Tuesday, February 19, 2013

"Prosecutors Build New Wall Street Cases"

That's the headline in the NYT business section today.  This is dangerous.  Obama and his lackey Holder are focusing now on political opponents.  The huge economic decline enabled by the housing mess in 2008/2009 that extends even until today in many ways was not just a banking issue, it was also a regulatory issue, a flaw in our society's intelligence, a somewhat immmoral real estate brokerage community, a lack of oversight of Fannie Mae and Freddie Mac, and a complicit Congress that encouraged banks to dig deep into their credit standards.

The past is foreign territory, especially if it is recast in political terms.

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