Former U.S. Attorney General and Loretta Lynch predecessor, Eric Holder, has reaped the rewards of the so-called revolving door between Wall Street and Washington, D.C., ever since his tenure as AG ended last year.
Born in the Bronx in 1951, Holder got his start with the NAACP Legal Defense and Educational Fund in 1976. And now, after over thirty years as an appointed government official, he lives high on the hog, still in Washington, D.C., worth $11.5 million.
Prior to Holder’s time as Attorney General, while serving as Deputy Attorney General of the United States, he simultaneously earned a paycheck as a partner at Covington & Burling, LLP – the most monstrous law firm in the district, home to over 500 attorneys.
Holder now serves again as partner at the Wall Street-affiliated firm.
According to the Washington Post, he felt he was “coming home” when he returned to Covington after his six years as U.S. Attorney General.
And there’s no doubt he has come home to high praise and status at his old firm.
Thanks in part to Holder’s station as U.S. Attorney General, Covington & Burling’s FCPA practice (anti-foreign corruption practice) was given the premier distinction of being named among Washington D.C.’s “elite” by the Global Investigations Review on August 22.
Holder was recently admitted to the NAACP Legal Defense and Educational Fund’s National Board of Directors, according to his firm’s website.
According to Covington & Burling’s website, Timothy Hester, chair of the firm’s management committee, glows,
“It is a source of great pride to welcome Eric back to the firm after his distinguished service as attorney general. Eric’s entire private practice career has been as a Covington partner, and we look forward to the role he will again play as a colleague, leader, client adviser and advocate.”
Holder will certainly remain on the radar as long as he’s inside the Washington-Wall Street revolving door.
When questioned as to whether he would accept an appointment as Supreme Court Justice should Hillary Clinton win the Presidency, Holder jested that he would respond, “Madame President, with all due respect, you need to pick somebody who’s a) younger and b) who’s a lot more interested,” according to The Hill.
And earlier this month, Holder opined in The New York Times regarding the disparity in criminal sentencing for blacks vs. whites, and the need for reform by the Department of Justice.
According to Democracy Now, “[Holder’s] law firm’s client list has included many of the big banks Holder failed to criminally prosecute as Attorney General for their role in the financial crisis, including Bank of America, JPMorgan Chase, Wells Fargo and Citigroup.”
Holder served as AG for the Obama administration for just over six years, from 2009 to 2015, and his time as head of the Department of Justice will forever be remembered as scandalous, Holder being the only person ever to be held in contempt of Congress during Congress’ investigation of the disastrous and super-secret Operation Fast and Furious.
Operation Fast and Furious was an out of control U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE) sting operation which intentionally allowed firearms dealers to sell weapons to illegal buyers, in order to supposedly track and ultimately arrest Mexican drug cartel leaders. The sting was a huge failure and may have resulted in the guns being used at crime scenes and possibly responsible for up to 150 Mexican casualties.
During Holder’s testimony in 2012, it was believed by the House Oversight Committee that Holder lied outright to the House Judiciary Committee about having known about Operation Fast and Furious in its early stages.
Holder also refused to provide documents requested by the Oversight Committee chairman, Rep. Darrell Issa (CA-R) regarding the screw up.
Due to Holder’s potential lie and his refusal to turn over the requested documents, he was held in both civil and criminal contempt by Rep. Darrell Issa and Sen. Chuck Grassley (R-IA).
The Attorney General’s cavalier response to the distinction of being the only person ever to be held in contempt of Congress was to suggest it was only an election-year tactic by Republicans.
Holder also worked as Deputy Attorney General and U.S. Attorney for the District of Columbia during the Clinton administration, and he helped out during Barack Obama’s 2008 presidential primary campaign.
In 2014, Time magazine named Holder one of the 100 Most Influential People, for working so hard for “equal justice.”