
by Randy Shannon, Coordinator
Western PA PDA
April 18, 2012
Over the past three years we have watched the banks tighten their grip on the government.
Things have reached the point where the President cannot follow through on his commitments to the American people.
He has promised to prosecute the criminal wrong doings of the banks. Remember the S&L Scandal and Enron. The perpetrators of these crimes were prosecuted, fined, and jailed. But the biggest crime of the century that wrecked the economy has not even been investigated. The fraud is self-evident and admitted, yet the Attorney General has not initiated action.
At his State of the Union Address, President Obama invited NY Attorney General Eric Schneiderman as his guest after Schneiderman agreed to the President’s package deal with the fraudulent banks. Schneiderman had held out against immunity for criminal acts and for a team in the Justice Department to investigate and prosecute criminal acts by the bankers.
As we see in the New York Daily News article below, the President’s State of the Union promise to the American people to bring justice to this scandal was empty rhetoric. Nothing has happened.
Continue reading Obama’s Mortgage Fraud Unit is a Fraud on the American Public