee, let alone
torture or ‘interrogate’ anyone, suddenly had a fit of righteous indignation or just decided to vent his RELENTLESS FURY for UNREPENTANT SINS of our THREE PRESIDENTS and their MINIONS?
The answer lies not in the headlines nor in the hysterical media distractions of a tragic occurrence which I might have been able to predict (I think Patriarch did predict this), had I known beforehand that this report would come out on the same day as the BOSTON MARATHON.
That’s right! You’ve got it! Once again, Obama in concert with FEMA, CIA, FBI, and other National Security minions—the usual ‘choir boy suspects’—decided to OFFER A DISTRACTION. https://stevepieczenik.com/