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What’s Gotten Into Eric Holder?
Posted at 8:45 a.m. on Oct. 25, 2013
Jonathan Weil: “Somehow, in the space of seven months, U.S. Attorney General Eric Holder has gone from being: 1) the defeatist law-enforcement chief who told the Senate Judiciary Committee that some banks are too big to prosecute… to 2) the crackdown artist.”
“For about five years, there were entire categories of wrongdoing by large financial-services companies that were all but deemed exempt from criminal prosecution… A crucial difference between now and when Obama took office is that the stock market has rebounded and the financial-services industry has stabilized… Even so, public anger over the lack of accountability has failed to subside, and cynicism about Wall Street’s pull in Washington has skyrocketed. The government didn’t want to be seen as giving the banking industry a pass.”