REVEALED: CORZINE’S MF Global Was Client of Eric Holder’s Law Firm / By Wynton Hall / breitbart.com
Those wondering why the DOJ has refused to go after Jon Corzine for the vaporization of $1.6 billion in MF Global client funds need look no further than the documents uncovered by the Government Accountability Institute that reveal that the now-defunct MF Global was a client of AG Eric Holder and Asst AG Lanny Breuer’s former law firm, Covington & Burling. There’s more. Records also reveal that MF Global’s trustee for the Chapter 11 bankruptcy retained as its general bankruptcy counsel Morrison & Foerester—the very law firm from which Associate AG Tony West came to DOJ. And more.
As GAI President Peter Schweizer explains in the Washington Times Thursday, the trustee overseeing MF Global’s bankruptcy is former FBI Director Louis Freeh. At Holder’s Senate confirmation hearing Freeh served as a character witness for Holder and revealed that Holder had previously worked for Freeh. “As general counsel,” Freeh said,
“I could have engaged any lawyer in America to represent our bank. I chose Eric.”
Until now, the conventional wisdom for why Holder wouldn’t throw the book at Corzine was that Corzine is an Obama campaign bundler. Indeed, as Breitbart News reported, four of the top officials at the DOJ—Eric Holder, Thomas Perrelli, Karol Mason, and Tony West—were also big money bundlers for Obama. But the newly understood crony connections reveal conflicts of interest that extend well beyond mere political support for a common candidate—they go to a tangle of prior business dealings that further underscore the need for a special prosecutor in the Corzine case.
At least 65 members of Congress have already signed a letter to Holder requesting that he appoint a special prosecutor to investigate MF Global’s collapse and the loss of $1.6 billion. What’s more, even progressives have begun to wonder whether Holder’s Covington & Burling connection explains why the DOJ has not charged, prosecuted, or jailed a single Wall Street executive after the biggest financial collapse in American history.
As Richard Eskow of the Huffington Post recently wrote: More and more Washington insiders are asking a question that was considered off-limits in the nation’s capital just a few months ago: Who, exactly, is Holder representing? As scandal after scandal erupts on Wall Street, involving everything from global lending manipulation to cocaine and prostitution, more and more people are worrying about Holder’s seeming inaction — or worse — in the face of mounting evidence.
This isn’t going away. Both the left and the right are onto Holder’s Wall Street head fake. With the revelation of the new crony connections, the time for Eric Holder to appoint a special prosecutor in the Corzine/MF Global case is now.
Charges might include: (1) criminal tax fraud (2) deliberately misstating income, (3) filing false returns, (4) falsifying official documents, (5) intentionally mislabeling personal expenditures as business expenses, (6) utilizing funds inappropriately, (7) fraudulent use of funds for lavish personal expenditures, (8) fraudulently declaring to the IRS personal expenditures as legitimate business expenses.
If we are going to preserve the rule of law in this country or reinstate it within our financial markets it will have to be done by the Attorney Generals of our states. Congress (to include more than a few Republicrats) is awash with fraud and backdoor deals with supporters and the revolving door of Government technocrats that go from one administration to big business for big bucks and back to government again.
People have no idea how pervasive and damaging these people are to our nation and each and every one of us. The fact that Jim Johnson, Franklin Raines, and Jamie Gorelick have not been prosecuted for cooking the books at Freddie/Fannie to rake in multi-million dollar bonuses must not be forgotten and Romney should promise to appoint a special prosecutor to look into it. The truth and consequences are necessary to restore faith in our markets and laws.
The system of checks and balances no longer exist on Wall Street for the insiders and it must stop. I have heard many people opine that all of this does not impact them. They are fools. These crimes affect each and every American because these folks have defrauded the taxpayers and anyone who has an investment retirement account!