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View Diary: Thank You President Obama! I was helped by the $26 Billion Settlement. That's why I'm a Democrat! (280 comments)

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  •  Fine print about the investigative unit... (1+ / 0-)
    Recommended by:
    George Hier
    Wednesday, April 18, 2012
    Yet Another Obama Big Lie: Mortgage Fraud Investigation Not Even Staffed
    The Administration has managed the impressive task of operating in a more cynical fashion than even its worst critics predicted.

    Remember the widely ballyhooed mortgage fraud investigation, announced at the State of the Union address? This was the shiny toy that succeeded in getting New York attorney general Eric Schneiderman to abandon his opposition to the mortgage settlement. Schneiderman had been the defacto leader of the dissenters by virtue both of being the first to stand against the effort and by having the Martin Act. Suborning Schneiderman put the objecting state attorneys general in disarray and enabled the Administration to push this toxic deal over the finish line.

    It was pretty obvious Schneiderman had been had... We had assumed that the Administration would engage in a Potemkin version of an investigation, bringing a few cases close to the election to generate deceptive and useful “tough on crime” headlines. But having succeeded in protecting the banks, it looks like they can’t even be bothered to go through the motions....[more]

    "It depends what the meaning of 'is', is"
    Platform of the Neo-Democratic Party
    Speaking out of one side of their mouth for the little guy, their nominal constituency, and the other for the plutocracy, their real constituency.

    by Sanctimonious on Sun Apr 22, 2012 at 10:23:53 AM PDT

    [ Parent ]

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