Ever wonder why none of the people responsible for the ethically questionable home foreclosures that occurred in the wake of the collapse of the housing bubble haven't been prosecuted by Eric Holder's Justice Department? Well, so have lot's of other people wondered about that very thing, and maybe now we have some clue as to why there's been no interest in investigating the banks that foreclosed on the hapless souls who found themselves unable to make their mortgage payments.
It turns out that many of the big banks which were engaging in these questionable foreclosure practices were represented by a Washington law firm, Covington and Burling, which numbered among its law partners none other than the aforementioned Mr. Holder and his lieutenant Lanny Breuer. It's certainly good to have connections in the Justice Department if you're a big bank engaging in dubious behavior.
It may be hard to believe, on the other hand, that a man of the probity and rectitude Mr. Holder is known to possess would have looked the other way rather than prosecute his former clients, so perhaps there's more to the story. In any case, I wonder if the media will exert themselves as strenuously to ignore this matter as they've exerted themselves to ignore the Fast and Furious scandal.
