By Lambert Strether of Corrente.
More precisely, announces plans to resign when a successor is found.
All the explainers on Holder should include, and better lead, with a phrase like this: “Eric Holder, who prosecuted zero (0) FIRE executives for accounting control fraud in the aftermath of the Great Financial Crash, has resigned, although, disgracefully, not in disgrace.”
NPR broke the story; their reporting reads like it was extracted from a bullet list of winger culture war talking points [NPR].
Oddly, or not, NPR omitted all mention of the following criminal finance stories: the “protect the banks” mentality at Justice (the “Holder Doctrine”), the giveaway Citigroup bank “settlement”, the JP Morgan “settlement,” Holder’s professed ignorance of the FBI’s warning of an “epidemic” of mortgage control fraud, not to mention Holder’s stellar work on whacking Americans without due process on executive authority alone.
The majors are following NPR’s lead. [WaPo] maintains radio silence on Holder and criminal finance, too; they don’t even try positive spin; there’s just nothing. The Times, in their front page teaser, calls Holder a “top liberal” (how right they are) but maintains careful silence, too [New York Times], and their spandy new First Draft section is already off to the races speculating about Holder’s successor (!) [New York Times].
More radio silence on Holder and criminal finance: [Bloomberg], [Reuters], [CNN], [USA Today]. The FT, to its credit, mentions that Holder was criticized for being “too lenient,” but touts the “multibillion settlements” [FT, “US attorney-general Eric Holder to step down”]. NC readers know better. (Note on method: I’ve included only links that include significant discussion of Holder’s tenure, and not simple announcements].
“[I]t would be no surprise if he returned to the law firm Covington & Burling.” Indeed, it would not [Businessweek].
Bonus parody classic: Lanny Breuer gives an insider’s view of Holder’s Justice Department. I mean, Holder gave him a job there, right?
That’s what it’s like at Justice. That’s exactly what it’s like.
The rest of Water Cooler will be a little bit light because I had to struggle into my yellow waders and process all the material above. And to add insult to injury, Yahoo hosed my inbox, which is where I send myself links I want to use. I would have thought the NSA already had all my stuff, including the 50,000 unread messages, but maybe not!
A fine explainer on the whole Middle East “the frenemy of my frenemy is my frenemy” thing from Jack Shafer [Bloomberg]. Maybe just like with ObamaCare we had to pass the law to find out what’s in it, with ObamaWar we have to start a war to find out who our enemies are.
UPDATE (via RS):
— gonzomarx (@gonzomarx) September 25, 2014
The Times tactfully says that Khoristan — you remember Khoristan? The reveal last week by James Clapper? W-a-a-a-y worse than ISIS ZOMG?!?! — has “avoided the spotlight” [Times]. Or maybe they’re “as fake as the Kardashians’ physiques” [Washington’s Blog].
Great headlines of our time: “Iraqi intelligence uncovers ISIS plot to attack US, Paris subways, PM says” [FOX]. That’s “dutifully uncovers.” Fixed it for ya. Cue the “Iraqi intelligence has learned…” jokes.
Kos inadvertently but helpfully shows that Bill O’Reilly doped out ObamaWar’s strategy, although granted, a cartoonish version thereof [Daily Kos]. Still, O’Reilly’s bullet pounds — and I know this will come as a shock to you — are standard-issue, lowest common denominator Beltway natsec kcaching-bait, starting with the mercs [Stars and Stripes]. As Atrios says, what could go wrong? [Eschaton] After all, mercenaries worked for those Roman dudes, right? Until they didn’t, but that’s just a death bet.
Jobless claims, for week ending 9/20: “[T]rending slightly and steadily lower” [Bloomberg]. Fed calls “resources” “underutilized” [WSJ]. Why don’t they track size of the labor force, or crapified jobs, and release those stats weekly?
Consumer Comfort Index, for week ending 9/21: Fell to a four-month low. Sentiment in under-$50K fell to lowest level since June. Sentiment in over-$50K rose by 2.4 points [Bloomberg].
Rapture Index remains unchanged, within 2 points of record high [Rapture Ready].
News of the Wired
- Apple pulls the iOS 8 update, after it disabled cell phone services on a ton of phones [Ars Technica]. Oopsie.
- Apple’s iPhone 6 Plus is bendy. Breaky, too. Videos! [MarketWatch]. Oopsie.
- Apple stock falls in heavy volume [Reuters]. Obviously, Apple should get out of engineering and get into finance.
- Cuomo helicopter drops $350 checks to likely voters [Politics on the Hudson]. Oh, so that’s how it works. And don’t give me that “the legislature voted on it” stuff. You’re telling me corrupt pols can’t plan a year in advance?
- Why aren’t the middle classes revolting? [Telegraph]. Remarkable for the Torygraph to ask such a question. Simple answers to simple questions: Because everything’s going according to plan.
- Blogger weaklings whinge that blogging is hard work [Times]. “I had to do a weekly post! It’s too h-a-a-a-r-d!” [snort]
- An Islamic Reformation could have a downside. “[W]e should be highly skeptical of fastening cheap philosophical fabric over things we barely understand and are in little position to control” [TPM]. Somebody replaced Josh Marshall with a pod person in 2006. I don’t want to be too optimistic, but it’s just possible that the real Josh Marshall has struggled to replace his doppelgänger, and finally succeeded. Readers?
Readers, feel free to contact me with (a) links, and even better (b) sources I should curate regularly, and (c) to find out how to send me images of plants. Vegetables are fine! Fungi are deemed to be honorary plants! See the previous Water Cooler (with plant) here. And here’s today’s plant:
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Talk amongst yourselves!