Wednesday, January 12, 2011

Perps in the White House

By Robert Scheer


"While it is widely recognized that the banking meltdown has left enormous economic pain and political upheaval in its wake, it is amazing that the folks who created this mess are rewarded with ever more important positions in our government.....

With 50 million Americans holding “underwater” mortgages, there can be no solution to the housing crisis unless the banks that got us into this wreck are forced to accept cramp-downs and other painful adjustments to help folks stay in their homes. If the economy remains in the sorry state that the Fed predicts for the next two years, Obama will not be re-elected, no matter how much money he is able to raise from his newest best friends on Wall Street."

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