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Posts Tagged ‘Obama in bed with Wall Street’

Obama on Dodd-Frank: Is He Serious?

Posted by Larry Doyle on August 20th, 2013 10:10 AM |

Three full years after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, less than 40 percent of the watered-down rules within the reform have actually been written.

And those that have fall mostly under the heading of low-hanging fruit.

President Obama played the populist card again yesterday, calling on Congress and the independent regulators to complete their work on this reform.

Does President Obama think the American public actually believes Wall Street has been or will be reformed via Dodd-Frank? Really? Is he serious?

(more…)

Mortgage Fraud Task Force Stats: Did You See This? WOW

Posted by Larry Doyle on August 12th, 2013 7:41 AM |

In what has to be one of the greatest indictments to date of the lack of meaningful integrity in Washington, news broke late last week regarding mortgage fraud investigation and enforcement statistics that totally blew me away.

Before we dive into the cesspool that defines this story, let’s set the proper backdrop.

One would think that a government initiative with the name Financial Fraud Enforcement Task Force would have been incredibly busy over the last few years. For those unaware, President Obama established this initiative in November 2009. Its mission?

. . . to hold accountable those who helped bring about the last financial crisis as well as those who would attempt to take advantage of the efforts at economic recovery. (more…)






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