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Eric Holder Angered Wall Street Banks, and Their Critics

Eric Holder in Washington in 2000
Eric Holder in Washington in 2000Photograph by Harry Hamburg/NY Daily News Archive via Getty Images

Eric Holder’s time as attorney general will be remembered for many things, most recently his forceful response to the upheaval that followed a police shooting of an unarmed black man in Ferguson, Mo. On Wall Street, however, he will always be the guy who extracted billions of dollars in settlements from banks.

As he has been hinting for several months, Holder intends to resign his post as attorney general, although he plans to remain in office until his successor is fully in place. “Attorney General Holder has discussed his plans personally with the president on multiple occasions in recent months, and finalized those plans in an hour-long conversation with the president at the White House residence over Labor Day weekend,” according to an official at the Justice Department who was quoted in news reports.