THIS IS NOT A JOKE: Lanny Breuer Named Vice-Chairman Of Covington & Burling, Will Head White Collar Criminal Defense Division
How can he return to Covington if he never left?
The revolving door is wide open and Mr. No Punishment For Wall Street just walked in wearing diamonds and a fur coat. He'll be well prepared for the job, which he himself highlights below in one of the most ridiculous quotes you will ever read.
We couldn't make this shite up if we tried.
Not an Onion headline.
Breuer Returning To Covington & Burling After Four Years Of NOT Prosecuting Wall Street
After four years leading U.S. government efforts to prosecute financial crime, Lanny Breuer is returning to private practice where he’ll help expand his old law firm’s white-collar criminal defense practice.
Breuer, who this month left his job as head of the Justice Department’s criminal division, will become the vice chairman of Covington & Burling LLP, the firm he’s spent parts of 19 years with over the course of his career.
His return to private practice ends a term in which the division secured some of the largest criminal settlements in the department’s history, even as it faced criticism for not bringing cases against Wall Street executives over the 2008 financial crisis.
The 54-year-old Breuer rejoins Covington’s Washington office in a newly created role. As vice chairman, he said he plans to spearhead the development of a large practice covering white-collar defense, civil-litigation and crisis-management.
“I now have such an intuitive and nuanced sense of how the Justice Department, how the government, makes important decisions,” Breuer said in an interview yesterday at the firm’s Washington office. “I believe I can help companies and individuals act appropriately.”
Breuer has a two-year “cooling off” period where he isn’t allowed to set foot in the Justice Department or work on issues he oversaw while leading the criminal division. He said he’s allowed to advise clients on new matters and will have “an ethics officer on speed-dial” while navigating his return to Covington, the only place he’s worked in private practice.
Former Major League Baseball star Roger Clemens and former Citigroup Inc. Chief Executive Office Charles Prince are also among his previous clients, according to the disclosures.
Lawmakers also faulted him for failing to notify superiors of problems during a bungled federal gun operation known as Fast and Furious. Breuer was admonished by Holder after he acknowledged in 2011 that he knew discredited “gun walking” tactics were used in an operation prior to Fast and Furious and didn’t alert his superiors or take steps to prevent them from being used again.
This short clip is why Lanny resigned from DOJ:
Best clip from The Untouchables. Full story inside.
Full story on Breuer's resignation: