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…which not be a shocker to any of you who keep up with Obama and his White House cohorts which aspire to be the best Wall Street ,bought and paid for, Republicans in the United States.
So, to help his Wall Street Crime bosses, the Obama crime clan are pressuring the New York Attorney General Eric T. Schneiderman to bow down and except the “ slap on the risk “ fine that the administration has been pushing for some time. I should note that the NY AG is not the only one who thinks that the deal that Obama wants to pull off is a sham. A few other state AG’s also have a problem with it.
A Sunday New York Times article titled "Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal," states:
Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure practices, according to people briefed on discussions about the deal.
In recent weeks, Shaun Donovan, the secretary of Housing and Urban Development, and high-level Justice Department officials have been waging an intensifying campaign to try to persuade the attorney general to support the settlement, said the people briefed on the talks.
Mr. Schneiderman and top prosecutors in some other states have objected to the proposed settlement with major banks, saying it would restrict their ability to investigate and prosecute wrongdoing in a variety of areas, including the bundling of loans in mortgage securities.
I would say that the hindrance of further investigations and/or prosecutions of these criminals is what Obama is all about. I wonder what Obama’s percentage of the bailouts came to? Change we can believe in has turned to the change in our pockets is all that we will get while Obama and the rest of the Republicans continue to fuck you and I over…..and over….and over….
This is of course happening after new revelations about the SEC clearly breaking the law by destroying records of up to 18,000 investigations of wrongdoing by Wall Street firms since the early 1990s, as reported by Matt Taibbi in Rolling Stone Magazine, in the article titled "Is the SEC Covering Up Wall Street Crimes?"
For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation's worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – "18,000 ... including Madoff," as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history. Rolling Stone Article
What are the odds that those crooks at the SEC will be prosecuted for destroying evidence? You’ll see Jesus return before that happens.
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