Some Difference! 6/17

Trey Smith

11 Banksters and Wall Street speculators deserve their bailouts and protection from criminal liability, but underwater and foreclosed homeowners deserve nothing. Well, maybe not exactly nothing. Republicans think underwater homeowners deserve blame for forcing banksters to offer millions of fraudulent high-interest loans were then re-sold to investors around the world. Democrats think underwater homeowners deserve empty promises of help that never quite arrives for most of the foreclosed, the about-to-be foreclosed, their families and communities. But both agree on free money for banksters and speculators but no moratorium on foreclosures and no criminal investigations of mortgage and securities fraud.
~ from Closer Than You Think: Top 15 Things Romney and Obama Agree On by Bruce A. Dixon ~

The way Barack Obama handled the foreclosure crisis of the past few years is very much the same way a Mitt Romney would do it. First, you spend a lot of time telling homeowners that you will work to protect them and you then turn around to do everything BUT that!

As usual, what we got from Obama was a watered down program that greatly benefited the banks of Wall Street, while helping very few underwater homeowners. To add insult to injury, the settlement the Obama administration browbeat state attorney generals to accept resulted in a piddly ass fine (most likely paid for with government money) and the shielding from prosecution of the criminals who illegally foreclosed on MILLIONS of Americans.

Sounds like something Bush would have done! Sadly, it was a Democrat who was leading the charge.