Thursday, January 26, 2012

And so it begins

But I guess it - Obama's attempts to placate the left - has already begun. His appointment of New York Attorney General Eric Schneiderman, who dropped out of the faux mortgage settlement by most of the states attorneys general, as co-chair of a Federal committee to investigate mortgage abuses is one such action. There will be many more actions like this, a lot of sound and fury signifying nothing. In his current administration Obama has demonstrated quite clearly that he'll say anything to get elected and do almost anything to make a deal with those who diametrically oppose him and his supposed beliefs.

Most of us think 2 people when we hear "co-chair". Not in this case. The co-chairs are Lanny Breuer, assistant attorney general at the Criminal Division of the Department of Justice, Robert Khuzami, director of enforcement at the SEC; John Walsh, a U.S. attorney in Colorado, and Tony West, assistant attorney general in the Civil Division at DOJ. Two of this group - Breuer and Khuzami - have strong ties to the industry they will be "investigating". So many co-chairs can only screw things up. If this group accomplishes anything worthwhile, I'll be amazed. Obama has done nothing re the mortgage issue in 3 years. Why start now?

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