So the Obama administration is once again allowing banks to dictate to them how it’s going to be. The administration fears that by pursuing an investigation into mortgage fraud, the economy could collapse, so the White House and Department of Justice’s solution is to impose a $20 billion fine and let criminal syndicates like Bank of America can walk away. Never mind that over $60 BILLION in state worker pensions were destroyed in Florida ALONE due to bad mortgage-backed securities. The working class gets punished through no fault of their own, while Wall Street criminals get a slap on the wrist.
New York Attorney General Schneiderman has refused to go along with Wall Street criminals’ strong-arming. I think we should contact his office and commend him for standing up to the banksters and the elite’s puppets in Washington, D.C., don’t you?
From The Young Turks:
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