Attorney General Eric Holder announces resignation

President Barack Obama announced the resignation of Attorney General-Eric Holder on Thursday.

Holder will leave the Justice Department after nearly six years of leadership, and he has agreed to remain in his post until the confirmation of his successor, Obama said.

“Over the summer Eric came to me and said he thought six years was a pretty good run,” Obama said, adding that he likedHolder for the job because the outgoing attorney general thinks “justice is not just an abstract theory, it’s a living an breathing principle.”

Getty Images

President Barack Obama stands with Attorney General Eric H. Holder Jr. who announced his resignation today, September 25, 2014 in Washington.

The first African American to hold the attorney general position, Holder is one of the last few officials who have stayed in their posts since the beginning of Obama’s presidency. He is the fourth-longest serving attorney general in U.S. history.

Obama highlighted some of Holder’s achievements during his tenure, including overseeing hundreds of terror cases, the largest mafia take down in American history, and helping to “safeguard our markets from manipulation and consumers from financial fraud.”

“We could not be more grateful for everything you’ve done,” Obama said to Holder at the press conference announcing the resignation.

For his part, Holder thanked the president, saying “we have been great colleagues, but the bonds between us are much deeper than that—you have been there for me.”

Last week, Holder said in a speech that he promised to bring charges against individuals on Wall Street with evidence of criminal conduct, especially relating to the financial crisis.

Congressional Republicans have wanted to dismiss Holder for his involvement with the Fast and Furious gun operation, the IRS targeting scandal, and other high-profile controversies.

A New York City native, Holder became deputy attorney general in 1997 under the Clinton administration, and was U.S. attorney for the District of Columbia. He was also nominated by former President Ronald Reagan in 1988 to be an associate judge of the superior court of the District of Columbia.

Comments

Newsflash: Bitcoin Price Plummets Near $11,000 in 2018-Low

Newsflash: Bitcoin Price Plummets Near $11,000 in 2018-Low Bitcoin price dropped to a 2018-low during Tuesday’s morning trading (GMT), losing over $2,300 (Bitfinex) in a 17% fall in just under 3 hours. Dampened by regulatory scrutiny in Korea, home to one of the world’s biggest crypto markets, bitcoin and other cryptocurrencies continued their descent today. After opening Tuesday’s trading near $13,500 on USD-based Bitfinex, bitcoin price settled at $13,200 at 07:00 (GMT) before a collapse that led the world’s first cryptocurrency drop to a low of $10,891 near 10:00 AM. At the time of publishing, bitcoin price is showing signs of a recovery in trading near $12,000. Coinciding with Korea’s regulatory squeeze, multiple reports today have also pointed to a senior Chinese central bank official proposing a wider ban on cryptocurrency trading that would extend to both domestic and offshore trading platforms. The call for a ban includes cryptocurrency services ...

The world’s 10 riskiest sovereigns

http://isthattrue.net/wp-content/uploads/2014/07/cda382d9-fef3-4c77-bdc3-136c0c8f91c8-300x146.jpg Bosnia-Herzegovina is the world’s riskiest sovereign, according to a new model developed to calculate default probabilities, ahead of other high-risk countries such as Belarus, Ukraine and Rwanda. The model, which uses data from Euromoney’s Country Risk Survey, shows Bosnia-Herzegovina is one of the more alarming prospects with a default probability of 27.4% over 12 months. Surprisingly, the country still commands a stable B-rating from Moody’s and S&P, unlike other, similarly high-risk bonds mostly C-rated or on review for a downgrade. Still rebuilding after last year’s devastating flooding, the country’s high unemployment rate, corruption and continuing political uncertainty make it the most likely country to default on its debts. Belarus, reliant on Russian philanthropy in the absence of other creditor support to bolster its dwindling reserves and avoid a balance-of-payments crisi...

Tahirul Qadri denies connections with generals

http://isthattrue.net/wp-content/uploads/2014/07/tahirqadri_7-23-2014_154770_l-300x180.jpg ISLAMABAD: Pakistan Awami Tehreek (PAT) leader, Dr. Tahirul Qadri Wednesday said he never had connections, past or present, with any general including General Raheel Sharif. Talking to media here, he said the army does not have any role in his ongoing struggle for revolution. “Nothing can stop the revolution from coming,” he said, clarifying that ‘I am neither inviting the army nor has it any intention to come’. He ruled out holding any negotiations for the revolution and added that there is no turning back now. “We are in contact with many parties including Pakistan Tehreek-i-Insaf and Shaikh Rasheed,” Dr. Qadri told the reporters. He said only time will tell what situation emerges post revolution.

News & Updates

Search This Blog