Extemporaneous musings, occasionally poetic, about life in its richly varied dimensions, especially as relates to history, theology, law, literature, science, by one who is an attorney, ordained minister, historian, writer, and African American.
Friday, September 26, 2014
THE BIGGEST ECONOMIC CRIME IN AMERICAN HISTORY
THE BIGGEST ECONOMIC CRIME IN AMERICAN HISTORY
There are those who would sully the legacy of Eric Holder, U.S. Attorney General, by suggesting that his legacy is compromised, or destroyed, by his failure to prosecute the corporate perpetrators of the "biggest economic crime in American history": the mortgage meltdown of 2008-2009. That is incorrect and untrue. Tens of billions of dollars were recouped by AG Holder from the bankers who defrauded us, which matters more to me, than some crook going to jail, since I was paid!
During his administration, black farmers also received a $1.2 billion settlement for discriminatory lending practices, and mistreatment by Agriculture department employees.
What is more, however, "The biggest economic crime in American history" was not the mortgage meltdown. Instead, it was, and yet is, the unrequited toil from the enslavement of African people from 1789 to 1865; and the denial of their social, economic, and political rights, powers, and privileges, from 1866 to the present day! That is the "biggest economic crime in American history," which too few of blacks or their liberal friends readily recognize!
So, although I will readily concede the presence of my pro-Holder bias, as a former Assistant U.S. Attorney, that concession also lends credence to my assessment of AG Holder as the greatest such in American history, based not only on his record of sterling achievements, in light of the withering political opposition that he faced, but his visceral determination to assure that the nation adhered to its constitutional and legislative creed--no mean feat, as I was in a strategic place to know!