Via Greenwald comes a pointer to this article by Jon Meacham, Newsweek’s Editor, in which he says the following:

to pursue criminal charges against officials at the highest levels?including the former president and the former vice president?would set a terrible precedent.
[snip]
That is not to say presidents and vice presidents are always above the law; there could be instances in which such a prosecution is appropriate, but based on what we know, this is not such a case.

“That is not to say presidents and vice presidents are always above the law”
Thanks for nothing, Meacham. I would say that presidents and vice presidents are in fact never above the law, and in fact that they have an obligation to bend over backward to observe the law in order to encourage the rest of us.
He really does live in a Village where the political and journalistic elites feel they’re above all the usual restrictions society places on we commoners, doesn’t he?