Skip to main content

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

Comment Preferences

  •  The "settlement" does nothing to address (2+ / 0-)
    Recommended by:
    taonow, splashoil

    the underlying issues, and is simply lipstick on a pig.

    The settlement was reached to allow the banks to continue to essentially operate bidness as usual without meaningful oversight.  As Damon Silvers of the Congressional Oversight Panel which monitored the bailouts, once put it, its purpose is to preserve the capital structures of the largest banks.

    We can either have a rational resolution to the foreclosure crisis or we can preserve the capital structure of the banks. We can’t do both.

    I tremble for my country when I reflect that God is just; that his justice cannot sleep forever. ~Thomas Jefferson

    by bobdevo on Fri Feb 10, 2012 at 08:23:30 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site