Remember the bank loan modification nightmare that cost millions their homes? BOMBSHELL:

[Divernan]

152. Or to deflect & distract from criticisms of his BFF Holder.

I'm reposting a prime example from this very thread in which we are urged by a self-admitted Obama fan to believe that it's up to the CPA, or the Republicans or the "Housing Dept." or Congress to move Justice(Obama's BFF/appointee, Holder) to take action. In other words, he/she urges us to blame ABO - anybody but Obama.

As if the Justice Dept. cannot take action on its own initiative, or as if Obama could not direct Holder to take action. And one assumes that by "CPA", he/she was referring to the Consumer Financial Protection Bureau, and by "Housing Department" to the Department of Housing and Urban Development. All of these agencies are under the control of Obama - they don't need permission of the Republicans or the direction of Congress to take action on this matter. It is and always has been Obama's call, simply because the President is in charge of the administrative branch of government and all the agencies therein. High school Civics 101.

When Holder refused to prosecute because these banks were "Too Big to Fail", what he really meant was these banks were Too Big (as campaign donors to Obama) to be Prosecuted."

bigtree (49,335 posts)
23. this is a good area for the CPA to step in

. . . unfortunately, their decision-making and authority is undermined by the republicans' deliberate obstruction of appointment to the head of that agency by Richard Cordray (and, formerly, by nominee Elizabeth Warren).

There has to be a Housing Dept. lever, as well, to move Justice on to an investigation or prosecution . . . not to mention, Congress.