January 27, 2012

Obama - looking backward or head fake on mortgages?

I vote for "head fake" on Dear Leader's announcement about a major new investigation into the mortgage fradu behind (in part) the subprime bubble.

After all, just earlier this week, his administration was trying to still,/again browbeat state AGs into accepting a slap-on-the-wrist deal with banksters on the robosigning and related issues.

Add in an election-year pseudopopulism push, and it's easy to see where this is coming from.

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