Back in January, as part of the PR re
the State of the Union, Obama announced the formation of the Residential
Mortgage-Backed Securities Working Group. The function of this new
group in the president's words: “This new unit will hold accountable
those who broke the
law, speed assistance to homeowners and help turn the page on an era of
recklessness that hurt so many Americans.”
Seven months later the SEC and DOJ have decided that they do not have a case re Goldman Sachs. I guess Goldman did not break the law. Perhaps Obama will buy that bridge I've been trying to sell.
What a contrast between our governments re the Savings & Loan scandal, the Great Depression and the Great Recession. Could Vermin Supreme be worse than Obama or Romney?
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