By Bill O'Reilly

As you may know, Mr. Holder is a very controversial guy. As the assistant Attorney General he was involved with the Mark Rich pardon where the nation's biggest tax cheat ever was granted amnesty by President Clinton.

Mr. Holder was also involved in the "Fast and Furious" gun scandal and in the IRS situation to some extent as federal agents were used to scrutinize conservatives. Finally Holder signed off on calling Fox News correspondent James Rosen a co-conspirator in a national security leak.

But so far Eric Holder has not paid any price for his dubious decisions, other than in the court of public opinion. But now that may be changing. One of President Obama's top guys said this today.

(BEGIN VIDEO CLIP)

AXELROD: I do think that there are real issues regarding the relationship with the media on this leak matter. And certainly as you guys have been talking about all morning the notion of naming a journalist as a co-conspirator for receiving information is something that I find very, very disturbing.

(END VIDEO CLIP)

O'REILLY: Now, David Axelrod would not have said that without President Obama knowing about it. So this is not a good day for Attorney General Holder.

Sunday on Fox News Brit Hume and Juan Williams got into a shootout over the Attorney General's actions involving James Rosen.

(BEGIN VIDEO CLIP)

HUME: The problem is it went to Holder and he ok'd it.

WILLIAMS: He ok'd the work of his investigator and so now as the Attorney General...

HUME: You're saying he is not ultimately responsible as the head man of the Justice Department who personally signed off on this.

(CROSSTALK)

WILLIAMS: He signed off on it. The question is to look --

(CROSSTALK)

HUME: He signed off on it --

WILLIAMS: -- to go back and look at the work of the investigators in Justice.

HUME: I understand that but how can he -- if he signed off on it how can he investigate it?

WILLIAMS: Because now is the opportunity and he is the exact right person as Attorney General of the United States to see what prosecutors did and how they came to this conclusion.

HUME: Well, he saw -- wasn't he supposed to see all of that before he signed the affidavit.

WILLIAMS: You can't see everything.

(END VIDEO CLIP)

O'REILLY: We'll talk with Juan in a minute. But come on, Holder knew what he was doing when he ok'd the spying on Rosen and Fox News.

To be fair, there is a valid national security situation involved in the Rosen matter as the "The Washington Post" reported today in a story planted by the Obama administration. The fact that James Rosen went public with North Korea's threat to test a nuclear weapon could have implicated someone giving information about that country, so national security was involved.

But, not at the level that would prevent any decent reporter from doing the story. Rosen didn't name a source and did not leak any information. It was Stephen Jin-Woo Kim, a State Department employee, who has now been charged with a national security crime. He has pleaded not guilty.

The Rosen and the Associated Press situations both come back to Attorney General Holder. Right now he is just holding on by his finger tips.

And that's "The Memo."

- You can catch Bill O'Reilly's "Talking Points Memo" weeknights at 8 and 11 p.m. ET on the Fox News Channel and any time on foxnews.com/oreilly. Send your comments to: oreilly@foxnews.com.