Friday, December 23, 2011

Special Report: The watchdogs that didn't bark

Great article. Be sure to read to the end. It does seem as if Washington (Eric Holder)is deathly afraid of both the banks and Wall Street. If I didn't know any better you'd think Eric Holder is afraid of getting beat up (bloody nose anyone?)So what gives??? What's with all of the settlement attempts? Seems to me there are plenty of fraud cases to go around to keep all prosecutors busy for a very long time. I can't help but think about the discussion I recently had with Neil Barofsky
(SIGTARP). He simply put it this way "to collect via settlement is better politically". Again, how sick is that? Homeowners get screwed over by their brokers, lenders and now by those who were supposed to protect them from the wolves.

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