On the same day that Kentucky Senator Rand Paul was filibustering the nomination of John Brennan to head the CIA over the nominee’s involvement in lethal drone strikes, Attorney General Eric Holder defended arbitrary power before the Senate Judiciary Committee.
Does Eric Holder know the law?
The A.G. said that Congress can’t prohibit killings on U.S. soil. He should re-read that statute
Eric Holder not only revealed that he believes the president has that authority anyway, but that it doesn’t really matter because Congress could not constitutionally limit such powers.
Eric Holder Admits Some Banks Are Just Too Big To Prosecute
“I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy,” Holder said, according to The Hill. “And I think that is a function of the fact that some of these institutions have become too large.”
Every once in a while, someone utters a statement that suddenly galvanizes the issue at hand. In the fable “The Emperor’s New Clothes,” Hans Christian Andersen tells of two weavers who convince the emperor that their special clothing for him is invisible only to those unworthy. When the emperor parades in front of his subjects wearing the special clothing, a child cries out the obvious, “he isn’t wearing any clothes at all.” That’s the first thing that came to my mind when I read of the US Attorney General’s words before a Senate hearing this week.
Asked why the government hadn’t pursued criminal charges in a case where a large bank admitted to money laundering for drug interests, Attorney General Eric Holder said: “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.” A senator admitted to being stunned by the frankness of the response. While Mr. Holder’s no-nonsense answer got the widespread attention it deserved, it should have resonated most loudly with silver investors, or at least with readers of this service.
More at link:
WARREN: ‘How Many Billions Have To Be Laundered For Drug Lords Before We Consider Shutting Down A Bank?’