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Cha

(305,224 posts)
34. About those bankers, Tarheel.. from the President's Press Conference.. Oct 6, 2011..
Sat Sep 27, 2014, 01:57 AM
Sep 2014

THE PRESIDENT: Well, first on the issue of prosecutions on Wall Street, one of the biggest problems about the collapse of Lehmans and the subsequent financial crisis and the whole subprime lending fiasco is that a lot of that stuff wasn't necessarily illegal, it was just immoral or inappropriate or reckless. That's exactly why we needed to pass Dodd-Frank, to prohibit some of these practices.

The financial sector is very creative and they are always looking for ways to make money. General's job -- I think part of people's frustrations, part of my frustration, was a lot of practices that should not have been allowed weren't necessarily against the law, but That's their job. And if there are loopholes and rules that can be bent and arbitrage to be had, they will take advantage of it. So without commenting on particular prosecutions -- obviously that's not my job; that's the Attorney they had a huge destructive impact. And that's why it was important for us to put in place financial rules that protect the American people from reckless decision-making and irresponsible behavior.


http://blogs.suntimes.com/sweet/2011/10/obama_oct_6_2011_press_confere.html

Do you think the attackers care if it was illegal or not when they rage at Holder? Right.

Here's another legacy of AG Holder's..

"Holder's Legacy: Steering Away From the Drug War and Mass Incarceration"

http://www.democraticunderground.com/?com=view_post&forum=1102&pid=25682

Remarkable Civil and Human Rights Legacy!

Eric Holder has worked through tough times, he could not wave a magic wand and fix everything Thinkingabout Sep 2014 #1
Thank you, Thinkingabout, for recognizing and appreciating what AG Holder has done! Cha Sep 2014 #2
especially on Civil Rights napkinz Sep 2014 #8
Exactly napkinz.. thank you! Cha Sep 2014 #9
when people talk about the Bush disasters, they always talk about napkinz Sep 2014 #10
I posted this to JAG the other day in AA. sheshe2 Sep 2014 #3
Wonderful addition to this Eric Holder Appreciation Thread, she! Cha Sep 2014 #11
Thanks to read otherwise on DU you would have thought he did nothing.... Historic NY Sep 2014 #36
K&R napkinz Sep 2014 #4
Thanks I have been making an OP but you beat me to it! A combination of a post on the thread that freshwest Sep 2014 #5
Well, AG Holder has done so much greatness for our country, fresh.. I Cha Sep 2014 #15
I posted this as well Cha! sheshe2 Sep 2014 #6
That made an impresson on me, too, she. ".. focus on causes like #Ferguson during his remaining days Cha Sep 2014 #13
K&R Cali_Democrat Sep 2014 #7
Mahalo, Cali! Cha Sep 2014 #19
IF they do JustAnotherGen Sep 2014 #12
... sheshe2 Sep 2014 #14
Ha ha ha! JustAnotherGen Sep 2014 #17
Snort~ sheshe2 Sep 2014 #18
Precisely, Gen! AG Holder has done more for Civil Rights than any other Cha Sep 2014 #16
Kicking for AG Holder! sheshe2 Sep 2014 #20
Thank you for your post, Cha. littlemissmartypants Sep 2014 #21
Mahalo to you, Littlemisssmartypants! Cha Sep 2014 #22
Kickity... Kick Kick Kick! sheshe2 Sep 2014 #23
Hey she.. thank you, sweetie! Here's a post from HuffPo on another of Holder's Legacies.. Cha Sep 2014 #29
I read a few lines... sheshe2 Sep 2014 #30
K & R Iliyah Sep 2014 #24
+1 Jamaal510 Sep 2014 #46
Kicketty. Kick. nt littlemissmartypants Sep 2014 #25
RFK to Obama. I like that. applegrove Sep 2014 #26
Mahalo and Bon soir, applegrove! Cha Sep 2014 #27
"Holder's Legacy: Steering Away From the Drug War and Mass Incarceration" Cha Sep 2014 #28
This is a great picture!! Major Hogwash Sep 2014 #31
Isn't it? Thanks Major! Cha Sep 2014 #32
He might not have jailed any bankers, but he sure put a bug up the ass of the racists. Tarheel_Dem Sep 2014 #33
About those bankers, Tarheel.. from the President's Press Conference.. Oct 6, 2011.. Cha Sep 2014 #34
"But he should've tried, waaaahhhh"! You know the meme. Show trials for what? So they.... Tarheel_Dem Sep 2014 #35
Thanks, Cha! Kath1 Sep 2014 #37
Our Country is lucky to have AG Holder, Kath.. we'll see who Cha Sep 2014 #38
Kicking! sheshe2 Sep 2014 #39
Hey, sheshe.. thank you! Cha Sep 2014 #40
... sheshe2 Sep 2014 #41
I know I'll miss him. bravenak Sep 2014 #42
I freakin' hear that too, bravenak, Damn. AG's Holder has done so much for our Country. Cha Sep 2014 #43
Ditto. Jamaal510 Sep 2014 #47
I missed this post JustAnotherGen Oct 2014 #48
Pic of Holder and "the swarm around" his at CBC dinner! Cha Sep 2014 #44
Eric Holder Transformed the Attorney General into an Advocate for the Poor Cha Sep 2014 #45
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