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Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement”

Obama’s latest housing market chicanery should come as no
surprise. As we discuss below, he will use the State of the Union
address to announce a mortgage “settlement” by Federal regulators, and
at least some state attorneys general. It’s yet another gambit designed
to generate a campaign talking point while making the underlying
problem worse.
The president seems to labor under the misapprehension that crimes by
members of the elite must be swept under the rug because prosecuting
them would destablize the system. What he misses is that we are well
past the point where coverups will work, and they may even blow up
before the November elections. If nothing else, his settlement pact has a
non-trivial Constitutional problem which the Republicans, if they are
smart, will use to undermine the deal and discredit the Administration.
To add insult to injury, Obama is apparen

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Added: Jan-24-2012 Occurred On: Jan-23-2012
By: 104JebackaBrigada
In:
Politics
Tags: obama, lie, usa, war
Location: United States (load item map)
Views: 2728 | Comments: 11 | Votes: 0 | Favorites: 0 | Shared: 11 | Updates: 0 | Times used in channels: 2
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