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Just How Much Money IS Eric Holder Getting Paid Under The Table To Look The Other Way?

Friday, February 7, 2014 13:01

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(Before It's News)

TND Guest Contributor: Dave Kranzler |

Many of you probably do not recognize the name, Eric Holder. He’s the Obama-appointed head of the Justice – or rather, “Justice” – Department. He’s the scoundrel who penned the Marc Rich pardon letter signed by Clinton on his way out of the White House for the last time (and on his way to Denise Rich’s 5th Avenue apartment for his “fee” to sign the letter). Marc Rich was the wealthy commodities trader who didn’t think he should pay taxes so he fled to Switzerland to avoid enforcement of the law. I guess Eric Holder didn’t thinks so either.

Most of you do know that, despite a rapid acceleration in Wall Street criminality and fraud, the Eric Holder/Obama Justice Department has seen a precipitous drop in financial crime prosecutions compared to the Bush years. Hard to believe this is the same presidential candidate who promised to clean up Wall Street and Capitol Hill.

This one may well take the gold medal for examples of just how corrupt system has become:

Gangster Bankers: Too Big To Jail

I guess instead of “hope and change,” if Obama were running for a 3rd term his new marquee campaign slogan would be: “Pay us to commit the crime and don’t do any time.” I stand by my prediction in 2008 that Obama’s presidency would go down in history as being even more despised by the public than his predecessor’s. Judging from his approval ratings my call is looking pretty solid.

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About Dave Kranzler

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my blog, “The Golden Truth” and Seeking Alpha.

As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.