Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Wednesday, April 11, 2012

Propaganda Alert: NY pushes objection to BofA $8.5 billion mortgage pact

This is a charade folks, just political posturing. Schneiderman doesn't want to stop this deal. As I've written in this space, the settlement was an enormous give-away to the banks. The top bondholders--the big banks-- got the lion's share and individual investors got screwed, precisely what the banks wanted. Wall Street owns the prosecutors' offices and courts, and nobody but nobody gets to be AG in New York unless he's a team player.