As we've noted for years, the entire strategy of Washington towards the economy is to cover up the fraud which caused the financial crisis ... even though prosecuting fraud and re-establishing the rule of law is the only way to get out of this depression.
Why are we bringing this up now?
Because Obama is making a giant push to pressure the states attorneys general to settle all of their mortgage-related fraud claims against the banks for pennies on the dollar.
Yves Smith - who has an ear to the ground on this - warns that a settlement which hurts consumers and the economy will happen very quickly if people don't raise a ruckus.
Why are we bringing this up now?
Because Obama is making a giant push to pressure the states attorneys general to settle all of their mortgage-related fraud claims against the banks for pennies on the dollar.
Yves Smith - who has an ear to the ground on this - warns that a settlement which hurts consumers and the economy will happen very quickly if people don't raise a ruckus.
Obama was NEVER a "man of the people"; he is, and has always been, a man of the elite and monied.
And if you don't believe that, take a good, hard look at every policy he has championed, and see how many have been actually been beneficial for We the People; you're going to find a big, fat, hairy zero at the end of your search here.
And if you don't believe that, take a good, hard look at every policy he has championed, and see how many have been actually been beneficial for We the People; you're going to find a big, fat, hairy zero at the end of your search here.
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