Feds Encourage State Attorney General MalfeasanceBy: masaccio - FDL
Monday August 22, 2011 4:40 pm
<snip
Two things have been crystal clear from the outset in the Obama Administration:
1. Banksters cannot be held accountable for anything no matter how awful, no matter how criminal, because that would interfere with the all-important financial sector and murder the confidence fairy.
2. The government won’t enact any programs that would actually help homeowners who have been destroyed by the housing crisis, because that might mean that banksters would have to take losses.
As to point 1, Secretary of the Treasury Timothy Geithner told then New York Attorney General Andrew Cuomo not to prosecute banksters for fraud, because it would be kill Tinkerbell the Confidence Fairy. Then we found out about the Obama Administration plan for coping with the biggest case of fraudulent banking ever. Paul Krugman saw it as a muddle through plan: “… hoping that the banks can earn their way back to health.” Krugman didn’t like the plan, and it was just one more time Krugman was right and for the right reasons.
Now as dday explains, http://news.firedoglake.com/2011/08/22/white-house-pressuring-schneiderman-to-drop-objections-to-foreclosure-fraud-whitewash/ HUD Secretary Shaun Donovan has joined the rest of the Obama Administration in assaulting representatives of the public who stand up to the banksters.As to point 2, Obama refused to work the Congress to pass cramdown, letting the banksters win, despite his campaign promises. He and Geithner pushed hard for the useless HAMP, a total failure, as Neil Barofsky, the Special Inspector General for TARP said in a report late last year. Now 30 months into his term the Obama Department of Justice has made it perfectly clear that no banksters were guilty of anything. None! It beggars the imagination that this decision was made without even the pretense of a real investigation, and in the face of reports of wire fraud, mortgage fraud and securities fraud, and fraud on state courts around the nation, reports prepared by special commissions, bankruptcy examiners, and congressional committees.<snip>
More:
http://firedoglake.com/2011/08/22/feds-encourage-state-attorney-general-malfeasance/:mad:
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