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Yet Another Obama Big Lie: Mortgage Fraud Investigation Not Even Staffed

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opednews.com Headlined to H2 4/19/12

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The Administration has managed the impressive task of operating in a more cynical fashion than even its worst critics predicted.

Remember the widely ballyhooed mortgage fraud investigation, announced at the State of the Union address? This was the shiny toy that succeeded in getting New York attorney general Eric Schneiderman to abandon his opposition to the mortgage settlement. Schneiderman had been the defacto leader of the dissenters by virtue both of being the first to stand against the effort and by having the Martin Act. Suborning Schneiderman put the objecting state attorneys general in disarray and enabled the Administration to push this toxic deal over the finish line.

It was pretty obvious Schneiderman had been had. Obama tellingly did not mention his name in the SOTU. Schneiderman was only a co-chairman of the effort and would still stay on in his day job as state AG...

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At www.nakedcapitalism.com

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