Originally posted on Fortune:
“That area of his record is terrible,” says Robert Weissman, president of the progressive nonprofit, Public Citizen.
Weissman is criticizing U.S. attorney general Eric Holder for his “utter failure to prosecute any [major] institution or person for the events that led to the financial crisis and all the ensuing social devastation.”
Holder announced yesterday that he’ll step down from the post he’s held since 2009 as soon as the president appoints a successor,
The popular vein of criticism being voiced by Weissman, and encapsulated in the phrase “too big to jail,” is the albatross that threatens to weigh down Holder’s legacy in the business realm.
It’s more than just a cheap shot leveled by people that don’t really understand the fine points and technicalities of the criminal justice system. U.S. District Judge Jed Rakoff, a former chief of the business fraud unit of the Manhattan U.S. Attorney’s Office, published a…
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