This article: Why contempt case against Holder may be doomed - CNN.com Does a good job of laying out the situation and what most is most likely to happen. I am sure this will devolve into a food fight, but it's hard to argue with the facts laid out in the above opinion piece:
Well when I see CNN correct on an issue, I'll be shocked. Look these guys tried to get the contractors on laying off on Jan2, and they are giving notice on Nov 2, so it has to be political. Ooops, the LAW requires them to give 60 days notice and they were STUNNED to learn this. And guess what 60 days notice is? yep Nov 2. I love it.
Both sides are playing politics with the issue, but who prompted this confrontation? That's right. Issa.
Leading up to and following the 2010 elections, Issa was giddy at the chance of going toe-to-toe with Obama, whom he called “one of the most corrupt presidents in modern times” in an interview with Rush Limbaugh in October of that year. A month later, he walked back the claim. “If I had to do it over again, I’d have parsed my words a little more carefully,” Issa told CNN’s Situation Room. “Do I think the president is personally corrupt? No. I should never have implied that.” That big bravado followed by small payoff would prove typical of Issa’s chairmanship. Four days after the 2010 election, Issa declared he would hold hundreds of hearings over the next two years: “I want seven hearings a week, times 40 weeks.” That works out to 280 hearings a year. Issa finally gets his trophy - Salon.com
This boils down to whether or not Holder knew about F&F and whether or not people in the WH knew. In Holder's case, either he did know and is now lying about it and trying to cover it up, or he didn't know but should have. I think both he and the WH did know but tried to hide it. Which is one reason why Obama has cited executive privilege.
Holder perjured himself before Congress. Congress subpoenaed F&F documents Holder THEN wants to plead the 5th. PROBLEM: He ALREADY testified! President claims Exec Privilege. Q: How do you change your already sworn testimony to pleading the 5th? Plus. Why did Holder retract his claim that the Bush Admin had done the same thing?