Newsweek - On Covington & Burling/ Eric Holder
Why Can't OBAMA Bring WALL STREET To Justice? May 14, 2012 excerpt Obama delivered heated rhetoric, but his actions signaled different prioities. Had Obama wanted to strike real fear in the hearts of bankers, he might have appointed former special prosecutor Patrick Fitzgerald or some other fire-breatheras his attorney general. instead, he chose Eric Holder, a former Clinton Justice official who, after a career in government, joined the Washington, joined the Washington office of Covington & Burling , a top-tier law firm with an elite white collar defense unit. The move to Covington, and back to Justice, is an example of Washington's revolving door ritual, which, for Holder, has been lucretive- he pulled in $2.1 million as a Covington partner in 2008, and $2.5 million (including deferred compensation when he left the firm in 2009.) Putting a Covington partner- he spent nearly a decade at the firm- in charge of Justice may have sent a signal to the financial community, wh