From the Intercept:

After failing to criminally prosecute any of the financial firms responsible for the market collapse in 2008, former Attorney General Eric Holder is returning to Covington & Burling, a corporate law firm known for serving Wall Street clients.

The move completes one of the more troubling trips through the revolving door for a cabinet secretary. Holder worked at Covington from 2001 right up to being sworn in as attorney general in Feburary 2009. And Covington literally kept an office empty for him, awaiting his return.

The Covington & Burling client list has included four of the largest banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.

Covington was also deeply involved with a company known as MERS, which was later responsible for falsifying mortgage documents on an industrial scale. “Court records show that Covington, in the late 1990s, provided legal opinion letters needed to create MERS on behalf…

When C&B kept Holder’s office open while AG, did this violate 18 USC 208, an “arrangement concerning prospective employment”? @ddayen

— Bartlett Naylor (@BartNaylor) July 7, 2015

And interesting tweets:

2008 Presidential candidate McCain introduces Glass-Steagall reform, also supported by D candidates Sanders, O’Malley http://t.co/Y7VI3McOW8

— Bartlett Naylor (@BartNaylor) July 7, 2015  

Sen. McCain: “A culture of dangerous greed and excessive risk-taking has taken root in the banking world.” Calls for new Glass-Steagall. — Bartlett Naylor (@BartNaylor) July 7, 2015

Bartlett Naylor

@BartNaylor

Financial policy advocate, Public Citizen, Opinions expressed are not necessarily official. Formerly chief of investigations, U.S. Senate Banking Committee.