Come on. I’ll consider it a measurement of the size of the Obot faction, either that or the polls were fixed.

Ah, the tar wasn’t searing hot, it was just warm enough to help it spread, but they did save the full bed pans to toss out the windows at them.

huh?

Danny Kanner, a spokesman for Schneiderman, responded by email to the Swanson letter. “We have received Attorney General Swanson’s letter and agree that any agreement must not prevent attorneys general investigating the mortgage crisis from following the facts wherever they lead.”

“Attorney General Schneiderman remains concerned by any settlement agreement that would preclude state attorneys general from conducting comprehensive investigations of the mortgage crisis,” Danny Kanner, a spokesman for the attorney general, said in an e-mailed statement.

It was actually Schneiderman’s responsibility to hold up those modest principles, not his spokesman.

Are you saying he’s just democratic cog that can fit in anywhere?

I wouldn’t expect him to have to make career damaging statements, especially if he’s making them for someone who isn’t actually the hero he’s been portrayed as. That would be disingenuous if he was making these statements on his own initiative. He might have to walk them back if so. I would assume that he’s saying what his boss wants him to say.

SO MUCH FOR SCHNEIDERMAN BEING TOUGH ON WALL STREET
As regular readers no doubt recall, Eric Schneiderman abandoned the dissident state attorney general effort to get a better mortgage settlement, assuring the Administration a win on this sellout to the banks….

From a writeup in the New York Law Journal of a presentation Schneiderman made on white collar crime. It seems Schneiderman is in favor of it:

Noting his role as co-chair of President Barack Obama’s mortgage-fraud task force, he said that he was “very pro-Wall Street” and had represented some financial services firms in private practice.

So what I think what we can infer here is that Schniederman never was the hero, it was actually Attorney General Swanson who was displaying the backbone but you reversed it.

Minnesota AG Swanson Backs Schneiderman: No Settlement With the Banks Without Investigation

Minnesota Attorney General Lori Swanson has released a letter that opposes giving a broad release to banks on foreclosure fraud in exchange for a quick settlement.

In the letter, Swanson writes that “the banks should not be released from liability for conduct that has not been investigated and is not appropriately remedied in any settlement.” Specifically, she refers to “liability for securities claims or conduct arising out of the securitization of mortgages or liability arising out of the use of the Mortgage Electronic Registry System (“MERS”), where those claims have not been investigated or fairly addressed through the settlement.” She adds that bank officers should not be released from criminal liability in a civil settlement.

Swanson lines up with New York Attorney General Eric Schneiderman, then, in saying that she would not sign off on any broad settlement without an actual investigation. But she actually goes a bit further. Swanson writes that due process rights of individuals cannot be impeded or compromised by any settlement.

We know that Schneiderman didn’t care about MERS, right? Didn’t he agree only to go after the securities fraud end?

Now, I think the nails on chalkboard statement “Teachable Moment” here is something different that what you might be alluding too because your point seems to push the blame on Kanner, when a mirror might be in order.

Why did Schneiderman get painted as a hero? Who was pushing this line? It’s sad that we need one so badly, but it’s obvious that the wrong person got championed.

We need some more of Sander’s symbolism. /s He watered down the Grayson/Paul bill.
Like some of that opportunistic symbolism by attacking Severin, the early facebook partner who would give up his citizenship to avoid more taxes.

Where’s the beef?

Former regulator William Black discusses JP Morgan, Brooksley Born and OTC derivatives on RT Capital Account.
http://t.co/yXtl62kf

Mark Melin ‏@MarkMelin

I’ve been speculating on when MF Global blows up. Initially said end of April. Wrong. Was saying Aug… Now July?….

And when I say “blows up” I’m not referring to an over-leveraged, undisclosed sov debt trade. I’m saying it becomes “Watergate.”

It’s getting exciting.
How many balls can they keep in the air while attacking each other during election season, as they kick the can down the road and try to keep the pea hidden under the shells, all at the same time?

Go long on Popcorn.

Isn’t this Racketeering?

alternate subtitle: when thieves fall out…

Where have you been? MIA if you don’t know.

Primary Obama. LOL..

Thanks for those links, but the oligarchs are fighting amongst themselves for top spot too. They also revolve.
M J Rosenberg has this jaw dropping transcript-

This is a transcript from 1992 of the AIPAC president caught on tape describing the political shenanigans that are the heart of its power.

http://wp.me/p2gCVK-it

This site is not defined by opinons of one or two of it’s posters nor an arbitrary comment or commenters, even yourself.

This is about Moral Hazard. If John Corzine or Jamie Dimon’s assets were on the line, and there were actual criminal punishments for not doing proper oversight, they would be policing the behavior like the Gestapo.

Instead they are treated by the government like un-ruley children whose parents rush in to save their monster progeny after they’ve poked little tommies eyes out with their pop-sickle sticks. They are to the government as the Menenedez twins were to their parents, but we’re the victims.

The “Personal Responsibility” that the Democrats and the third way push is revolting in this light.

We just need to create some Super Safe Community or State Banks, patterned after the boring old timey ones- Just like “Dads Bank”. They serve the community, that hang on to the loans and administer State funds. They don’t engage in Interstate competition or short term speculation and shorts. Insure them well with FDIC, let them draw their money from the Fed same window with the same rates.

This de-facto Reclassifies Wall Street as speculative banks not savings banks. Then remove the FDIC insurance for savers from the Speculative Banks along with any Fed Guarantees.

This the same principle that Golds Gym used to screwed me out of my “lifetime” Gold membership. They just created a super golds gym membership.

It’s really time to stop asking these fuckers on bended knee to be nice.

Look at this passive language:

Whether Jamie Dimon got his lobbyists to gut the Volcker rule

Who actually gutted the Volker rule? Who got payed off massively? Those poor legislators – and their leaders were just so powerless when faced with all that money.

it’s very simple: give up their banking license.”

There’s just no rational reason to allow hedge funds to exist inside of banks.

Last time I checked a license was not a right, but a privilege. There is no rational reason to try to convince bankers to “give up” anything, anymore than you would try to talk a serial killer out of what murdering people. Are they in charge of the issuance of those licenses? No one asks a drunk driver “pretty please” to give up their license.

Are you serious?

NIce. And nobody has to learn how to fly them like the last time.

I’m still wondering what happened to that nuke that was lost in the Florida/NOLA kerfluffle.

It’s obvious to me no one in power has a long term plan for this country that involves success.

we need to stop calling it filibuster. It’s dissent and there is no deliberation in the senate with out the real filibuster. just back room deals.

The government needs to use one of Ron Paul’s ideas and pull all support, let them and all their customers know that there will be no rescues of anyone at all next time. No FDIC for gambling with savers money either. The customers would seek safe places to store their cash.

40 Pics of Afghan girls.