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View Diary: NY Atty. Gen. Schneiderman LOVES Today's Mortgage Fraud Deal. UPDATED x3 Liz Warren Likes it Too! (261 comments)

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  •  matt taibbi was hopeful last week (7+ / 0-)

    this week he's not so sure.

    personally, i'll wait to see how this pans out before jumping to conclusions, but the track record of this administration on this issues doesn't lend a terrible amount of confidence.

    something's better than nothing, but a pittance is still a pittance. best hopes for this being but a first step in a process that lays these criminals low, instead of slapping them on the hand.

    •  Here is what he is saying now: (0+ / 0-)
      UPDATE: Matt Taibbi writing at Rolling Stone:

      ...this looks like America's public prosecutors just wilted before the prospect of a long, drawn-out conflict with an army of highly-paid, determined white-shoe banker lawyers. The message this sends is that if you commit crimes on a large enough scale, and have enough high-priced legal talent sitting at the negotiating table after you get caught, the government will ultimately back down, conceding the inferiority of its resources.

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