General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumswhat do these 2 headlines tell you? 1.Obama says will establish unit to fight large-scale fraud
http://www.reuters.com/article/2012/01/25/us-usa-obama-speech-financial-idUSTRE80O07020120125and
2.
Top Justice officials connected to mortgage banks:
(Reuters) - U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department's criminal division, were partners for years at a Washington law firm that represented a Who's Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.
The firm, Covington & Burling, is one of Washington's biggest white shoe law firms. Law professors and other federal ethics experts said that federal conflict of interest rules required Holder and Breuer to recuse themselves from any Justice Department decisions relating to law firm clients they personally had done work for.
http://www.reuters.com/article/2012/01/20/us-usa-holder-mortgage-idUSTRE80J0PH20120120
SammyWinstonJack
(44,130 posts)But what do I know, me being an Obama hater and after all Obama IS the smartest guy in the room.
RKP5637
(67,102 posts)been going on for eons in many civilizations. Money, almost always, allows one to get what they damn well please.
SomethingFishy
(4,876 posts)Zorra
(27,670 posts)the ☮ccupy Movement.
Consumer bureau chief wages charm offensive on Republican critics
By Peter Schroeder - 01/24/12 05:52 PM ET
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray offered an outstretched hand to Republicans on Tuesday in his first appearance before Congress since his controversial recess appointment.
Appearing before the same House Oversight subcommittee where Elizabeth Warren, the architect of the bureau, got into a heated dispute with a Republican lawmaker, the soft-spoken Cordray tried to tamp down the simmering partisan conflict over his agency.
----
The charm offensive was a marked change from the tack taken by Warren, the liberal champion of the bureau who often butted heads with conservative lawmakers.
---
Cordray assured skeptical Republicans that the CFPB isnt looking to cap interest rates on consumer financial products, and stressed he would not be taking marching orders from the White House. He added that he plans to consult small businesses and banks when drafting regulations.
http://thehill.com/blogs/on-the-money/banking-financial-institutions/206243-consumer-bureau-chief-tries-charm-offensive-on-gop-critics
January 24, 2012 7:57 pm
US Treasury failed to cap rewards at bailed-out groups
The US Treasury Department failed to rein in excessive compensation for executives at bailed-out companies including AIG, despite a White House pledge to cap pay-outs, a federal audit has determined.
Since President Barack Obama promised in February 2009 to cap salaries at $500,000 and limit additional compensation to "stock that cant be paid up until taxpayers are paid back for their assistance", the Treasury has approved pay packages of $5m or more for 49 executives, according to the Special Inspector General for the Troubled asset relief programme.
---
They wanted pay to be business as usual, Ms Romero added.
Mr Feinberg told Ms Romeros investigators that senior Treasury officials pressured him to approve larger pay packages, particularly at AIG.
http://www.ft.com/intl/cms/s/0/946d5052-46a5-11e1-bc5f-00144feabdc0.html#axzz1kaj7HvxD
??☮ccupy
http://occupii.org/
All Members (4,088)
bemildred
(90,061 posts)Zorra
(27,670 posts)Nuclear Unicorn
(19,497 posts)he is shocked to learn gambling is occurring at this establishment.
Tierra_y_Libertad
(50,414 posts)dixiegrrrrl
(60,010 posts)EC
(12,287 posts)Obama doesn't trust Holder to do it.
CoffeeCat
(24,411 posts)...that the majority of Obama "appointments" were really installations. The corporations, and the banks
put their chosen people exactly where they wanted them.
In the Obama Administration--it was even more stacked with bankers, Wall Streeters and Goldman boys. Does anyone
really think this was totally Obama's doing?
The corporations own our government. They have an incestuous relationship with Washington--and they appoint their
kind to powerful posts all of the time. Attorney General positions, cabinet members, SEC chairmen, regulators--chances
are they were installed by the corporations.
I don't blame Obama for this mess. These thugs have been amassing power for decades. However, I really wish Obama
would come clean to the American people. He knows who these people are and he also knows that the President has
no power--in comparison to this cabal.
He needs to speak up.