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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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  •  though, the criticism can be raised, that... (11+ / 0-)

    .... Obama should have just declared a national emergency and seized the TBTFs, sent in the FBI and SEC bearing search warrants, nationalized them, and perp-walked their masters into federal court on felony charges.  

    What he actually did, was "stabilize the patient and transport to hospital."  That prevented an even bigger crash than some of the alternatives, but none the less, stronger measures would have been satisfying.

    "Minus two votes for the Democrat" equals "plus one vote for the Republican." Arithmetic doesn't care about your feelings.

    by G2geek on Fri Feb 10, 2012 at 01:32:52 AM PST

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    •  Is there any actual legal authority (2+ / 0-)
      Recommended by:
      Geekesque, foufou

      for what you suggest? I'm doubtful.

      •  know what? do it anyway and let the... (0+ / 0-)

        .... stinkypoo Republicans try to impeach him.

        At minimum there's legal authority to send in the FBI and SEC with handfuls of warrants for every piece of paper and digital storage device in Goldman and the rest of them.

        Then come the robo-signing shops, with enough counts of felony fraud to start an economic stimulus just on building the federal prison cells to house the bastards.

        Now what we have is the spectacle of the financial industry all lined up at the police station to get fingerprinted like common crooks, and you'd better believe that the public would be ready for nationalizations and other forms of seizures.  Hell, use the asset forfeiture statutes, or RICO.

        Where there's a will, there are plenty of ways.  

        But Obama chose to take the quiet route and prevent an economic convulsion, which may in the long run turn out to be better, despite depriving all of us of the schadenfreude spectacle of seeing Lord Bankfiend and his ilk marched into court in orange jumpsuits while protesters shout "Firing squad!" and "Electric chair!" from the sidelines.  

        Comes the second term, we'll see.  

        Or the stay-homes, NOTVs, and useful idiots will end up not-voting the election into Romneyville, and A Handmaid's Tale will dawn upon our shores, as we lurch like Thorazine-sedated schizophrenics into the 21st century of our worst nightmares.  

        "Minus two votes for the Democrat" equals "plus one vote for the Republican." Arithmetic doesn't care about your feelings.

        by G2geek on Fri Feb 10, 2012 at 07:27:03 AM PST

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    •  This has been underappreciated, imo...... (12+ / 0-)
      What he actually did, was "stabilize the patient and transport to hospital."  That prevented an even bigger crash than some of the alternatives, but none the less, stronger measures would have been satisfying.
      The whole first year or two of Obama's term has been necessarily about this.  Stabilization.  Without this accomplished, forget Progressive goals, we'd still be grinding through the depths of a deep depression.

      That he got the ACA throgh in those circumstances in nothing short of amazing.

      So now that the patient is stabilized and ready to leave the hospital, it's time to get moving forward.  And the system's stabile enough to go after some bad guys, too, without bringing the whole thing down.

      I'm expecting lots of good progress over the next 5 years.

      •  me too, or pie in the face, but i'll take the risk (3+ / 0-)

        I have a sneaking suspicion that Obama will discover his inner progressive and his inner warrior, and go into battle for us in his second term.  Just an intuitive hint, which may turn out to be completely wrong, but none the less.

        OTOH, my crystal ball tends to work pretty well.  This morning's mundane precognition was a quick visual image, almost dreamlike, of a cliff or embankment with rocks brought down by some blasting on a highway project.  I was even going to post it as a random comment because it had that vibe of "nonlocal information" and I wanted to document it.  Lo & behold, a half hour later I heard the actual news of an actual rockslide into a nearby highway causing a traffic delay.  If I could find a picture it would probably look pretty well like what I saw.   Precog capabilities plus logical inference add up to predictions that fairly often are close enough.  So I'll stick my neck out.  

        In any case I'd rather take the risk that Obama will stick to his moderate thing, than take the risk that we'll end up with some whackadoodle plutocrat or theocrat who will render another bookshelf full of dystopian novels obsolete.  You don't even want to know what I see down that trail.

        "Minus two votes for the Democrat" equals "plus one vote for the Republican." Arithmetic doesn't care about your feelings.

        by G2geek on Fri Feb 10, 2012 at 07:39:43 AM PST

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