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I really wouldn't want to be in Holder's shoes. I really wonder how he managed to get to this. I don't understand what kind of discussions holder and dimon had,

by jokoon 12y ago

I really wouldn't want to be in Holder's shoes. I really wonder how he managed to get to this. I don't understand what kind of discussions holder and dimon had, but all I can really understand is that they're only human. After all, all of this boiled to 2 sides negotiating like in a classic political game, and one side won, and I don't know if the good side really won... I just pity Holder for mismanaging this. Or maybe there are more horrific details we haven't heard of yet. I don't know which one is the more frightening. One only thing, it's now more than 6 years that all of this happened, and it doesn't seem really over.

winstonsmith 12y ago
>I just pity Holder for mismanaging this. Or maybe there are more horrific details we haven't heard of yet. Your pity would be misplaced; there are horrific details. A large part of the problem is that there is a revolving door between the DOJ and the law firms that represent financial firms (likewise for the SEC). Holder was assistant AG in Clinton's DOJ, then he moved to the law firm Covington and Burling where he represented the bank UBS among other clients, now he's back at the DOJ, and soon he will likely move back to the private sector where he will be handsomely rewarded for his service to the finance industry while AG. The big picture is that the Obama administration is to Finance as the Bush administration was to Oil, but for horrific details about Obama's economic team, read this: http://www.vice.com/en_uk/read/larry-summers-and-the-secret-end-game-memo http://www.vice.com/en_uk/read/larry-summers-and-the-secret-... .